February 2009

BLN Founder to Teach Bankruptcy to Solo Lawyers

by Jill Michaux, Kansas Bankruptcy Attorney

Bankruptcy Law Network Co-Founder and Past President Jay S. Fleischman has joined the faculty of Solo Practice University.  He will teach a six-session online course consumer bankruptcy law. Solo Practice University™ is a new web-based educational community to teach lawyers what they don’t learn in law school about practicing law as solo practitioners. Jay S. [...]

Protect yourself prior to foreclosure

by Cathy Moran, California Bankruptcy Lawyer

The property owner’s exposure for personal injury claims doesn’t end when he stops making the mortgage.  Even if you are resigned to letting a property go in foreclosure, maintain liability insurance on the property until the foreclosure sale.  Otherwise, you may be sued for injuries incurred on property you were giving back to the bank. [...]

Should I sign a mortgage modification agreement?

by Chip Parker, Jacksonville Bankruptcy Attorney

Based upon all of the agreements I have seen lately, the answer is clearly NO!  Mortgage companies coerce homeowners into signing these oppressive agreements that include waiver of liability clauses releasing the lender from any wrongdoing. I met with a firefighter and his wife yesterday regarding a foreclosure defense case.  They had a first mortgage [...]

Did you lie on your loan application? The King Amendment to HR 200

by David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney

Under the “King Amendment” to the mortgage modification bill in Congress, people who got their mortgage by “fraud” won’t be able to get mortgage modifications in Chapter 13.

Free Credit Report.

by Rachel Lynn Foley, Kansas City, MO, Bankruptcy Attorney

We have all heard from the Free Credit Report Band that life would be better if one just monitored their credit report.  The songs have caught on and now the band has its own fan club. Do not be fooled by the rockin’ music and nifty lyrics.  The reality of freecreditreport.com is that your credit [...]

Mortgage Modifications in the Real World

by David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney

Mortgage modification agreements are being offered by some lenders. But all mortgage modification agreements are not equal. Here’s what’s happening in the real world, today.