If your bank is acquired, don’t assume the acquiring bank is stable. Check out the financial stability of the acquiring or resulting bank. If you have insured deposits in both institutions, your accounts (will be covered for six months after the acquisition closes. After that time you will only be protected by the insurance limits for the [...]
March 2009
You can get credit after bankruptcy. But you must act responsibly.
Now, we have a new and improved portal for loan modifications. It’s www.makinghomeaffordable.gov
The reaffirmation process in Chapter 7 is a useful and widely used tool for debtors to keep and continue to pay for houses, cars, furniture, electronics and co-signed debts. As I wrote in this blog back in February, 2008, reaffirmation will work in Chapter 7 if you have little or no equity in the collateral [...]
Texas Attorney General, Greg Abbott announced that Texas’s enforcement action against Foreclosure Assistance Solutions (FAS) has concluded. The Florida-based company can no longer engage in the foreclosure mitigation business in Texas. Further, the company has paid more than $390,000 in restitution to 351 Texas homeowners. FAS is the eighth foreclosure rescue operation shut down by [...]
A Central New York Bankruptcy Court ruled that Affordable Furniture Stores in Central New York must reopen to allow customers to pick up furniture that they had already paid for. Attorney General Andrew Cuomo’s office had received three dozen complaints from people who had discovered the stores were closed in Syracuse, Utica, Rome and Watertown [...]
