California foreclosure procedures provide that any secured creditor who uses the power of sale in a deed of trust to conduct a foreclosure sale gives up any claim against the borrower for a deficiency. So, a creditor who chooses a quick and relatively cheap non judicial foreclosure cannot pursue the property owner for more money [...]
April 2009
Your lender, or more accurately, the lien holder who is named on the title retains possession of the title during your bankruptcy case. Illinois Bankruptcy lawyer Andy Miofsky says “Neither the Court nor the trustee nor your lawyer ever receive your title.” The title stays with the lender until you finish paying your plan payments [...]
If you have a dispute with your mortgage holder, or the mortgage servicer of your account, you can send a Qualified Written Request letter seeking answers to your questions, says foreclosure defense attorney Andy Miofsky. The Real Estate Settlement Procedures Act requires your lender acknowledge receipt of your letter within 20 days. The lender has [...]
This is the first in a series of blogs about the Statement of Financial Affairs and the questions it asks. The Statement of Financial Affairs (SoFA) is a rather long document that is filed in every bankruptcy case. It consists of 18 questions if you don’t have a business, and 25 if you do. This [...]
No. Inquiries for firm offers for credit or insurance are not used in calculating credit scores. Nor does opting out improve your credit score. It simply removes your name from lists of prescreened/preapproved credit offers that the credit reporting agencies supply to companies. A firm offer for credit or insurance is defined as any offer [...]
The Upromise affinity card lets you save 1-2% of your credit card purchase amounts in a tuition based program. The company offers 529 savings accounts through various marketers. Beginning April 1, the Upromise program switched its credit card procession from Citi Bank to Bank of America. The old card is no longer accepted, despite the [...]
