In 2008 the Georgia Legislature passed, and the Governor signed, a change to Georgia’s foreclosure laws that now require all foreclosure notices to include the name, address and telephone number of the individual or entity who has authority to negotiate a loan modification. The citation for this provision is O.C.G.A. Section 44-14-162.2 and it reads [...]
September 2009
Everyone’s financial situation is different, but there are a few indicators that your finances are already in trouble, or on a fast track there. Often people do not realize the seriousness of their financial situation because of they are living week-to-week. It is important to take a step back and assess your financial situation, to [...]
In a prior post, I talked about operating a business as a proprietorship and how your personal bankruptcy may affect your business. Suppose you operate your business as a corporation, how will your personal bankruptcy case affect your business? First, as I had indicated previously, a corporation is a completely separate legal entity. It owns property in [...]
There’s a ton of bad information out there about bankruptcy. So how do you know the information you are getting is reliable, and where do you go for answers to your questions about bankruptcy? Here are some tips to avoid bankruptcy myths, and then some suggestions for how to get your questions answered. I could [...]
In Illinois, property is sold at foreclosure by one of several methods, by judicial sale in court, or by a court appointed receiver, trustee or sheriff, usually in the courthouse or by agreement of the parties. The borrower has 7 months after the lawsuit was filed or 3 months after a foreclosure judgment was entered [...]
Watch out, if your $18 million home on the beach in Malibu is turned back to the bank–it might become a “Party House”. This is what happened to one of the victims of the Madoff pyramid scheme, who lost their home as a result. According to this article on AZCentral.com: A Wells Fargo & Co. [...]
