November 2009
Daily interest mortgage loans can cause the loss of your home.
A Connecticut Bankruptcy Judge has recognized that a person in Chapter 7 may deduct car expenses on the Means Test even if there is no car loan without triggering a presumption of abuse in Bankruptcy. Now there’s a mouthful, but what does it mean? The Means Test was devised by the credit industry to ‘catch’ [...]
How many times have you heard, “If it sounds too good to be true, it probably is”? Â With the push to save homes through mortgage modification, more companies are promising results that they cannot deliver. Twice in this last week, I have had potential clients come to me looking for help with mortgage modifications. Â Each [...]
It is unlikely that someone will come out to your house to do an inspection when you file a Chapter 7 bankruptcy. There are only two practical reasons that the bankruptcy court would have a reason to send someone to inspect your property. »crosslinked«
Where are the 100,000 homes with modified mortgages that Bank of America is boasting of helping? The homeowners aren’t in Florida, Texas, California, Oregon, Maryland, Kansas, Missouri….could it be that the 100,000 homes just don’t exist? That BOA is counting phone calls as a successful modification? Consumer attorneys across the country are speaking out and reproving the mortgage companies as one after another, modifications are denied for their clients.
