A Connecticut Superior Court Judge recently decided that mortgage company can be made to answer for the sins of the original lender in a foreclosure action. Consumers now have a new tool in their fight against mortgage lender fraud. Defenses to foreclosure actions in Connecticut traditionally have been severely limited. You had to allege payment, [...]
November 2009
Southwest Florida is experiencing one of the worst economies in its history. Cape Coral, Fort Myers, Lehigh Acres, and Port Charlotte, Florida have been hit by the perfect storm of bad news. The housing market crashed, unemployment is at an all time high and the banks are simply not lending money to small businesses. Likewise, [...]
While there is no such thing as a “medical bankruptcy,” that is, a bankruptcy that includes only medical bills, more and more people are filing for bankruptcy because of medical bills. A November 25, 2009 article in The New York Times, “From the Hospital Room to Bankruptcy Court,” talks about the ever-increasing number of people [...]
As an attorney neck-deep in defending foreclosures throughout Florida, I am always cynical when it comes to mortgage industry claims that it is doing anything to fix the problem it created. In a bit of unapologetic propaganda, Bank of America recently touted that it has “helped” 100,000 homeowners avoid foreclosure through its National Homeownership Retention [...]
As part of The Worker, Homeownership and Business Assistance Act of 2009 Congress passed an extension to the First Time Homebuyer program. Our “Friends” at the IRS have created a list of ten important things they want you to know about the program. If you are in the market for a new home, according to [...]
