Bankruptcy clients of the month: Parents. Specifically, parents with adult kids that need monetary help. I seem to be seeing a lot more people whose adult children have moved in with them. As the economy grows worse, children seem to be moving home in greater numbers. The parents I am seeing are seniors living on fixed incomes, or people who are earning just barely enough money [...]
February 2011
As a bankruptcy lawyer, I have often advised clients not to bother with a short sale if they’re filing bankruptcy. They are such a headache, and what is the point anyway? The bankruptcy discharge will wipe out the debtor’s obligation on the house. However, Jacksonville real estate lawyer David J. Heekin, Esquire sat down with [...]
Recently, a colleague of mine was given a letter from a client. She had received it from a law firm, and it said: Dear Borrower: We are your mortgage company’s lawyers. We are attempting to reproduce certain loan documents that are now missing from your loan file. Enclosed you will find a Loan Security Agreement. [...]
In recent months, I have seen a decided increase in the number of mortgage deficiency claims. A deficiency claim, as you may know, represents the difference between the outstanding balance on a mortgage note and the fair market value of a piece of property. In Georgia, where I practice, real estate values have traditionally gone [...]
Of course you love your sweetie. Honeybunches is your best baby. And I’m sure that snookums is true blue to you in every way. Have you checked your credit? Financial infidelity is a leading cause for divorce, not to mention bankruptcy. For better or worse, your marriage is a financial partnership as well as a [...]
