Mortgage Modification

24 Apr The Reverse Mortgage. What You Need To Know!

There is a familiar expression:  "The road to Hell is paved with good intentions!" I'd like to think that the individuals that came up with the concept of the reverse mortgage had good intentions.  The reality I see in my bankruptcy practice is elderly people, who are...

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19 Jun Another Appeals Court Approves 2nd Mortgage Stripping in Chapter 20 Cases

The U.S. Court of Appeals, Eleventh Circuit, ruled that in a chapter 13 case filed within four years of a previous chapter 7 case (a so-called "chapter 20"), the chapter 13 plan could strip a completely unsecured junior mortgage. Wells Fargo Bank v. Scantling, No....

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04 Apr Your House Is In Foreclosure: What Should You Do? Part Two

In Part One, I discussed some of the options you may consider when your house (or other property) is in foreclosure, namely mortgage modifications and short sales. This post will focus on whether a deed in lieu of foreclosure, or a Chapter 13 bankruptcy may...

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14 Jul 7th Circuit Splashes Cold Water on Chapter 7 “Lien Stripping” Hopes

Over the past dozen or so years, the bankruptcy process known as chapter 13 lien stripping has become universally accepted by the courts. Recently, advocates of lien stripping have expanded their efforts in the next logical direction: gaining judicial recognition of lien stripping in chapter...

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