My colleague, Jed Berliner, wrote recently about getting stuck with a home that your thought you surrendered in a bankruptcy case to your mortgage lender. Yes, Virigina, the American dream is dead, dead, dead, But there is a way to avoid getting stuck with real estate after a bankruptcy, but it all depends on where [...]
Mortgage Modification
Last time, we talked about how a mortgage modification could screw up your ability to avoid a second mortgage in a Chapter 13 bankruptcy. If your principal balance is lowered on your first mortgage, your second mortgage may survive a Chapter 13. But there are other dangers for Chapter 7 in the mortgage modification settlement. [...]
WHAT: Bankruptcy attorney Chip Parker will join The Honorable Paul M. Glenn, Bankruptcy Judge, and the Chapter 13 Bankruptcy Trustee Douglas Neway to discuss the bankruptcy court’s new Bankruptcy Residential Mortgage Mediation Program. WHEN: January 5, 2012 at 9:00 a.m. EST WHERE: WJCT 89.9 FM or listen live on the internet DESCRIPION: Earlier this month, the [...]
Is there any wonder there is so much discontent in this country? Nationwide, HAMP has been nothing less than a dismal failure for struggling homeowners trying to get some kind of return on the hundreds of billions of dollars dolled out to Wall Street in taxpayer TARP bailout, and our inept Congress has done virtually [...]
