A second mortgage lien in the wife’s individual Chapter 13 bankruptcy case has been stripped by a Court, even though the mortgage and lien were in the name of the wife and her non-filing husband. Eastern District of Michigan bankruptcy Judge Rhodes wrote the opinion, finding the debts totally unsecured. In each case, it was [...]
real property law
Just because you have not been foreclosed on yet, does not mean you will be getting a mortgage modification. image by: dreamstime Foreclosures will be increasing again, as the freeze on foreclosures by Fannie Mae and others has ended. Having further depressed the housing market with all the foreclosures already completed, mortgage companies appear to [...]
image credit: dreamstime One of the many problems with Mortgage loan modifications is, the bank virtually always forces homeowners to give up their rights, under consumer protection laws, to sue the mortgage company. In other words, say there were Truth in Lending law violations committed against you by your mortgage company. Now, in order [...]
Yes, mortgage foreclosures predicted to increase, to 16% of all homes with mortgages, by the end of 2012. All the more reason bankruptcy reform is needed now, as advocated in this post by Kansas bankruptcy attorney Jill Michaux. Horrible ARM mortgages were being written through June of 2007. I know because I had a client [...]
Predatory lending has really become an important topic, filtering into the mainstream. Mitchell A. Kamin, CEO of Bet Tzedek Legal Services, recently gave Dear Abby these tips to avoid predatory lending: Seniors can do several things to avoid being taken advantage of. First: Any senior facing financial problems should confide in family and friends. Each [...]
