Personal bankruptcies up 41 percent
MSNBC.com is reporting on the increase in personal bankruptcy filings.
Entries by Scott Lanin
Forbearance Alternatives
The NY Times has an article in tomorrow’s paper about forbearance agreements. I have helped clients with these for many years. Here’s the article.
Home Affordable Mortgage Program (HAMP) – Postponing The Sale
If your mortgage loan is scheduled for foreclosure soon, what should you do? Under HAMP, many servicers have made a commitment to postpone foreclosure sales on all mortgages that meet the minimum eligibility criteria for a Home Affordable Modification until those loans can be fully evaluated. If you are approaching a sale date and want […]
Hyde Park Seminar – Bankruptcy Judges Discussed Loan Modification and Foreclosure Crisis
On 9/11/09, I attended the annual bankrutpcy seminar at the FDR Library in Hyde Park New York. A panel of local Bankruptcy Judges discussed many issues that affect my firm’s clients, including loan modification, foreclosure and Chapter 13 bankruptcy. All of these are topics I have written about many times before – readers may want […]
Brooklyn Judge Rejects Foreclosures
The NY Times has an interesting article on Justice Schack who has a reputation for requiring lenders to submit legitimate proof in foreclosure actions. He has tossed out 46 of the 102 foreclosure motions that have come before him in the last two years. Here is the article.
Mortgages Underwater
Its interesting that the NY Times has an article on mortgage debts being underwater just one day after I posted my article on lien stripping in Chapter 13 cases. Here is the NY Times post.
You Can Modify Or Lien Strip Your Wholly Unsecured Second Mortgage In Chapter 13 Under The Current Law
In this down real estate market and troubled economy, I think it is worth reminding homeowners of my blog post from this past March 09′ regarding lien stripping: You Can Modify Or Lien Strip Your Wholly Unsecured Second Mortgage In Chapter 13 Under The Current Law Homeowners with a second mortgage that is completely underwater […]
Why You Should Never Call A California Mortgage Loan Modification “Consultant” For Legal Help
Here is a special ethics alert on the growing problem of California “loan consultants.” [Hint: There is no such thing as a “loan consultant.” This is someone with a nice website who typically made money making bad loans a few years ago who now wants to make money modifying them and to engage in the […]
Mortgage Modifications And Servicer Abuses
The AP is reporting on mortgage servicer abuses and how it affects the government’s loan modification programs. Here is the story. MSNBC.com is reporting on the slow pace of loan modifications. Despite this, mortgage loan modifications remain a very viable alternative. My law firm is working on many of these right now to try to […]
New Government Lifeline For Underwater Mortgages
The NY Times is reporting that the government has a new mortgage program for underwater mortgages. Here is the article.