The goal of Chapter 7 bankruptcy is to give a debtor a fresh start. After Chapter 7 bankruptcy has concluded, the debtor has no liability for the discharged debts. To provide some immediate relief for debtors, filing for Chapter…more
As a homeowner who has fallen on hard times, you may be finding it difficult to keep up with mortgage payments. You may be afraid of being forced to default on your home loan. You may worry that you could end up in foreclosure…more
HAMP, the federally authorized Home Affordable Modification Program, was instituted by the Obama Administration in June 2012 to help struggling homeowners restructure the repayment terms on their outstanding mortgage debt…more
Allegations that Bank of America has engaged in loan modification and foreclosure malpractice has landed the second-largest U.S. mortgage lender in court, protesting a potential class action lawsuit. The plaintiffs in this case…more
Federal programs like the Home Affordable Modification Program (HAMP) may seem like a godsend to homeowners experiencing financial hardships, but there are hidden fees that every homeowner should understand before signing an…more
Refinancing is usually a good choice for homeowners who maintain high credit scores, qualify for the lowest interest rates, keep sufficient cash on hand and own homes that have retained their value in today’s depressed housing…more
Loan modification and refinancing sound similar. However, confuse the two loan-restructuring processes and you might be in for an unpleasant surprise.
Short sales provide an opportunity for a distressed homeowner to avoid a lengthy foreclosure process. Generally, a short sale is possible if a homeowner owes more on a home than it is worth in today’s resale market, the original…more
Predatory mortgage lending practices have left some homeowners on the verge of foreclosure. To address this problem, regulators in Washington created the Consumer Financial Protection Bureau (CFPB) to regulate banks, credit…more
For those who don’t live in Florida or elsewhere in the Gulf Coast area, understanding the impact of the BP oil spill can be difficult. But for the small businesses and local fisherman that rely on the Gulf to survive, the spill…more
Residents and business throughout Texas, Louisiana, Mississippi, Alabama and Florida have been financially and emotionally crippled by the 2010 BP oil spill. Despite a massive cleanup effort, today, three years later, many…more
The ripple effect caused by the Deepwater Horizon or BP oil spill will undoubtedly be felt for many years. To date, thousands of lawsuits have been filed against BP. A large number of claims are made by businesses and families…more
Are you a business owner affected by the BP oil spill? Or are you an employee whose income has been affected because the oil spill impacted your employer? If so, you are probably frustrated about your lack of compensation. You…more
Loan modifications may result in a reduction of your interest rates, an extension of your mortgage repayment term and a possible reduction of your principal balance. However, do you know what happens after your loan modification…more
There is no greater resource than the advice of a real estate lawyer when you are attempting to get a mortgage refinanced or a loan modified in Florida. A lawyer can provide you with the detailed advice you need to make the best…more
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