Tag archive for ‘loan modification’
Mortgage Companies Prepare For Major Wave Of Foreclosures In 2010
by John C. Colwell on 4/15/10 | 0 Comment(s)
While the markets and the general press make positive extrapolations from the small upticks in corporate profits as a sign of economic recovery, the truth remains, it appears, that it’s the housing market that will ultimately drive whether the economic recovery succeeds or fails. It is clear that these times will pass, and that things [...]
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 5 Comment(s)
You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast. You need to file for bankruptcy. Let me say it again for those of you who are still shaking your head. YOU NEED to file for bankruptcy! There, I gave you [...]
Dangers of Unperfected Liens
by Richard Stokan on 1/18/10 | 0 Comment(s)
Liens against real property that have not been recorded or were not timely recorded, can be avoided by a Chapter 7 trustee and present a dilemma for a debtor. See 11 USC 544 and 11 USC 547(e)(2)(B). Once a case is filed, the trustee can assert power over the property of the estate. This means, [...]
Non bankruptcy loan modification is a failure.
by John C. Colwell on 1/16/10 | 5 Comment(s)
Today, the AP is reporting what has been clear to all debtor attorneys for some time, that of the complete failure of the ‘voluntary’ loan modificatin programs. See today’s San Diego Union-Tribune article here: http://www.signonsandiego.com/news/2010/jan/15/obama-mortgage-relief-program-fails-to-deliver/ This article suggests the blame should be placed upon Obama, and to be fair, a good portion of the failure [...]
Santa Barbara BK Ct. increases are ‘average’ and ‘shocking’.
by John C. Colwell on 1/13/10 | 0 Comment(s)
This mornings article from The Santa Barbara News Network http://www.thesbnn.com/?p=3554 examines the significant increases in filings in that area, presumably one that is more affluent, and should be immune to the present economic client. This article clearly shows that the housing crisis has hit mainstream, and the voluntary loan modification program is not working. It [...]
Contact your Congressional Representative in support of loan modifications in Ch. 13
by John C. Colwell on 12/10/09 | 0 Comment(s)
NACBA is sponsoring an email campaign in support of allowing loan modifications in Ch. 13. Currently, this option is being blocked by special interests, when in reality, the option will help keep American families in their homes. Please support our efforts by clicking on the following link and participating in the legislative effort to make [...]
