I don’t exactly get all of my news from msnbc, but I enjoyed this article. It highlights some of the ongoing problems with foreclosures, ongoing questionable behavior by lenders and servicers, etc. Didn’t the banks say they were cleaning up their act? I thought I saw that somewhere ….. Foreclosure Factory Article (Note – you [...]
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Does getting past the means test on Bankruptcy Form 22A get you into a chapter 7 bankruptcy without further consideration? In most cases the answer is yes, but in some cases the bankruptcy trustee may challenge the chapter 7 petition (and then seek to have the case converted to chapter 13 or dismissed) if Schedule [...]
Read MoreShould I do a short sale, or just let the bank foreclose? We’re asked that question more times than we can count. What’s the answer? Well, I hate to sound like an attorney, but the answer is “it depends”. It depends on a variety of factors that are specific to each person’s situation. In other [...]
Read MoreThe New York Times recently published an interesting article on the growing number of people that walk away from underwater homes. (When I say “underwater” I mean a home with loans that exceed value.) You can find the article here, but the gist of it is that an increasing number of people who have the [...]
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