Monday Morning Mandatory Mortgage Meltdown Message
Chapter 13, Foreclosure, Modifications, Short SalesThis blog post is brought to you by the letter “M.” I read a post earlier this month that got me thinking about how homeowners are going to manage their changing budgets when their mortgages adjust. This article, by Bill McBride (@calculatedrisk) explained that nearly 2 million mortgages that were modified are due to face […]
Chapter 13 Lien Stripping Your Undersecured Second Mortgage
Chapter 13My partner, John Greifendorff and I appeared yesterday on Real Estate Radio with Ron Siegel again and briefly discussed the issue of lien stripping. The legal term used is ‘lien avoidance,’ and your lawyer’s work is completed through either a motion or adversary complaint filed with the court in your bankruptcy case. Effectively upon order […]
When Should You Walk Away From Your Mortgage
Bankruptcy Law Overview, Chapter 13, Chapter 7, Foreclosure, ModificationsOver on MSN Money, Liz Pulliam Weston wrote an article entitled, “Are You Foolish to Pay Your Mortgage?” I get asked this question all the time, is it worth it to keep my home? I’m passionate about this subject on behalf of my clients, whom I advise whether filing bankruptcy is in their best interests […]
