Category Archives: foreclosure defense
Modification of Mortgage in Chapter 13 Bankruptcy
There are many mortgage borrowers struggling to make their monthly loan payments and falling behind in their payments. The Tampa Division of the Florida Middle District Bankruptcy Court has devised a mortgage bailout program formally named a mortgage modification mediation program under Chapter 13 bankruptcy. This program is intended to help borrowers to obtain a modification of their mortgage or… Read More »
Are people who file for bankruptcy “using the system”?
As a bankruptcy attorney, I was asked by a criminal law attorney whether I thought people were acquiring debt with the intention of discharging it in bankruptcy. I assured this attorney that this was NOT the case. The overwhelming majority of clients we have had and have are devastated by having to file for… Read More »
States to Unveil Joint Probe Into Foreclosures
If the states have their way, mortgage companies will have to revamp the way they handle foreclosures, pay penalties for violations and expand help to homeowners on the verge of foreclosure. The top law enforcement officials of states around the country are already weighing the outlines of a potential settlement with the industry, said… Read More »