Who is Liable on Business Credit Cards?
Business credit cards and the individual bankruptcy case by Cathy Moran, California Bankruptcy Lawyer Small corporations may have their names on the shareholder’s credit card, but likely are not...
View ArticleMERS Loans In Washington Must Now Be Foreclosed Judicially
MERS Loans In Washington Must Now Be Foreclosed Judicially In Bain vs. MERS, August 16, 2012, the Washington Supreme Court states: A plain reading of the statute leads us to conclude that only the...
View ArticleMisconceptions About Modifications
Read Richard Fonfrias on Seven Costly Misconceptions About Mortgage Loan Modifications:...
View ArticleOCWEN – Principal Reductions – 2% Rate
OCWEN Principal Reduction: We negotiated a $93,000 principal reduction for this couple, provided they remain current on their payments for three years. The rate is 2.0% fixed for 25 years. Read the...
View ArticleMidland Mortgage Modification
We negotiated a good deal for Dennis and his wife. They went from a 9.5% rate to 2.0% for five years, then 3.0% for a year, and 3.875% for the balance of the loan. They also got a $24,000 principal...
View ArticleSuccessful EMC Modification
We have several modifications going with EMC. So far EMC seems to be reasonable to work with. Meanwhile, EMC is being sued. A young couple came to us with a 7.0% negative amortization EMC loan. We were...
View ArticleSuccessful Citi Modification
On this modification with Citi there was no principal reduction because the property was not underwater. However, the interest rate was reduced from 6.375% to 2.0% for five years, 3.0% for one year,...
View ArticleList Your Lawsuit When You File BK
What Happens When a Debtor Forgets to Schedule a Personal Injury Suit Thanks to Long Island Bankruptcy Blog Posted on Tuesday (August 21, 2012) at 3:43 pm to Bankruptcy Practice Chapter 7 Bankruptcy...
View ArticleGMAC Modification Makes Contractor Happy
8-31-12 VZ is a hardwood floor layer and general contractor. His business tanked when the Great Recession set in. He got behind on his home mortgage. Payments were high at 7.8%. However, in 2010 his...
View ArticleModifying Loans on Rental and Commercial Property
Under HAMP Tier 2, the Making Home Affordable program was extended to cover one to four unit residential rental properties. HAMP Tier 2 went into effect June 1, 2012. The government realized that...
View ArticleStill No Justice for Mortgage Abuses
Still No Justice for Mortgage Abuses September 1, 2012 Thanks to New York Times It has been six months since the big banks settled with state and federal officials over evidence of widespread...
View ArticleNew Federal Rules on Foreclosure
New Federal Rules on Foreclosure —By Erika Eichelberger – Thanks to Mother Jones On Thursday, the Consumer Financial Protection Bureau, the federal consumer watchdog set up by the Dodd-Frank financial...
View ArticleForce Placed Insurance
How to avoid getting sucked into a force-placed insurance fight CFPB enforces 5 standards. Know them. March 18, 2014 Thanks to HousingWire.com Jacob Gaffney Force-placed insurance is a controversial...
View ArticleZombie Foreclosures
CFPB: Zombie foreclosures hurt borrowers The Consumer Financial Protection Bureau is keeping an eye on “zombie” foreclosures, which it worries cause “direct borrower harm,” according to a CFPB...
View ArticleServicers Make More Money By Modifying Than By Foreclosing
Thanks to Martin Andleman and Mandleman Matters Why Does Ocwen Want to Modify Loans? Answer: Because they profit by doing so. In case you haven’t noticed, over the last month or so there’s been an...
View ArticleReverse Mortgages – Good Not Bad
Most Seniors Should Consider the Reverse Mortgage From Martin Andleman What’s WRONG with Richard Cordray of the CFPB? Tell Me How Can This Happen?Posted: 23 May 2014 04:15 PM PDTSo, why does Cordray...
View ArticleLegal Counsel To Buyers, Sellers, Brokers
Counsel to Real Estate Buyers and Sellers Purchase and Sale Agreements Written and Reviewed by James Robert Deal, Attorney Almost everyone who buys or sells real estate in New York sees a lawyer. Few...
View ArticleLease-Option Deals Open Doors
LEASE-OPTION AND LEASE PURCHASE DEALS A lease-option or lease-purchase deal is a form of seller financing. With the lease-option deal, title stays in the seller until the buyer refinances or resells...
View ArticleI Help Brokers Do Seller Financed Deals
Attorney James Robert Deal helps brokers structure seller financed real estate transactions. The post I Help Brokers Do Seller Financed Deals appeared first on Mortgage Modification Attorney.
View ArticleSeller Financing – The Original Financing
AN ABBREVIATED HISTORY OF CREATIVE FINANCING The first forms of financing was seller financing. The buyer would buy personal property or real property and pay the seller on an installment basis. Over...
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