by James Robert Deal | Oct 2, 2015 | Foreclosure, short sale
Sean has a problem with his condo. Sean moved out years ago. He continues to rack up condo dues at the rate of $300 per month. Sean is overloaded with credit card and medical debt, and creditors are threatening to sue. Sean’s condo is “under water”,...
by James Robert Deal | Jan 9, 2014 | Real Estate Broker
No Minimum Time Length For The Ninth Circuit by Bankruptcy Law Network (BLN) Written by Michael G. Doan Thanks to http://www.bankruptcylawnetwork.com/chapter-13-no-time-length-for-the-ninth-circuit-part-1-of-2/ Chapter 13: No Minimum Time Length For The Ninth...
by James Robert Deal | Jul 16, 2012 | Real Estate Broker
Can I keep a credit card out of my bankruptcy? by Chip Parker, Jacksonville Bankruptcy Attorney Can I keep a credit card out of my bankruptcy? The Bankruptcy Code requires a debtor to list all creditors in his bankruptcy schedules. However, a “creditor” is typically...
by James Robert Deal | May 22, 2012 | Principal Reduction
Current law relieves mortgage debtors from having to report forgiveness of mortgage debt through principal reduction as income – even if the mortgage debtor has gotten a discharge on the mortgage through bankruptcy. However, this law expires at the end of 2012....
by James Robert Deal | Jun 24, 2010 | Foreclosure, Mortgage Modification, Principal Reduction
Read the Hamp Handbook here. It will answer a lot of questions. Lenders may but are not required to reduce principal balances in a modification down to 115% of the principal balance owing. Lenders may not foreclose on a borrower who is in the process of modification...
