Archives for Real Estate and Bankruptcy

No Loan Modification for You! Failure of a program.

January 17, 2012

A great explanation of why the HAMP Program is a failure, and why so few loan modifications are given. The servicers have more incentives to foreclose becausethey get more fees. Call our office to discuss your loan modification. See the article: http://www.bankruptcylawnetwork.com/no-modification-for-you-2/ Daniel J. Winter
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Top Five Reasons Loan Modifications are so Rarely Given

August 23, 2011

Top Five Reasons Loan Modifications are so Rarely Given 5..  The banks and lenders don’t care:  The banks will announce in their ads that they are on your side.  They really are not. They are on their side.  They have procedures in place, and a
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How to “Walk Away” from a House in Bankruptcy

August 22, 2011

We’ve all heard about people just “walking away” from their houses with the way the housing market has been lately. I wrote an article about the pitfalls of the “strategic defaults” so many people have been writing about. If a person decides that the house
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Countrywide Customers to Get Settlement from Overcharges

July 22, 2011

Courts are taking note- the lenders have been overcharging customers once they are in default or foreclosure and have filed improper claims in bankruptcy– you may be getting money back. The important thing is that courts are paying attention! We review each bankruptcy claim to
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What about those “Strategic Defaults”? Should I do that?

May 29, 2011

In the Chicago Tribune recently(see the link above) the writer suggests that the issues facing homeowners who are “underwater” on their house value are whether it is moral to just walk away from a house that they supposedly can afford. The author mentions this as
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