Monthly Archives: October 2011

‘Mortgage Prof’: 5 Reasons Banks Would Rather Foreclose

“Why won’t the bank just reduce the amount of my loan instead of taking my home and then selling it to someone else for way less than I would have been happy to pay?” It’s a question that gets asked … Continue reading

Posted in 2nd Mortgage, Forclosures, loan modification, mortgage | Comments Off on ‘Mortgage Prof’: 5 Reasons Banks Would Rather Foreclose

Foreclosure activity up, with a lot more on the way

By Jane Hodges MSNBC.COM   Foreclosure filings increased during the third quarter of 2011, marking the first quarter they rose since the fourth quarter last year, according to data released today by RealtyTrac. Banks filed default notices, scheduled auctions, or repossessed … Continue reading

Posted in California, Chapter 13, Default Notice, Forclosures, REO | Comments Off on Foreclosure activity up, with a lot more on the way

Can I pay off my Ch 13 plan after completing at least 36 months?

If you were required to be in a 60 month plan because of your income, you generally cannot shorten the term of the plan unless you pay 100% of the allowed claims which were filed. You will want to check … Continue reading

Posted in Chapter 13, chapter 7, unsecured | Comments Off on Can I pay off my Ch 13 plan after completing at least 36 months?

Overview of a Chapter 13 Case

Chapter 13 cases can be very complex and the procedures can be confusing and complicated. Make sure that you choose an attorney who has experience in Chapter 13 cases in the area where you live. I have been representing Chapter … Continue reading

Posted in 2nd Mortgage, Bankruptcy, Chapter 13, chapter 7, Susan J Salehi | Comments Off on Overview of a Chapter 13 Case

LEARN HOW TO STRIP OFF AN UNSECURED 2ND MORTGAGE ON YOUR RESIDENCE

  It is possible to strip off an unsecured 2nd (and 3rd) mortgage on your residential real property if the property is currently valued at less than what you owe on the first mortgage as of the date your case … Continue reading

Posted in 2nd Mortgage, Chapter 13, chapter 7, twitter, unsecured | Comments Off on LEARN HOW TO STRIP OFF AN UNSECURED 2ND MORTGAGE ON YOUR RESIDENCE