• Published On: September 23, 2019

    Debt isn’t fun at any age, but it can be especially scary for senior citizens. Seniors normally don’t have regular paychecks coming in, and the bulk of their income may comprise of Social Security checks. [...]

  • HOMEOWNER WIN FIRST ROUND UPDATE: August 28, 2019: Bankruptcy Judge James L. Garrity, Jr. of Manhattan ruled that a plan cannot cut off a homeowner’s defenses and rights of recoupment against someone who purchases his [...]

  • Urban African American neighborhoods are hardest hit as nearly 100,000 loans have failed. 6/2019 By Nick Penzenstadler and Jeff Kelly Lowenstein, read extensive report – article from USA TODAY Reverse mortgages – thousands of seniors, [...]

  • WARNING TO THE WISE: Never do a short sale, deed in lieu of foreclosure, allow a trustee’s sale, or a foreclosure to go forward without first obtaining both legal and tax advice. You cannot undo [...]

  • On May 24, 2018 a permanent extension of the “Protecting Tenants at Foreclosure Act” (PTFA) was signed into federal law.  The PTFA enables renters whose homes were in foreclosure to [...]

  •   Your home is your most valuable asset. Over the last 30+ years of helping people file for bankruptcy protection the most concern by homeowners is if they will lose their home.  My [...]

  • In re Sundquist v. Bank of America, Case No. 10-35624 (Bankruptcy court, E.D. CA. 1/18/18) Bank of America, with a gun to the Sundquists’ heads… This motion to dismiss began as a hostage standoff. Bank [...]

  • Published On: February 15, 2018

    Reprint from Lexology, by Richard Crouch: Vandeventer Black LLP    USA February 14 2018 Looming maturity dates (for which borrowers are not prepared to pay the remaining balance) or other monetary defaults of numerous commercial [...]

  • Published On: August 24, 2017

    CFPB REPORT WARNS THAT TAKING OUT A REVERSE MORTGAGE LOAN CAN BE AN EXPENSIVE WAY TO MAXIMIZE SOCIAL SECURITY BENEFITS Reprint from The Consumer Financial Protection Bureau (CFPB) (8/24/2017)  CFPB issued a report warning older [...]

  • Nationstar Mortgage fails to report accurate mortgage transactions Nationstar to pay 1.75 Million for failure to report accurate loan data. The Consumer Financial Protection Bureau (CFPB) took action against Nationstar Mortgage LLC for [...]

  • Fannie Mae clearing books of non-performing loans. Is this the beginning of a new foreclosure cycle? Why Do Some Law Firms Act Like Used Car Sales Lots? According to Bloomberg News: Fannie Mae will begin [...]

  • Published On: September 3, 2013

    A Rule change lets certain borrowers who have gone through a foreclosure or bankruptcy, but have repaired their credit, become eligible for FHA mortgage in one year. The answer is "yes" The Obama administration wants [...]

  • Published On: August 18, 2013

    Seniors need to be very careful about reverse mortgages, warns the Consumer Financial Protection Bureau. Reverse mortgages not being used the way Congress intended. In the summer of 2012 the Consumer Financial Protection Bureau (CFPB) [...]