In fall of 2005, Congress made a new law that was supposed to keep some people from abusing the bankruptcy system. Congress though that people were purposefully charging a large amount on a credit card with no intent on paying any of it back. Congress then proceeded to push through a bankruptcy law to supposedly […]
Entries from June 2008
Bankruptcy Laws Prove Low Impact
June 20th, 2008 · No Comments
Tags: Boca Raton Bankruptcy Attorney · Boca Raton Bankruptcy Lawyer
Major Housing Reform Planned by July 4th
June 10th, 2008 · No Comments
Legislation designed to help hundreds of thousands of people who are facing foreclosure is on track to go to the White House by July 4th.
The legislation creates a $300 billion federal mortgage insurance fund that could save, potentially, 500,000 borrowers from foreclosure. The fund would require that participating lenders erase some of the original loan […]
Tags: Boca Raton Bankruptcy Attorney
Mortgages in Foreclosure Jump
June 5th, 2008 · No Comments
The number of mortgages in any portion of the foreclosure process jumped in the first three months of the year. Both the percentage of loans in foreclosure as well as the rate of foreclosure starts reached levels which hadn’t been seen since 1979, according to the Mortgage Bankers Association.
Overall, 2.47% of all mortgages were in […]
Tags: Uncategorized