Category Archives: Chapter 13 Bankruptcy

Detroit Chapter 13 Bankruptcy and Second Mortgages

Even though the mortgage and lien were in the name of the husband and wife,

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Judicial Mortgage Modification Lives! Nope, Voted Down Again

The House Rules Committee just minutes ago agreed to allow the bankruptcy modification amendment to be considered on the House floor as an amendment to the broader financial services reform bill AS EARLY AS THIS AFTERNOON!! 1. Phone toll free at: 877.354.4958 2. Put in your zip code 3. When you reach the receptionist: State your name Say that you ...

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Judicial Mortgage Modification At The Brink

Senator Dodd is saying it is time to fish or cut bait on the judicial mortgage modification, or cramdown, bill, that is sitting in the Senate. Click on this link to tell ...

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Judicial Mortgage Modification: Cost

Not much!  Especially compared to the trillions of our bucks Uncle Sam has thrown to Wall Street. I think even this $27 per year per family for five year estimate is high. Judicial Mortgage Modification

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Judicial Mortgage Modification Bill Stalled in the Senate

Judicial mortgage modification

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Chapter 13 Reform Bill

I usually call this judicial mortgage modification, same bill. USA Today did a story featuring quotes from Matt Mason, who led the Michigan NACBA delegation through the halls of Congress last week. test

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Foreclosures Increase

Center For Responsible Lending has a ticker tracking total foreclosures in the U.S. for 2009, new one every 13 seconds. Chapter 13 bankruptcy reform is the way to address this crisis NOW. (link is to the proposed legislation) I will be in Washington DC Tuesday to personally lobby Congress, with about 150 of my ...

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Hope for Homeowners Joins Bankruptcy Reform Effort

The Hope for Homeowners Program brought to you by your federal politicians last year has produced zero, yes none, yes, as in not one mortgage modification, just slightly short of the 40,000 predicted, as the fastball described by Bob Uecker in "Major League" was "just a bit outside." Never one to let failure affect its programs, ...

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Home Foreclosed? Just Stay There, Says Ohio Congressperson

Foreclosures continue, up 158% over last year, modifications are difficult, the Chapter 13 bankruptcy law has yet to be reformed, what to do? Just stay in your foreclosed home says one of our politicians. There are foreclosure defenses. In ...

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Update-Chapter 13 Bankruptcy Reform

Bill passes House Judiciary Committee, you can read it here. What is now happening in Detroit, Michigan, is that foreclosed homes are being given away by New Century, which sold 60 homes for $60.00. That is right, 1$ per home. Someone studied the records, came in and said I will take them off your hands. Sure, ...

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