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climate change and foreclosure
18
Feb

Climate change poses an imminent threat to the mortgage industry. In recent years, extreme storms, natural disasters, and precarious shifts in climate are damaging homes in areas where borrowers might not have invested in flood or fire insurance. According to CoreLogic, mortgage delinquencies on damaged homes increased more than 200% (source). With the prediction of stronger storms and more extreme weather... Read More

14
Feb

Have you ever closed your eyes and wondered what it would be like to be able to retire immediately? It is ok. The fact that you are reading this blog might mean that you harbor a secret (or not so secret) desire to do so. You can admit it. Don’t worry. I promise I will not say a word to... Read More

13
Feb

Missed Mortgage Payments? What’s Next?

Published by Loan Lawyers

If you fell behind on mortgage payments, chapter 13 bankruptcy may help. Chapter 13 bankruptcy was designed to help homeowners catch up on payments and potentially keep their homes. Immediately upon filing bankruptcy, a protection referred to as the Automatic Stay takes effect, shielding debtors (this is how the court refers to people who file) from collection efforts of creditors. ... Read More

6
Feb

In our connected world, social media is omnipresent and many people post frequent updates of their daily activities, family events, likes and dislikes on almost every possible topic. We can create a significant online biography by just posting regularly.  Social media can be a wonderful platform to connect with friends, family, and new people through an almost endless number of... Read More

government shutdown
4
Feb

After being named the longest government shutdown in history, the government finally opened its doors back up temporarily until February 15th–pending approval of budgetary needs for the President’s wall-funding request. During this tumultuous shutdown, many federal workers went without pay. Approximately 800,000 workers were furloughed, and according to Inman–leading news source for real estate agents–these workers owe about $438 million... Read More

1
Feb

At Loan Lawyers, we have used the Fair Debt Collection Practices Act (FDCPA) to great effect to protect members of the public from harassment by debt collectors, mortgage companies and mortgage services, As the FDCPA states, its purpose is to “eliminate abusive debt collection practices by debt collectors, to ensure that those debt collectors who refrain from using abusive debt... Read More

21
Dec

Financial problems are one of the leading causes of divorce in America. It is not hard to see how money issues and debt cause stress, and stress is, without a doubt, harmful to any relationship. Not all debt is caused by mismanagement of money, but clashing money management styles can certainly lead to many arguments and ultimately be quite harmful... Read More

18
Dec

A monetary judgment once entered, gives the judgment creditor the right to seek to collect the amounts due. After the entry of the judgment[1], the creditor in many cases, may not make an immediate attempt to collect or may go a long time without making any collection effort. Lack of collection activity does not mean, however, that the judgment is... Read More

Bankruptcy
11
Dec

Repaying Creditors Prior to Bankruptcy

Published by Loan Lawyers

It is commonly believed that consumers tend to show long-term loyalty to the first company that offers them a credit card. It may be for this reason that college campuses have become prime grounds for credit card companies to entice students into debt. In circumstances where the default is being contemplated, loyalty to one creditor over the other may translate... Read More

fraudulent accounts
7
Dec

In this era of data breaches and stolen identity, it is not uncommon to receive the dreaded call or letter stating that someone has opened a credit card or line of credit in your name. While informing the creditor that the account does not belong to you is a necessity, it is not the only necessary step. Commonly, after an... Read More