ATTOM Data Solutions manages one of the largest property databases in the country. In January of 2017, it released its Year-End 2016 U.S. Foreclosure Market Report indicating the number of foreclosure filings in the United States. The information in ATTOM’s annual report is based on publicly recorded and published foreclosure…
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In January of 2017, ATTOM Data Solutions, which manages one of the largest property databases in the country, released its Year-End 2016 U.S. Foreclosure Market Report tracking the number of foreclosure filings in the United States. The information in ATTOM’s annual report is based on publicly recorded and published foreclosure…
For homeowners that fall behind on mortgage payments and are nearing default of their mortgage loan, the possibility of foreclosure by the mortgagee-lender looms mightily. In Florida, foreclosure is accomplished by the initiation of a judicial proceeding to recover the collateral secured by the mortgage. Typically, the end result of…
Discharging income taxes in bankruptcy will not remove a tax lien which existed prior to the filing of a bankruptcy case. Such a lien is still valid and may not be discharged unless the lien is paid in full or some other resolution is negotiated with the IRS. To determine…
The amount of equity in a motor vehicle is a large factor in determining whether a bankruptcy trustee may take a motor vehicle to repay general, unsecured creditors. If the equity in a car is minimal, then a chapter 7 trustee will typically not sell it. However, if the equity…
Debtors primarily file Chapter 7 bankruptcy cases for the purpose of obtaining a discharge or release of the obligation to repay a debt. A discharge order at the end of a Chapter 7 case cancels or erases a debtor’s personal liability for most debts. The reaffirmation of a debt in…
While a Chapter 7 bankruptcy case discharges personal liability on a car loan, it does not extinguish or avoid the lien on the property. When a motor vehicle is not owned free and clear and is the collateral for a car loan, a second choice for keeping it in a…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in…
Often, one person files bankruptcy but another person, like a spouse, chooses not to file a bankruptcy case although liable for some or all of the debts. Many prospective debtors, especially married couples, often consider other alternatives to jointly filing a bankruptcy case. Only legally married couples may file joint…
