This post comes from a guest poster – it focuses on the UK market…
Applying for the best buy to let mortgage will require you to plan ahead and make some decisions about your investment before you visit the lender. Buying property to rent out to others is a great way to make money, but only [...]
What happens when people “walk away” from their mortgages?
This is a big issue these days considering how many people have been doing just that…
Read the answer to this question here…it’s in SF Gate:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/18/REBC16QC9C.DTL
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Is there going to be a spike in bankruptcy filings?
More than 1 million households would benefit from seeking protection from creditors under a proposed law that would let bankruptcy judges modify mortgage terms, the Congressional Budget Office said.
Read the entire story here:
http://www.bloomberg.com/apps/news?pid=20601103&sid=a9lhi.q6L_wg&refer=us
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Also tagged bankrupsy, bankrupsy discharge, bankruptcy chapter 7 law, bankruptcy hearing, Bankruptcy information, bankruptcy law, chapter 7, chapter 7 bankruptcy chapter 13, chapter 7 bankruptcy rules in, court, filing for personal bankrupsy, how to file for bankruptcy, legal, mortgages, notes, personal bancruptcy, search
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From the New York Times…
Take a look at this:
…bankruptcy judges are finding that institutions claiming to hold the notes that back specific mortgages often cannot prove it.
Click here for the rest of the story:
http://www.nytimes.com/2009/03/01/business/01gret.html
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Also tagged bankrupsy cases, bankrupsy courts, bankruptcy, bankruptcy attorneys, bankruptcy hearing, bankruptcy laws chapter, bankruptcy laws for chapter 7, bankruptcy lawyer chapter 7, bankruptcy news, bankruptcy personal, bankruptcy website, chapter 13 bankruptcy discharged, chapter 7 bankruptcy laws, credit fix, foreclosure attorney, mortgage mod, nyt
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Saturday, February 28, 2009
And now a 3rd follow up article!
…the U.S. House of Representatives could consider bankruptcy reform, with heavy lobbying expected from financial service industry executives who oppose letting judges lower the principal owed on home loans
, The Washington Post (NYSE:WPO) reported Saturday.
http://www.upi.com/Top_News/2009/02/21/House_to_consider_bankruptcy_reform/UPI-34281235243216/
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Also tagged bankruptcy plan, chapter 7 bankrupsey, filing bankrupcy, foreclosure & bankruptcy solutions, foreclosure v bankruptcy, how to stop foreclosure, mod, modification, mortgage bankruptcy, obama, stop foreclosure, the difference between bankruptcy and foreclosure
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