A “short sale” is a real estate transaction in which a home seller’s mortgage lender agrees to accept a payoff that is less than the amount owed on the mortgage.
The oldest legal approach to debt collection abuse is an action in tort. There are distinct advantages and disadvantages to a tort approach to abusive debt collection conduct.
One of the best sources of intelligent information on bankruptcy and related topics is a blog by a bunch of law professors called Credit Slips, “A Discussion on Credit, Finance and Bankruptcy.” (Well, OK, it can get a little heady, but they’re professors, after all.)
Here in California, the first thing you do is realize that the date on the last page of the papers that were served on you is not the date you are supposed to appear in court!
Is rabid partisanship and campaign money dominating national politics today? It’s mild compared to the pistol duels and banking rivalries of our founding fathers.
The last minute pull back from the fiscal cliff had some good news for homeowners who are currently short selling or planning to short sell their house. As part of the tax package, Congress extended the Homeowners Mortgage Debt Relief Act for one year.