Tag Archives: foreclosure
What is the house with the upside down mortgage worth?
How will the mortgage and credit crisis play itself out? Today’s paper offers a clue: Like many, I’ve wondered how our home mortgage finance system will rebuild itself, and how we will be able to contain problems in the financial system so they don’t infect corporate America, lower profits, and lead to massive layoffs. The [...]
Shifting blame for foreclosures
In today’s WSJ, they quote the Becker-Posner blog: Hardly a day goes by during this housing crisis that the media does not report on families in foreclosure proceedings, or in arrears in repayment on mortgages that had close to zero down payment requirements and low “teaser “ interest rates. The many excuses offered by some [...]
US Trustee’s Office median income – latest table
The latest information from the us trustee’s office median income regarding median family income by family size is here. Updated for cases filed after March 17, 2008. To find out if you qualify to file bankruptcy under Chapter 7, contact a Los Angeles bankruptcy attorney. Credit:
Freedom and Responsibility
I was particularly taken by this opinion piece that touched on the mortgage and housing crisis. A sample interesting quote was: With liberalized credit rules, many people with limited income could access a mortgage and choose, for the first time, if they wanted to own a home. And most of those who chose to do [...]
Why be a Bankruptcy Lawyer?
Every now and then, someone asks me, “why would you want to be a Los Angeles bankruptcy lawyer?” I mean, all of my clients don’t have a lot of money, they have real problems and need help. Actually, that’s the reason: people need help. It’s nice to make a difference in people’s lives. Also, [...] [...]
