Medical debt has driven thousands of Americans into filing for bankruptcy, even more than credit card debt. This is easily understandable considering how expensive even seemingly basic medical procedures can be. This being the case, more and more individuals with high medical debt are asking bankruptcy attorneys whether such debt is dischargeable through filing for […]
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Can I inherit someone else’s debt?
In some situations, yes, you could be required to pay certain debts a recently deceased individual had incurred. This information can certainly cause anxiety to a person who has already lost someone close to them. You need to know what debts you could be held responsible for so you can adequately prepare for them by […]
New Report: Mortgage Default Risk Remains High
A new report issued by the American Enterprise Institute indicated that the national mortgage default risk remained high in March, even though it dropped slightly from February. The group’s National Mortgage Risk Index (NMRI) measures the percentage of homeowners who would default on their mortgage in the event of another economic crisis. The AEI’s International […]
Using Bankruptcy to Eliminate Credit Card Debt
Using Bankruptcy to Eliminate Credit Card Debt Have you fallen so behind on your credit card debt that you just cannot get them paid? If so, continuing to struggle is the worst thing that you can do. The way the current debt system is set up by companies is meant to keep you in the […]
California Foreclosure Rates: Good from Far, Far from Good.
California foreclosure rates are falling from last year but there’s still a long way to go to reach national averages. The state has worked through much of the backlog of foreclosures, with every foreclosure attorney in Los Angeles and Orange County hustling to help distressed homeowners salvage their freedom. There’s still a lot of work […]
Leaner Fannie Mae Regulations Mean Healthier California Home Prices
A streamlined approach for processing short sales and deed-in-lieu went into affect on November 1. Fannie Mae announced the new measure to help, “stabilize neighborhoods.” This may encourage homeowners looking to avoid or stop foreclosure in Los Angeles and other Southern California markets. Providing a better resource for any Los Angeles short sale attorney, the […]
Is Wall Street cherry-picking housing data to pump up stock prices?
Clearly Wall Street has an interest in any housing rebound. The question Southern Californians need to ask is, are the realities on the ground consistent with the news? A sustained rebound will create opportunities for a homeowner on prime real estate. It also generates options for any loan modification attorney in Los Angeles and the […]
Instead of winding down, Fannie Mae and Freddie Mac are growing.
As recently as August, mainstream news outlets reported that Fannie Mae and Freddie Mac were to be wound down. The Treasury announced a plan that would return more profits from the government sponsored enterprises (GSEs) to the federal government and scale back their investment portfolios. Michael Stegman of the Treasury called the initiative, “the next […]
If you are facing foreclosure, learn why you need to know if your state is judicial or nonjudicial.
As those seeking foreclosure help in Orange County or Los Angeles may know, California is considered a nonjudicial state. Across the country, states are classified as judicial or nonjudicial based on how their foreclosures are processed. Many states process one-way or the other. California is a state that permits both. A judicial foreclosure is processed […]
Have California housing prices bottomed out? Analysts believe there’s still room to go lower.
Analysts continue to offer different perspectives on the health of the California housing market. Are we in a sustainable recovery or a temporary spike? Clearly, every borrower, homeowner and Los Angeles foreclosure attorney is looking for answers. The data is still open to interpretation though. Many variables will affect a potential rise in local home […]