What Is Robo-Signing?

In 2010, robo-signing exploded onto the real estate and legal scene.  Mortgage companies and foreclosure attorneys were taking illegal shortcuts.  Mortgage service providers were filing documents that were falsified, incorrectly signed and executed. Robo-signing is the process where mortgage companies and foreclosure attorneys sign a host of documents without verifying the facts attested to in […]

What Is A Charged Off Debt?

A creditor has the right to control your debt obligation.  A creditor can agree to wipe out the debt at any time.  In some cases, the creditor can agree to charge off debt.  Charged off debt means the creditor makes a declaration that the debt is unlikely to be collected.  It is important to note […]

Book Review: How to File for Chapter 7 Bankruptcy

How to File for Chapter 7 Bankruptcy published by Nolo (www.nolo.com) and written by Albin Renauer, J.D., Robin Leonard, J.D., and Stephen Elias, Attorney, gives an individual thinking about filing bankruptcy checklists on whether the person qualifies for Chapter 7, how to cancel as much debt as possible, the court systems and bankruptcy petition completion, […]

Buying Property at a Foreclosure Sale

What happens when a buyer purchases investment property at a foreclosure sale, and the owner of the property files for bankruptcy? There is much press on foreclosures.  With unemployment striking almost every household, people are not able to pay their mortgages, and their homes end up going up for sale.  Some of the buyers are […]