Category: Predatory Lending
By Wendell Sherk, Missouri Attorney
closeAuthor: Wendell Sherk, Missouri Attorney
Name: Wendell Sherk
Email: wjsherk@alum.wustl.edu
Site: http://www.stlbankruptcy.com
About: I have been a consumer attorney since 1989. Our firm represents consumers almost exclusively, primarily but not exclusively in bankruptcy court. My partner and I have each represented bankruptcy trustees as well as creditors. If you live in Eastern Missouri, visit our website, send an e-mail or give us a call (314) 781-3400. Please mention Mortgage Law Network.See Authors Posts (21) on Feb 1, 2010 in Mortgage Reform, Predatory Lending | 0 Comments
Borrowing for a home has been tough ever since the subprime securitized loan market collapsed a couple years ago. Without government help through the FHA, many such loans would not be made right now.
But although the government is backing FHA, Fannie Mae and Freddie Mac and shoring up the mortgage market by backing many of [...]
By L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
closeAuthor: L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
Name: L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
Email: jed@berlinerlaw.com
Site: http://www.berlinerlaw.com
About: Attorney L. Jed Berliner has concentrated his law practice in bankruptcy, commercial litigation, creditors' rights and debtor's remedies since 1982, having generally practiced since 1976. He opened the Berliner Law Firm of Springfield, Massachusetts in 1988 and now practices exclusively in consumer bankruptcy and related consumer protection litigation.
Attorney Berliner received his Bachelor of Arts Degree from Cornell University in 1972, and his Juris Doctor degree from the University of Kansas in 1977. He practiced general law in northern Michigan, established a bankruptcy concentration in Boston, MA in 1982, and established his Springfield, MA practice in 1988.
Attorney Berliner is a regular and active contributor to the Bankruptcy Law Network, the Bankruptcy Roundtable, and the National Association of Consumer Bankruptcy Attorneys, three specialized consumer bankruptcy forums on the Internet, and is an informal mentor to regional practitioners. He contributed to the local rules on electronic filing rules and is recognized by his peers as an expert in consumer bankruptcy issues. He thoroughly enjoys being rated "excellent" in his client surveys.See Authors Posts (24) on Jan 24, 2010 in Foreclosure Defense, Predatory Lending | 0 Comments
There are realistic hopes with foreclosure litigation. It can stall a foreclosure and lead to an affordable resolution.
There are also unrealistic hopes. A deceptive adjustable rate mortgage doesn’t hurt you if you can’t pay the original payment. An unenforceable retroactive assignment probably won’t help you if your foreclosure begins after the date of the assignment. [...]
By Karen Oakes, Southern Oregon Mortgage Law Attorney
closeAuthor: Karen Oakes, Southern Oregon Mortgage Law Attorney
Name: Karen Oakes, Southern Oregon Mortgage Law Attorney
Email: oakeslaw@gmail.com
Site: http://www.oakeslawoffice.com
About: See Authors Posts (17) on Dec 27, 2009 in Mortgage Issues, Predatory Lending | 0 Comments
Washington Mutual’s history of reckless lending and predatory tactics doomed the 119 year institution to failure in 2008. WaMu specialized in subprime home loans and more than 1/3 of WaMu subprime loans failed.
By L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense AttorneycloseAuthor: L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
Name: L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
Email: jed@berlinerlaw.com
Site: http://www.berlinerlaw.com
About: Attorney L. Jed Berliner has concentrated his law practice in bankruptcy, commercial litigation, creditors' rights and debtor's remedies since 1982, having generally practiced since 1976. He opened the Berliner Law Firm of Springfield, Massachusetts in 1988 and now practices exclusively in consumer bankruptcy and related consumer protection litigation.
Attorney Berliner received his Bachelor of Arts Degree from Cornell University in 1972, and his Juris Doctor degree from the University of Kansas in 1977. He practiced general law in northern Michigan, established a bankruptcy concentration in Boston, MA in 1982, and established his Springfield, MA practice in 1988.
Attorney Berliner is a regular and active contributor to the Bankruptcy Law Network, the Bankruptcy Roundtable, and the National Association of Consumer Bankruptcy Attorneys, three specialized consumer bankruptcy forums on the Internet, and is an informal mentor to regional practitioners. He contributed to the local rules on electronic filing rules and is recognized by his peers as an expert in consumer bankruptcy issues. He thoroughly enjoys being rated "excellent" in his client surveys.See Authors Posts (24) on Nov 28, 2009 in Foreclosure Defense, Interest and Fees, Predatory Lending | 0 Comments
Daily interest mortgage loans can cause the loss of your home.
By Kent Anderson, Oregon Bankruptcy Attorney
closeAuthor: Kent Anderson, Oregon Bankruptcy Attorney
Name: Kent Anderson
Email: kent@kentandersonlaw.com
Site: http://www.kentandersonlaw.com
About: I was admitted to practice in Oregon in1978 and have practiced in the Oregon Bankruptcy Court since I was admitted to the federal court bar a few months later. I am designated as a Consumer Bankruptcy Specialist by the American Board of Certification, and have completed both the Max Gardner Bankruptcy Litigation Bootcamp and the Peter Barry Fair Debt Collection Practices Act Bootcamp. I am a member of the National Association of Consumer Advocates and have dedicated my practice to consumer advocacy. Mortgage Servicer abuse "correction" through bankruptcy adversary proceedings has become a matter of special interest in recent years. Many years of experience in practice before the Internal Revenue Service and Oregon Department of Revenue has made me a valued referral source for accountants, tax preparers and other attorneys.See Authors Posts (36) on Sep 21, 2009 in Foreclosure Defense, Predatory Lending | 0 Comments
The Kansas Supreme Court ruled in Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, that MERS, a company designated as nominee on millions of real estate security instruments, has no standing and can not initiate or maintain an action to foreclose a defaulted loan. A private company, MERS was created by a combination of [...]
By Jill Michaux, Kansas Bankruptcy Attorney
closeAuthor: Jill Michaux, Kansas Bankruptcy Attorney
Name: Jill Michaux
Email: jill.michaux@neismichaux.com
Site: http://www.neismichaux.com
About: Topeka's Consumer Bankruptcy Specialist, Jill A Michaux is the managing partner of the law firm, Neis & Michaux, P.A. She practices law with her husband, Mark W. Neis.
She has helped consumers with debt problems in bankruptcy since 1980. She is board certified consumer bankruptcy by the American Board of Certification since 1992.
You may reach her at her office in Suite 825 of the Bank of America Tower at 6th Street and Kansas Avenue in downtown Topeka, 534 S. Kansas Ave., Ste. 825, Topeka, KS 66603-3446.
Telephone: 785-354-1471 or 866-354-1471
Fax: 785-354-1170
Website: www.neismichaux.com
Blog: www.bankruptcylawnetwork.com
E-mail: jill.michaux@neismichaux.comSee Authors Posts (24) on Sep 12, 2009 in Mortgage Issues, Mortgage Modification, Predatory Lending | 0 Comments
Read those loan modification documents! All the fine print, every page. Take your time and make sure you understand exactly the terms of the modified loan. Watch out for bad terms in the fine print.
Clients Joe and Mary were shocked to learn recently that the loan modification they had succeeded in getting was not the [...]
By Däna Wilkinson, Attorney at Law
closeAuthor: Däna Wilkinson, Attorney at Law
Name: Däna Wilkinson, Attorney at Law
Email: danawilkinson@charter.net
Site: http://www.danawilkinsonlaw.com
About: I am an attorney in a solo practice in Spartanburg, South Carolina. I am a certified specialist in bankruptcy and debtor/creditor law, and limit my practice to those issues.See Authors Posts (30) on May 25, 2009 in Mortgage Issues, Predatory Lending | 0 Comments
Lenders have come up with a lot of products that have turned out to be bad news for consumers-exploding ARMS, payment option loans, just to name a couple-but the one I heard about this weekend may have far greater negative potential for consumers than any of the others. Bank of America is offering some of [...]
By L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense AttorneycloseAuthor: L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
Name: L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
Email: jed@berlinerlaw.com
Site: http://www.berlinerlaw.com
About: Attorney L. Jed Berliner has concentrated his law practice in bankruptcy, commercial litigation, creditors' rights and debtor's remedies since 1982, having generally practiced since 1976. He opened the Berliner Law Firm of Springfield, Massachusetts in 1988 and now practices exclusively in consumer bankruptcy and related consumer protection litigation.
Attorney Berliner received his Bachelor of Arts Degree from Cornell University in 1972, and his Juris Doctor degree from the University of Kansas in 1977. He practiced general law in northern Michigan, established a bankruptcy concentration in Boston, MA in 1982, and established his Springfield, MA practice in 1988.
Attorney Berliner is a regular and active contributor to the Bankruptcy Law Network, the Bankruptcy Roundtable, and the National Association of Consumer Bankruptcy Attorneys, three specialized consumer bankruptcy forums on the Internet, and is an informal mentor to regional practitioners. He contributed to the local rules on electronic filing rules and is recognized by his peers as an expert in consumer bankruptcy issues. He thoroughly enjoys being rated "excellent" in his client surveys.See Authors Posts (24) on Apr 28, 2009 in Featured, Foreclosure Defense, Predatory Lending | 0 Comments
I recently wrote about evils of inflated appraisals. Fannie Mae and Freddie Mac have proposed new rules for appraisals, effective May 1, 2009, called the “Home Value Code of Conduct.” They are applicable to “conventional” or “conforming” loans intended for resale to those agencies.
Among the provisions is a requirement that only lenders may order appraisals, and not [...]
By Karen Oakes, Southern Oregon Mortgage Law AttorneycloseAuthor: Karen Oakes, Southern Oregon Mortgage Law Attorney
Name: Karen Oakes, Southern Oregon Mortgage Law Attorney
Email: oakeslaw@gmail.com
Site: http://www.oakeslawoffice.com
About: See Authors Posts (17) on Apr 27, 2009 in Mortgage Issues, Predatory Lending | 0 Comments
Part 9 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 14: Home is Where the Start Is. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes [...]
By L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense AttorneycloseAuthor: L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
Name: L. Jed Berliner, Marlborough & Springfield, MA Foreclosure Defense Attorney
Email: jed@berlinerlaw.com
Site: http://www.berlinerlaw.com
About: Attorney L. Jed Berliner has concentrated his law practice in bankruptcy, commercial litigation, creditors' rights and debtor's remedies since 1982, having generally practiced since 1976. He opened the Berliner Law Firm of Springfield, Massachusetts in 1988 and now practices exclusively in consumer bankruptcy and related consumer protection litigation.
Attorney Berliner received his Bachelor of Arts Degree from Cornell University in 1972, and his Juris Doctor degree from the University of Kansas in 1977. He practiced general law in northern Michigan, established a bankruptcy concentration in Boston, MA in 1982, and established his Springfield, MA practice in 1988.
Attorney Berliner is a regular and active contributor to the Bankruptcy Law Network, the Bankruptcy Roundtable, and the National Association of Consumer Bankruptcy Attorneys, three specialized consumer bankruptcy forums on the Internet, and is an informal mentor to regional practitioners. He contributed to the local rules on electronic filing rules and is recognized by his peers as an expert in consumer bankruptcy issues. He thoroughly enjoys being rated "excellent" in his client surveys.See Authors Posts (24) on Apr 26, 2009 in Foreclosure Defense, Predatory Lending | 0 Comments
Inflated appraisals are one of the many abuses of predatory lending. Lenders and brokers earn more from higher loans, which are based on inflated appraisals, because of the commissions, fees, and interest. Even the borrower benefits in the short term from borrowing more than otherwise would be, or should be, available. But things can go south in a hurry.
Consider [...]
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