I Lost My Second Job and Creditors Are Suing me
Aug 25, 2011
Question: I
was working as an Certified Nursing Assistant at a facility in Cerritos and at
a hospital in downtown Los Angeles. Six
months ago, the nursing facility decided to cut my hours because anoth...
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Drowning in Debt and Considering Divorce - Bankruptcy FAQ
Aug 24, 2011
Question: My wife and I are having problems with
our finances. She is a nurse and brings home about $4,000
per month. While, I work in a real
estate brokerage firm and brings home about $3,000. When th...
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Losing My Houses and My Business: Can I Still Negotiate With The Bank After a Notice of Default
Aug 24, 2011
Question: I own a small home health care business for senior citizens. While the real estate market was booming, I was able to buy two houses, both with first and second loans. For five years I was abl...
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Guidelines to a Perfect Loan Modification Application
Aug 24, 2011
Loan modifications are any changes to your
loan agreement. It usually entails reduction in interest rate, extension of the
length of the term of the loan, and/or a principal forbearance or reduction.
T...
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California Attorney General Edmund G. Brown Jr. sued Countrywide Financial
Aug 23, 2011
On June 25, 2008, California Attorney
General Edmund G. Brown Jr. sued Countrywide Financial, its chief executive
Angelo Mozilo, and president David Sambol, for engaging in deceptive
advertising and un...
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What to do with the home foreclosure?
Aug 23, 2011
Question: A married couple with two
children owns a home worth $500,000 (the home was worth $750,000 two years ago,
by the way), with $400,000 in first mortgage and $70,000 in second mortgage or
home i...
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Losing My Houses and My Business: Can I Still Negotiate With The Bank After a Notice of Default
Aug 16, 2011
Question: I own a small home health care business for senior citizens. While the real estate market was booming, I was able to buy two houses, both with first and second loans. For five years I was abl...
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Question: I have a subprime mortgage with Countrywide
Aug 16, 2011
Question: I have a subprime mortgage with Countrywide since May, 2005. I had bad credit so I was only eligible for Initially, I had was a subprime mortgage which I on my Bank sent me a notice of sale o...
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What to do with the home foreclosure?
Aug 16, 2011
Question: A married couple with two children owns a home worth $500,000 (the home was worth $750,000 two years ago, by the way), with $400,000 in first mortgage and $70,000 in second mortgage or home i...
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I am Unable to Pay My Monthly Mortgage. Is Bankruptcy My Only Option?
Aug 12, 2011
Question:
I receive a notice of default today in the mail
today. We have been behind in our
mortgage payments for four months. Our
principal loan is now $600,000; however, the market value of the house...
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