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Loans / Mortgages

Allmand Law Firm
November 12, 2009 Economy, Loans / Mortgages

Home Buyer Tax Credits Approved!

According to an article in the Star-Telegram, the home buyer tax credits have been approved and are expected to be signed into law by President Obama. For first-time home buyers (or anyone who has...

Allmand Law Firm
September 20, 2009 Loans / Mortgages

Watch Out For Cross Collateral Clauses On Credit Union Loans

Many debtors considering bankruptcy often want to keep their car while discharging their unsecured debts such as a credit card.  But depending on how their car loan document was written they may not be...

Allmand Law Firm
September 18, 2009 Loans / Mortgages

The Subprime Resurrection

Subprime brokers now in the loan modification business, consumers duped by promise of security for homes. Most of us have seen at least one infomercial on TV that has tempted us to pick up...

Allmand Law Firm
September 16, 2009 Loans / Mortgages

Legislators Consider Mortgage Modification During Bankruptcy Again

Legislators are promising to revive legislation that would allow homeowners to modify their mortgages during bankruptcy. President Obama's voluntary foreclosure prevention program has failed to deliver and many homeowners and legislators are ready to...

Allmand Law Firm
September 11, 2009 Loans / Mortgages

Beware of Advance Fee Loans

As credit availability diminishes, credit scammers are having a feast at the expense of many Americans who desperately need access to credit. One of the most common credit scams is the "advance fee loan."...

Car Title Loans Put You at Financial Risk

Car title loans are marketed by creditors as a savior for the little guy; but these high interest loans are much like payday loans in that they can carry a triple-digit annual interest rate...

Mortgage Modification in Chapter 13 Bankruptcy

In the Chapter 13 bankruptcy case of (Smith, David B. and Susan L.; In re) the bankruptcy court denied a motion to approve/disapprove an agreement to modify a residential mortgage. The bankruptcy case details:...