Submitted by Paul Garay on Thu, 05/13/2010 - 5:20pm
A lot of clients wonder what steps it takes to file a bankruptcy case. Below is a basic outline of our appointment schedule. We don't charge you for wanting to see us, and you are always welcome to add a follow-up, document drop-off or payment appointment if you choose.
At Lincoln Law, we understand that you are going through tough times so we don't hassle you for payments or to schedule appointments. The appointments below are always required.
Submitted by Carl Gustafson on Thu, 05/13/2010 - 1:24pm
One of the most exciting areas of bankruptcy law is the ability to discharge or remove a second mortgage. For years the ability to remove a second mortgage was largely irrelevant as property values rose year after year. Now the power of the bankruptcy court has become one of the most powerful consumer protection laws on the books. It is important for every home-owner to know his right to adjust his home mortgage through the bankruptcy law.
Submitted by Carl Gustafson on Thu, 05/13/2010 - 2:33pm
For many borrowers, the choice of whether to file bankruptcy depends on a determination of whether a home-owner will be liable for debt on his home following foreclosure.
California has enacted a very strong law protecting home-owners from deficiency judgments following a foreclosure. This is called the anti-deficiency statute or non-recourse statute. It says, in sum, that borrowers who take:
1. purchase money loans 2. on an owner-occupied residence