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Category Archives: Home Mortgage Modification

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Nicholas Gebelt speaking at the “Complex Bankruptcy Issues” Seminar on May 2, 2012

Posted in Chapter 13, Home Mortgage Modification

I will be covering the topics of “Chapter 13: Vehicle and Mortgage Complications” and “Formulating a Confirmable Chapter 13 Plan” at the “Complex Bankruptcy Issues” seminar for the National Business Institute on May 2, 2012 in Orange, California.  This presentation will cover such thorny issues as 910 car claims, rescission and second mortgages,  detail how… Continue Reading

Loan Modification Horror Stories; Corruption On High

Posted in Home Mortgage Modification

I.          Loan Modifications:  The New Scam On America In the January 20, 2012 issue of the Wall Street Journal’s Market Watch, Lew Sichelman shared a few of the many letters he received from homeowners detailing their nightmarish experiences in trying – unsuccessfully – to modify their mortgages.  Take a look at the stories and know… Continue Reading

Home Mortgage Modification And Bankruptcy – Part III

Posted in Automatic Stay, Chapter 11, Chapter 13, Chapter 7, Home Mortgage Modification

I.          The Growth Of Government-Held Debt The managing director of Economics1, a nonpartisan policy-research institute, reports: In reviewing the latest Fed data, Investor’s Business Daily noticed that the total amount of government-financed consumer credit (the vast majority of which is mortgages) stood at $6.3 trillion, just slightly below the private sector’s total, $6.5 trillion.  As… Continue Reading

Home Mortgage Modification And Bankruptcy – Part II

Posted in Home Loans, Home Mortgage Modification

In my last post I focused on housing because I think it’s the most important factor in the current mess.  This post discusses the programs set up to address the mortgage meltdown.  The feds also view housing as the linchpin. I.          HAMP, HAUP, HAFA, HARP These stand for “Home Affordable Modification Program”, “Home Affordable Unemployment Program”,… Continue Reading