Recent Posts in Home Category
Posted on Nov 4, 2012 By Robert Kovacs
Home Mortgage Modifications can be a huge asset to homeowners that have fallen behind on their mortgage. Applying can be very frustrating but with determination and perseverance a home owner can save ...
Continue reading "Loan Modification Tips from our Legal Assistant Lynn Conway" »
Posted on Apr 1, 2012 By Robert Kovacs
Bankruptcy Can Stop Foreclosure Instantly Filing bankruptcy will instantly stop foreclosure on your home. With limited exception, when you file bankruptcy the automatic stay under section 362 of the ...
Continue reading "Bankruptcy Can Stop Foreclosure Instantly" »
Posted on Jan 22, 2012 By Robert Kovacs
Video explanation of the current credit crisis. Please click the link below for a video explaining the current credit crisis. http://jonathanjarvis.com/crisis-of-credit
Continue reading "Video explanation of the current credit crisis." »
Posted on Oct 27, 2011 By Robert Kovacs
Dear NACBA Member, I am pleased to report that NACBA’s “principal paydown plan,” designed to help struggling homeowners in chapter 13 save their homes from foreclosure, is now under ...
Continue reading "FHFA Director Praises Principal Paydown Plan as "Promising" and "Credible"Pledges to Provide Members an Assessment in Two Weeks" »
Posted on Oct 16, 2011 By Robert Kovacs
Dear NACBA Member: On Wednesday, we wrote to bring you up-to-date on activities of NACBA’s Legislative Committee in support of the Principal Paydown Plan (PPP). Just as that email went out, we ...
Continue reading ""Support growing among policymakers for NACBA's Principal Paydown Plan"" »
Posted on Aug 31, 2011 By Robert Kovacs
Eighth Circuit BAP Allows Strip Off of Wholly Unsecured Lien in Chapter 20 The Eighth Circuit BAP found that a chapter 13 debtor may strip off a wholly unsecured lien on his principal residence even ...
Continue reading "Eighth Circuit BAP Allows Strip Off of Wholly Unsecured Lien in Chapter 20" »
Posted on Aug 23, 2011 By Robert Kovacs
Homeowners Need Help Neither Congress, nor federal regulators, nor state or federal prosecutors have yet to conduct a thorough investigation into the mortgage bubble and financial bust. We welcomed ...
Continue reading "Homeowners Need Help -- from the New York Times" »
Posted on Jul 24, 2011 By Robert Kovacs
Picking and Choosing Debts to Discharge There are many myths circulating regarding bankruptcy in Massachusetts. One of the most popular myths is that a bankruptcy debtor can pick and choose which ...
Continue reading "Picking and Choosing Debts to Discharge" »
Posted on Jul 20, 2011 By Robert Kovacs
Bankruptcy Can Provide Leverage to Underwater Homeowners The Washington Post recently reported that the Obama administration is not planning another large federally funded program to relieving the ...
Continue reading "Bankruptcy Can Provide Leverage to Underwater Homeowners" »
Posted on May 30, 2011 By
Rental Property - Mortgage Cram Down - Reduce your principle balance on your mortgage loan In a chapter 11 or 13 bankruptcy you may be able to reduce the outstanding principle balance on your mortgage ...
Continue reading "Rental Property - Mortgage Cram Down - Reduce your principle balance on your mortgage loan" »
Posted on Jan 25, 2011 By Robert W. Kovacs,Jr.
On December 16, 2010 the Governor signed into law a new homestead statute (MGL Chapter 188 ). The new law is thought to better protect consumer and their homes from creditors. As a result of either ...
Continue reading "New Homestead Law " »
Posted on Jun 1, 2010 By Robert Kovacs
Starting today, June 1, 2010, HAMP Home Loan Modifications cannot be denied because you are in an active chapter 7 or 13 bankruptcy. This is significant for many consumers. Many consumers facing ...
Continue reading "HAMP Loan Modification Changes – Modification can NOT be denied because of active bankruptcy " »
Posted on Jan 24, 2010 By Robert Kovacs
If you file bankruptcy you will keep your home; unless you want to surrender it to the bank. In order to keep your home you will need to at a minimum be able to make the current monthly payment on the ...
Continue reading "You can file bankruptcy and keep your home" »
Posted on Jan 19, 2010 By Robert Kovacs
When looking for home loan help, please know that help from the Department of Housing and Urban Development is free. Below are some of the warning signs that HUD has put together: " Beware of ...
Continue reading ""Beware of Foreclosure Rescue Scams - Help Is Free!" " »
Posted on Jan 15, 2010 By Robert Kovacs
Filing bankruptcy does not prevent you from buying any property, including a new home or cars. However, the better question is; when will a bank give me a mortgage for a new home? Chapter 7 bankruptcy ...
Continue reading "How long after bankruptcy can I buy a new home? " »