Sawin & Shea

JULY 19, 2023

Under Chapter 7, most people can keep their home and car, if desired, and receive automatic court protection from creditors. Chapter 13 , or reorganization bankruptcy, stops repossessions and foreclosures so you can save your home or investment. Chapter 13 can help people keep assets that might be at risk in a Chapter 7.

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Collection Industry News

AUGUST 16, 2021

In the summer of 2008, the Neighborhood Assistance Corporation of America staged an event that promised a fast track for struggling borrowers to avoid foreclosure. million foreclosures , according to the Federal Reserve Bank of Chicago. The federal foreclosure moratorium has ended. was called “Save the Dream of Homeownership.”

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Collection Industry News

FEBRUARY 5, 2021

The good news, however, is that foreclosure activity hit a record low last year. We can thank the foreclosure moratorium for that. In fact, the Federal Housing Finance Agency (FHFA) recently extended its ban on foreclosures and evictions to Feb. So what can delinquent borrowers do once those foreclosure bans expire?

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Debt Free Colorado

OCTOBER 12, 2023

It is essential to disclose past financial transactions and history, including income, lawsuits, safe deposit boxes, foreclosures, and more. Codebtors On Schedule H: Your Codebtors, you must include any codebtors or people who would be liable for your debt if you cannot make payments. What Information Does a Bankruptcy Form Need?

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Bankruptcy Collateral Chapter 13 bankruptcy Chapter 7 bankruptcy 52

Sawin & Shea

NOVEMBER 24, 2021

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. However, though bankruptcy can seem scary, it is an option and one that can genuinely help you get back on your feet.

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Sawin & Shea

NOVEMBER 24, 2021

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. However, though bankruptcy can seem scary, it is an option and one that can genuinely help you get back on your feet.

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Bankruptcy Garnishment Repossession Foreclosure 52

Troutman Sanders

APRIL 12, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On April 5, the CFPB proposed a set of rule changes to help prevent foreclosures as the emergency federal foreclosure protections expire.

Financial services 52

Financial services Debt collector Student loans Student Loans 52

Troutman Sanders

AUGUST 9, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

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Financial services Student loans Student Loans Foreclosure 52

Collection Industry News

AUGUST 11, 2020

Reforms that address police violence against communities of color won’t be effective unless we reduce governments’ over-reliance on revenue from fines and court fees for minor offenses. But when governments rely on those revenues, people of color end up funding the police forces that routinely terrorize them.

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Better Credit Blog

DECEMBER 6, 2021

The first issue, which we explored here , is getting your credit score to a place where you can qualify for an affordable mortgage payment, and from there the second biggest issue often is having enough money on hand for a down-payment, which can be tricky for some people, even when they have steady employment. Department of Agriculture.

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Lender Loans Government Credit Unions 63

Debt Free Colorado

DECEMBER 9, 2021

Most people filing for either Chapter 7 or 13 bankruptcy will work directly with an attorney to determine the best option for each financial circumstance. The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy. The lender protects the borrower against foreclosure. Chapter 7 (Liquidation).

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Payment Savvy

AUGUST 7, 2023

However, even the most optimistic of people would have to admit that the economy is looking a little fragile at the moment and that a recession is probably imminent. Ironically, some people may even increase their grocery store expenditures as they cut back on costly dining-out experiences. Interest rates are rising.

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Healthcare Startups Foreclosure Government 98

Debt Guru

JULY 28, 2021

The CARES Act allows people with a government-backed mortgage to request a 180-day forbearance on their mortgage. If your mortgage loan isn’t a government-backed loan such as a Fannie May, VA, or FHA loan, your private lender may offer you a forbearance – you will just need to call and request it. Deed-In-Lieu-of-Foreclosure.

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Lender Foreclosure Loans Government 52

Sawin & Shea

AUGUST 4, 2021

For the lender, it’s all about the bottom line, and if they think they can get more money from a foreclosure, they won’t agree to a short sale. Both short sales and bankruptcies involving foreclosures will show up as negative hits on your credit report. A foreclosure (without bankruptcy) will stay on your credit report for 7.

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Bankruptcy Chapter 7 bankruptcy Foreclosure Lender 52

Credit Corp

MARCH 25, 2024

Conventional Mortgage A conventional loan is a mortgage option that’s offered by a private lender instead of the government. On average, a credit score of 620 or more will qualify you for a government-backed USDA loan. FHA Mortgage The Federal Housing Administration (FHA) offers this distinct government-backed mortgage.

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Troutman Sanders

JANUARY 4, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Phone-related scams: Consumers should be wary of calls claiming to originate from government agencies purporting access to a COVID-19 vaccine.

Financial services 52

Financial services Foreclosure Loans Trade 52

Collection Industry News

AUGUST 25, 2020

No doubt, delinquent consumer debt will cause bankruptcies and foreclosures, flooding our courts and weakening our communities. In 2008, the federal government funded programs to help consumers restructure debt repayments with sustainable long-term modifications. billion in foreclosures and community costs.

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Credit Counselor Foreclosure Bankruptcy Creditors 40

Troutman Sanders

OCTOBER 9, 2023

Appendix C is intended to promote strong corporate governance and risk management at FDIC-supervised institutions that have total consolidated assets of $10 billion or more (covered institutions) by proposing corporate governance and risk management guidelines. million people. 364 et seq. For more information, click here.

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Financial services Student loans Student Loans Third-party Debt Collectors 52

Fico Collections

JULY 29, 2020

This all points to the likelihood of a protracted period of economic uncertainty as governments act to contain outbreaks when, and where, they appear. Using this framework, a bank can consider the costs of measures such as fee or interest waivers against the costs of foreclosure and charge off, along with any potential shortfall.

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Banks Loans Foreclosure Lender 95

Troutman Sanders

OCTOBER 19, 2020

Year-end data from the September 2020 Monthly Treasury Statement of Receipts and Outlays of the United States Government show a $3.1 Due to the pandemic, people with federal student loans have some protections, but others claim to provide additional governmental protections for a fee. trillion the deficit for FY 2020 — $2.0

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Financial services Student loans Student Loans Foreclosure 52

Debt Free Colorado

APRIL 9, 2020

The efforts to contain the Coronavirus pandemic have pushed hundreds of thousands of people out of work. You can work directly with the mortgage lender on a loan modification, or reach out to the Colorado Foreclosure Hotline for free assistance. How do I pay my Bills if I’m out of Work due to a Stay-At-Home Order? Credit Cards.

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Student loans Student Loans Chapter 13 bankruptcy Chapter 7 bankruptcy 82

Troutman Sanders

AUGUST 16, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Virginia is now at least the third state in the country to loosen rules governing legal representation in response to the public health crisis.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

DECEMBER 28, 2020

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Often, scammers convince consumers to pay using gift cards for various scams, such as those acting as business and government imposters.

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Financial services Foreclosure Government Debtor 52

Collection Industry News

AUGUST 9, 2021

New York has also adopted the Centers for Disease Control and Prevention’s ( CDC ) Interim Public Health Recommendations for Fully Vaccinated People (the “ Recommendations ”), issued on May 13, 2021. Instead, the D.C. Michael Machado, a Law Clerk in our New York office, contributed to the writing of this alert. James , Case No. The Act (S.9114/A.11181)

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Foreclosure Government Judgment Lender 40

Fraser

SEPTEMBER 3, 2020

From there the statute authorizes actions such as apprehending and forcibly detaining infected people, foreign nationals and others entering the country, and conduct of that sort. Under the definition of “evict” in the Order, the eviction prohibition “does not include foreclosure on a home mortgage.”

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Foreclosure Legal Rights Judgment Lender 40

Troutman Sanders

SEPTEMBER 20, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. To read the full announcement, click here. Earlier this month, the U.S.

Financial services 52

Financial services Foreclosure Debt collector Student loans 52

Troutman Sanders

JANUARY 11, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On January 4, Virginia Attorney General Mark Herring warned consumers against government imposter scams. For more information, click here.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

SEPTEMBER 14, 2020

To receive protection under the Order, individuals must provide their landlord with a declaration under penalty of perjury indicating: (1) they have “used best efforts to obtain all available government assistance for rent or housing;”. (2) The National Multifamily Housing Council, a landlord advocacy group based in Washington, D.C.,

Legal Rights 52

Legal Rights Foreclosure Government Banks 52

Troutman Sanders

APRIL 5, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On April 1, the CFPB issued a warning to mortgage servicers to take necessary steps to prevent a wave of foreclosures this fall.

Financial services 52

Financial services Financial Institution Foreclosure Garnishment 52

Troutman Sanders

MAY 10, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. ” Some governments have attempted to create these “travel bubbles,” such as Hong Kong and Singapore.

Financial services 52

Financial services Fair Debt Collection Foreclosure Debt collector 52

Credit Corp

MAY 1, 2024

Managing multiple disputes is a little complicated, which is why many people prefer to work with a credit repair company instead of doing it themselves. Avoiding Credit Repair Scams The Credit Report Organizations Act governs the marketing of credit repair services.

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Law Firms Creditors Credit Bureau Loans 52

Debt Free Colorado

MARCH 3, 2023

Through a legal process called bankruptcy, some people who are unable to pay their debts can start over financially, either temporarily or permanently. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off? To begin, however, let’s define the term “bankruptcy.”

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Troutman Sanders

JULY 26, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Garnishment 52

Troutman Sanders

APRIL 19, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link].

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

MARCH 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.

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Financial services Retail Foreclosure Financial Institution 52

Collection Industry News

OCTOBER 6, 2020

Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. Finding themselves with enough money to settle old debts, people responded to collectors’ calls and letters. It was a great time to be a debt collector.

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Debt collector Garnishment Banks Foreclosure 40

Troutman Sanders

FEBRUARY 21, 2024

The court found that the defendants falsely promised to reduce homeowners’ mortgage payments and prevent foreclosures, defrauding distressed homeowners out of millions of dollars. The scheme allegedly harmed more than 3,000 people nationwide. For more information, click here.

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