Jimerson Firm

MARCH 19, 2021

When a lender holds a defaulted loan there are several issues that need to be considered before initiating a foreclosure. Additionally, specific Federal regulations may also apply and provide additional requirements for lenders holding VA loans or FHA loans, or provide protections for service members. Florida State Laws.

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Loans Foreclosure Lender Accrued Interest 98

Jimerson Firm

MARCH 24, 2021

On Tuesday, March 23, 2021, four of our partners presented Properly Handling Mortgage Foreclosures. This webinar addressed what is new in foreclosures, including recent developments in the law since the last foreclosure crisis and how banks can utilize the law to their advantage. There is a tenant in the foreclosed property.

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Foreclosure Financial services Banks Financial Institution 52

Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. Learning about bankruptcy and how it works is the first step to take before filing for bankruptcy. Find out the answers to ten of the most frequently asked questions about bankruptcy in Littleton, Colorado. ” What is Bankruptcy?

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Credit Corp

JANUARY 5, 2021

They can range from expected W-2s from your employer to forms about mortgage interest you paid. For example, if you borrowed $12,000 for a personal loan and only paid back $6,000, you still received the original $12,000. Not paying back the other half of the loan means you got the benefit of that money without paying for it.

Repossession 105

Repossession Bankruptcy Foreclosure Creditors 105

Sawin & Shea

AUGUST 24, 2020

Every person’s situation is different, and it’s a wise idea to talk with a qualified bankruptcy attorney about your options. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Jimerson Firm

NOVEMBER 11, 2020

Conducting site visits are an important aspect of servicing SBA loans. a bankruptcy filing, business shutdown, or foreclosure by a prior lienholder) that caused the loan to be classified in liquidation status or sooner if the collateral could be removed, lost, or dissipated. SOP 50 57 2 ; SOP 50 55.

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Collateral Loans Lender Repossession 98

Sawin & Shea

APRIL 26, 2023

Read on to learn everything you need to know about judgment liens in Indiana, including how they work and how to avoid them. One of the most significant consequences is the damage it can cause to your credit score, making it challenging to secure loans or obtain credit in the future. What Is a Judgment Lien?

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Judgment Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy 52

Credit Corp

MARCH 9, 2021

When you’ve missed a mortgage payment your mind may immediately spiral to foreclosure. Foreclosure. But, it should bring you some peace of mind to know that foreclosure is not the immediate consequence for missing a loan payment. Foreclosure doesn’t really come up until you’ve missed two or three payments.

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Foreclosure Lender Loans 111

Credit Corp

JUNE 12, 2023

Learn what you need to know about the Flex Modification Program: how it works, who qualifies for it, and how you can apply. This program offers a flexible framework for loans that helps eligible borrowers to modify their monthly mortgage payments and avoid foreclosure. How Do Fannie Mae and Freddie Mac Work?

Loans 94

Loans Foreclosure Lender Government 94

Better Credit Blog

SEPTEMBER 30, 2021

Department of Veterans Affairs offers what are called VA Loans to people who currently serve or have served in the armed forces, or their surviving spouses. These loans can save them money and make the home-buying process go a little smoother. VA loans and how they differ from a regular loan. Benefits of a VA loan.

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Loans Lender Credit Unions Credit Unions 76

Jimerson Firm

JANUARY 22, 2021

The first-half of this series evaluated considerations for lenders faced with borrowers who were unable to meet their mortgage and loan obligations. The second-half of this series evaluated options available to lenders during the commercial foreclosure process. Opportunities to Gain Concessions in Loan Workouts with Existing Borrowers.

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Foreclosure Lender Loans Collateral 98

Better Credit Blog

MAY 11, 2022

million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. Refinancing your student loans could help lower your monthly payments and reduce your overall repayment amount. Keep reading for a deep dive into our picks for the seven best student loan refinancing companies.

Student loans 71

Student loans Student Loans Loans Lender 71

Jimerson Firm

JUNE 30, 2021

However, lenders are not always the successful party in the foreclosure and, to the disappointment of the lender, the lawsuit may be dismissed. 2016) , lenders may be able to file a foreclosure lawsuit on the same property more than once. In this case, the mortgagee brought two foreclosure lawsuits against the mortgagor.

Lender 96

Lender Foreclosure Banks Judgment 96

Jimerson Firm

FEBRUARY 18, 2021

2] This result can be potentially disastrous to a mortgage lender that may lose the value of a first priority mortgage lien as security for the loan, and potentially have the mortgage subject to being foreclosed in a construction lien foreclosure lawsuit. & Loan Ass’n , 533 So. Lien Priority / Relation Back.

Construction 98

Construction Lender Loans Banks 98

Troutman Sanders

FEBRUARY 1, 2023

As of October 2022, only about $2 billion in relief funds have been distributed to approximately 150,000 households. A couple issues servicers may experience are: 1) requirements to pause foreclosure proceedings in certain instances, and 2) increased borrower disputes due to the complexity and delays in the state programs.

Foreclosure 52

Foreclosure Loans Banks 52

Better Credit Blog

AUGUST 9, 2021

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

Debt Consolidation 52

Debt Consolidation Loans Lender Debt settlement 52

Better Credit Blog

AUGUST 9, 2021

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

Debt Consolidation 52

Debt Consolidation Loans Lender Debt settlement 52

Qualco

MARCH 12, 2024

He literally spoke about “frustrated salespeople” and this appeared to resonate with most of the audience. Debtors who are serious about protecting their real estate assets or a small business need to feel they are dealing with a real person , capable of displaying empathy while offering options based on professional expertise.

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Collections Debtor Banks Loans 97

Sawin & Shea

FEBRUARY 22, 2023

An adjustable-rate mortgage is a home loan that features variable payments. This differs from fixed-rate mortgages, where debtors pay a set interest rate for the entirety of the loan. This is even the case if you already have a foreclosure up to the point of the Sheriff’s sale on the home. What Is an Adjustable-Rate Mortgage?

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debtor 72

Credit Corp

APRIL 26, 2024

This may influence which products we write about and where and how the product appears on a page. In some cases, cancellation can come about as an agreement between you and the creditor. Here, we’ll answer several common questions about this form and explain how canceled debt relates to taxes. Your mortgage is modified.

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Repossession Creditors Bankruptcy Foreclosure 59

Roths Child Law

MARCH 12, 2021

Here are three to think about as you look into canceling out your debts. The first thing to know is that if your main home’s loan was cancelled or a portion of that debt was eliminated, then you may be able exclude that debt forgiveness from your income. You can sometimes exclude loan modifications.

Credit Card Debt 98

Credit Card Debt Foreclosure Loans Bankruptcy 98

Roths Child Law

APRIL 6, 2023

It could even help you to save a home that is at risk of foreclosure. If you are simply struggling to pay your mortgage but are not yet behind on your payment schedule by much, negotiating a loan modification may be a better option. Certainly, filing for bankruptcy isn’t the best debt management or debt solution for all consumers.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Collection Industry News

MAY 2, 2023

The advisory opinion clarifies that a covered debt collector who brings or threatens to bring a state court foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act and its implementing regulation. Read the blog, Zombie second mortgages: When collectors come for long forgotten home loans.

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Fair Debt Collection Debt collector Collections Foreclosure 40

Collection Industry News

AUGUST 17, 2023

Other balances, which include retail cards and other consumer loans, increased by $15 billion. Auto loan balances rose by $20 billion, consistent with the upward trajectory seen since 2011. Student loan balances fell by $35 billion and stood at $1.57 Student Loans Outstanding student loan debt stood at $1.57

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Foreclosure 40

Sawin & Shea

JANUARY 25, 2023

Raising interest rates typically slows down the economy as well as the rate of inflation, but these rates have a direct impact on people’s ability to obtain new loans. Here’s what you need to know about getting a new loan and interest rate after bankruptcy. Usually, this is cents on the dollar.

Chapter 13 bankruptcy 72

Chapter 13 bankruptcy Bankruptcy Loans Foreclosure 72

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. For more information, click here. For more information, click here. For more information, click here. On August 3, the Washington, D.C.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Debt Free Colorado

MARCH 23, 2020

Free book about dealing with debt during COVID-19. Surviving Debt tells you what c onsumers need to know about: Stopping Debt Harassment. Dealing with Credit Card, Medical, and Student Loan Debts. Essential Information about Credit Reports. Saving Your Home from Foreclosure. Which Debts to Pay First.

Student loans 83

Student loans Student Loans Repossession Lawyers 83

Troutman Sanders

AUGUST 30, 2023

The complaint also alleged that all the bank’s branches and loan production officers were located in majority-white areas. Finally, the DOJ alleged that the bank’s peer lenders made mortgage loans in majority-Black and Hispanic neighborhoods at more than six times the rate of the bank.

Banks 52

Banks Education Loans Foreclosure 52

Credit Corp

NOVEMBER 27, 2023

This may influence which products we write about and where and how the product appears on a page. A financial hardship letter explains an unforeseen circumstance that has made you unable to make regular payments on a loan and requests a modification to help you get back on track. However, this does not influence our evaluations.

Debt Consolidation 98

Debt Consolidation Creditors Lender Loans 98

Debt Free Colorado

MARCH 10, 2023

Learn about the Five Bankruptcy Myths in Littleton, Colorado Due to worries stoked by myths and misconceptions about bankruptcy, many people choose not to obtain debt relief. This and other myths about bankruptcy in Littleton, Colorado are important to uncover. You can never obtain a loan or a mortgage.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Debtor 52

Debt Guru

JULY 28, 2021

First, Make Contact With Your Loan Servicer. Before deciding how to move forward, your first step is to contact your mortgage loan servicer. Because loans are often sold to other lenders, it might not be the servicer that first agreed to grant you the mortgage. Refinance Your Loan. Loan Modification. Forbearance.

Lender 52

Lender Foreclosure Loans Government 52

Fico Collections

JULY 29, 2020

Further assistance was announced in July offering customers a further four month deferral or the option to restructure their loan. However, these same measures have also created the concern about the financial cliff facing the industry now and it is possible that offering further payment deferrals risks kicking the can further down the road.

Banks 95

Banks Loans Foreclosure Lender 95

True Accord

MARCH 31, 2022

The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. million U.S.

Lender 58

Lender Personal loans Foreclosure Loans 58

Credit Corp

JULY 26, 2021

Joint mortgages pass directly to co-borrowers, who become responsible for the loan. the decedent—pass to listed beneficiaries, who then become responsible for the loan. If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. Car Loan Debt. Student Loan Debt.

Student loans 98

Student loans Student Loans Credit Card Debt Loans 98

Sawin & Shea

SEPTEMBER 14, 2022

In order to understand the bankruptcy process, here’s what you need to know about consumer debt and non-consumer debt. Examples of non consumer debts include: Alimony Child support Traffic tickets Parking tickets Criminal restitution Business loans Personal guarantees Business property mortgages Business-related legal fees Taxes.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Student loans 122

Debt Free Colorado

APRIL 9, 2020

So far the offers have been vague, the most likely concessions will be for your lenders on your home and cars to allow you to move a monthly payment to the end of the loan and for credit cards to temporarily reduce your interest rate. There are more tools for dealing with your mortgage than any other type of loan. Student Loans.

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Student loans Student Loans Chapter 13 bankruptcy Chapter 7 bankruptcy 82

Credit Corp

FEBRUARY 28, 2021

COVID-19 loans for bad credit are on the rise—but do they deliver, or do they make things even worse? After that, we’ll provide a brief update about the latest big coronavirus stimulus package. . Check out the following links to learn more about coronavirus financial relief measures, including the latest stimulus package.

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Loans Student loans Student Loans Debt collector 98