by mendezlaw | Sep 14, 2020 | Bankruptcy
Personal and business bankruptcies in the U.S. are declining significantly, but that doesn’t mean that everything is financially sound in households or small businesses in Ohio or the nation, the Toledo Blade reported. “The Tsunami has not yet come. I think some...
by mendezlaw | Sep 10, 2020 | Loan Modification, Mortgage
According to CoreLogic, the south Florida area is about to explode with foreclosures. Unemployment related to Covid-19 is the root cause and will likely not improve. A loan modification might help some of these homeowners to save her home. Home loans that are in...
by mendezlaw | Sep 3, 2020 | Loan Modification
According to latest data from Black Knight’s McDash Flash Forbearance Tracker, the number of mortgages in active forbearance remained flat over the past week, with a 15,000 reduction among GSE mortgages offset by a 5,000 rise in FHA forbearances and a 10,000 increase...
by mendezlaw | Aug 17, 2020 | Alimony & Bankcruptcy, Bankruptcy, Mortgage, Real Estate, Uncategorized
Avoid these deadly mistakes in a financial crisis. (By: Diego G. Mendez, Esq. Consumer Bankruptcy Practitioner) “It is the purpose of the Bankruptcy Act…to relieve the honest debtor from the weight of oppressive indebtedness, and permit him to start afresh...
by mendezlaw | Apr 14, 2020 | Bankruptcy, Mortgage
A forbearance is an informal agreement between you and the bank where the bank agrees to not collect mortgage payments for a few months and you agree to someday pay these “skipped” payments. In many cases the bank agrees to then consider a payment plan on...
