Mortgage ‘Cram-Down’ Bankruptcy Bill May Aid 1 Million in U.S.
March 6 (Bloomberg) -- At least 1 million Americans would be able to use bankruptcy to reduce mortgage payments under legislation approved by the House yesterday, part of Democratic efforts to stem a crisis that has erased more than $2.4 trillion in home values.Read more.
WAMU Sued for Failing to Engage Debtor in Loan Modifications
A Boston-area couple who are in foreclosure, despite their herculean attempts to prevent it, have filed a lawsuit against Washington Mutual, one of the nation's largest mortgage servicing firms. Read more.
At Freddie Mac, Chief Discarded Warning Signs
The chief executive of the mortgage giant Freddie Mac rejected internal warnings that could have protected the company from some of the financial crises now engulfing it, according to more than two dozen current and former high-ranking executives and others. Read more.
Connecticut Sues Firms Over Credit Ratings of Cities
The chief executive of the mortgage giant Freddie Mac rejected internal warnings that could have protected the company from some of the financial crises now engulfing it, according to more than two dozen current and former high-ranking executives and others. Read more.
Extreme Makover Home Faces Foreclosure
LAKE CITY, Ga. (AP) - More than 1,800 people showed up to help ABC's "Extreme Makeover" team demolish a family's decrepit home and replace it with a sparkling, four-bedroom mini-mansion in 2005. Read more.
Fed Keeps Rate at 2%1
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Read more.
Who will benefit from the new federal housing act?
Is it a remedy for the worst housing slump the nation has suffered in decades? Or merely a taxpayer-funded bailout that will fail to reverse the plunge in home prices, the surge in foreclosures and the grave threat that overhangs the economy? Read more.
The Latest Thing--Medical and Dental Credit Cards
Many doctors and dentists are marketing medical credit cards to their patients, and consumer lawyers say they are a new wave of predatory lending. Read more.
Freddie Mac Doubles Financial Incentives to Servicers Who Help Borrowers Avoid Foreclosure
Freddie Mac today told mortgage servicers it was doubling the amount of money it pays for each workout that keeps a delinquent borrower with a Freddie Mac-owned mortgage out of foreclosure. Read more.
IndyMac Bancorp files for Chapter 7 Bankruptcy
IndyMac Bancorp Inc (IDMC.PK), once one of the largest U.S. mortgage lenders, has filed for bankruptcy protection, less than three weeks after being seized by federal regulators following a bank run by depositors. Read more.
Federal and State Agencies Crack Down on Mortgage Modification and Foreclosure scams
The Federal Trade Commission today announced a crackdown on fraud and deception by mortgage modification and home foreclosure rescue companies. The FTC is seeking to halt the proliferation of these mortgage relief scams – which target distressed and vulnerable consumers who are delinquent or facing foreclosure – through increased law enforcement, consumer outreach, and close coordination with federal, state, and non-profit partners. Read more.
Here at Weselis & Suchoparek LLC, we understand that you would not be reading this page if you were not thinking about the bankruptcy option. Imagine what a relief it would be if we could stop those harassing phone calls, annoying letters, garnishments and save your house from foreclosure immediately. In some cases you can also discharge your second mortgage and keep your house. Yes it is true!
What you need to understand is that bankruptcy is not a bad thing. There are many negative stereotypes out there about bankruptcy in Colorado, but in reality filing bankruptcy is a business decision and should not reflect negatively against you. Many famous people and huge corporations have filed bankruptcy to protect their personal business finances—why should you be the exception? Below are just a few people who have filed for bankrutpcy or who have had major financial difficulty in their life.
The attorneys at Weselis & Suchoparek LLC have represented some of the major banks in Colorado bankruptcy proceedings, worked for numerous federal bankruptcy judges and are now ready to stand up for you! We understand that filing for bankruptcy in Colorado is not an easy decision; however, we welcome you to browse our site for bankruptcy information and call us at your convenience to set up a free consultation with a licensed Colorado bankruptcy lawyer. You will not be speaking to a secretary, but a real licensed attorney who will patiently explain the whole process to you either by phone or in person in everyday English—No legalese.
The bankruptcy laws drastically changed in 2005 and now more than ever the old saying holds true, “an ounce of prevention is worth a pound of cure!” We have helped many individuals untangle themselves out of the trouble they got themselves in because they tried to save a few dollars by hiring someone only to prepare an “Assisted Bankruptcy” or actually even try to do everything without any legal advice by themselves. Our clients will never have that problem! We pride our selves on full representation because the majority of the important work comes after filing your case. We will be there with you in Court and will personally prepare you prior to your bankruptcy hearing. We believe when filing a bankruptcy there is nothing more important than FULL REPRESENTATION! We have the experience from filing hundreds of bankruptcy cases a year and hopefully this will be the only bankruptcy you file in your life. Why not hire a bankruptcy law firm that specializes in bankruptcy and will make the process as easy as possible for you?
We proudly offer some of the best personal attention that we feel every client deserves. We service the whole State of Colorado so it does not matter if you live throughout the Front Range, Colorado High Country or the Western Slope. We service all cities in Colorado such as Boulder, Colorado Springs, Fort Collins, Pueblo, Grand Junction or live in Denver; the road to your financial success is only a phone call away. What do you have to lose by calling us for a FREE bankruptcy consultation today?
600 17th Sreet, Suite 2800 South Tower • Denver, CO 80202-5428
Telephone: (303) 296-3230 • Fax: (303) 395-1535
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