
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.
Are you behind in mortgage payments? Need to discharge your credit card debt? Interested in filing bankruptcy in Colorado Springs? If you live in Colorado Springs and are facing foreclosure, wage garnishments, or repossession, it may be time to consider the bankruptcy process. If you default on your mortgage, it may be possible for you to stop the foreclosure process of your Colorado Springs home. We are a Colorado Springs bankruptcy law firm, and we can represent you in Colorado bankruptcy court. We specialize in Chapter Seven (7) and Chapter Thirteen (13) personal bankruptcy filings.
This includes all Colorado Springs areas such as: Colorado Springs, Falcon, Fountain, Peyton, and Monument.
If you live in the following Counties:
Almosa County |
Baca County |
Bent County |
Chaffee County |
Conejos County |
Costilla County |
Crowley County |
Custer County |
Fremont County |
Huerfano County |
Kiowa County |
Las Animas County |
Otero County County |
Prowers County |
Pueblo County |
Rio Grande County |
Saguache County |
Your Meeting of the Creditors 341(a) hearing will be held at:
Colorado Bankruptcy Court Hearings
El Paso County Department of Health and Environment
301 S. Union Blvd., Auditorium
Colorado Springs, CO 80910
The laws vary from area to area, so contact us, and we will give you a free Colorado Springs bankruptcy evaluation. Call us now at (303) 296-3230.
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Denver Office 517 E. 16th Ave. Denver, CO 80203 Tel: (303) 296-3230 Fax: (303) 382-4666 |
Grand Junction Office 619 Main St. Grand Junction, CO 81502 Tel: (970) 361-3111 Fax: (720) 904-7413 |
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We are a debt relief agency. We help people file bankruptcy under the bankruptcy code.