How late can you file bankruptcy and stop a foreclosure sale? My firm represents Maine homeowners in trouble. A common question is: how late is too late to save my home from a foreclosure sale? When is the last moment you can file a petition and stop sale? Thankfully for homeowners in distress it … [Read more...]
Move Over HAMP, Here Comes Flex Mod!
As of December 31, 2016, the Home Affordable Modification Program or HAMP will end. HAMP was designed to help financially struggling homeowners avoid foreclosure by obtaining a loan modification that makes mortgage payments affordable through interest rate reductions, fixing the interest rate, … [Read more...]
Home is Where the Heart is, or is it?! Colorado Bankruptcy Court Denies Homestead Exemption to Debtor Living in His Semi-Truck.
IN RE EDWARD ROMERO, United States Bankruptcy Court, D. Colorado; decided June 23, 2015. Edward Romero filed for Chapter 7 bankruptcy on February 12, 2015 and on his petition he listed his "1997 Peterbilt truck" as exempt under Colorado's homestead statute. Since 1998, Mr. Romero has lived … [Read more...]