Related: 3 rules for mitigating clients’ home renovation. be sure that the GC is licensed and has a surety bond. If the GC can’t finish the job for some reason – illness or bankruptcy, for example.
WASHINGTON (11/18/14)–The nation’s highest court is going to scrutinize whether or not a second mortgage on an underwater house can be voided during bankruptcy proceedings, according to a report from Reuters. The Supreme Court agreed Monday to hear two cases from Bank of America.
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Any arrangement made between the debtor and creditor out of court is a matter of contract between them with there being no involvement by the bankruptcy jurisdiction of the High Court. A deed of arrangement must be registered with the High Court offices. Failure to register within seven days, will make it void.
Your 2nd Mortgage or Home Equity Line of Credit – Heloc. While it is true that you may be able to strip these off of your home in a Chapter 13, in a Chapter 7 you can’t, but, you may still be able to effectively ignore it (for a while) and keep your home. However, the 2nd Mortgage or.
WASHINGTON (AP) – The Supreme Court said Monday it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home’s market value has dropped below the amount they owe on the first mortgage. The justices will consider two appeals from Bank of America, which asserts.
A recent study by online home-sales portal Zillow.com suggested that two-thirds of arizona mortgage holders in the second quarter were "underwater. "They won a judgment in court, but then she filed.
WASHINGTON – A unanimous supreme court ruled monday that homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the primary mortgage. The.
High court rules 2nd mortgages can’t be voided in bankruptcy June 2, 2015 WASHINGTON (6/2/15)–Homeowners cannot void a second mortgage using bankruptcy protection, the Supreme Court ruled Monday. The case, Bank of America v.
Up to 80% of subprime mortgages have abnormally high prepayment. The lender makes a loan the borrower can’t. March 16) Failed by Law and Courts,
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