What Is My Redemption Period in Michigan if I Have More Than 3 Acres of Land?
As of December, 2011, the amount of acreage owned is no longer a factor in determining the length of the post-foreclosure sheriffs sale redemption period in Michigan. Prior to December, 2011, foreclosure of land more than 3 acres required a redemption period of 12 months as opposed to the 6 months required for non-abandoned property of less [...]
Tenth Circuit Finds Mortgage Company May Not Be Entitled to Relief From Bankruptcy Stay – Miller v. Deutsche Bank
Vincent Howard and our Riverside County foreclosure defense attorneys were interested to see a case in which a couple representing themselves fought foreclosure all the way to the Tenth U.S. Circuit Court of Appeals, and won. In Miller v. Deutsche Bank National Trust Co., Mark and Jamileh Miller were appealing from a bankruptcy court order [...]
Podcast Episode #7 – 10 ways to save money (Part 2)
January is a great time to start looking for ways to reduce your expenses, save, and develop improved spending habits. Here are our top 10 ways to reduce expenses in a two part podcast. Click here for part 1. Get rid of cable and/or internet Get rid of home land line Shop around for insurance/ get rid [...]
FICO Chief Talks About Credit After Bankruptcy
People considering bankruptcy are usually concerned about bankruptcy’s effect upon their credit score and what they need to do in order to rehabilitate their credit. I saw an interesting article in Yahoo Finance about an interview with Mr. Mark Greene, the CEO of Fair Isaac & Co., the managers of your FICO score. Mr. Greene [...]
Personal bankruptcies drop in 2011
A recent analysis from the National Bankruptcy Research Center shows that personal bankruptcies decreased in 2011. Last year, 1.35 million people in the U.S. filed for personal bankruptcya 12 percent decrease from the 1.5 million personal bankruptcies filed in 2010. Based on this information, approximately 1 in every 175 Americans filed for Chapter 7 or [...]