The Walking Debt

No, the title of this article does not contain a typo and it is not about the popular television series. It is about debt that will not die: the so-called “zombie” debt. You think it is dead but just when you least expect it the debt rears its ugly head, usually as a blemish on your credit report that you learn about from the finance manager at the car dealership or the mortgage broker after you have applied for a loan to buy a new house or refinance your mortgage. Old and forgotten, but old is new for the debt buyer. In some instances 

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So you have stopped the Foreclosure by filing Bankruptcy. Now What?

Filing a bankruptcy case is the first step in stopping a foreclosure on your home and the imposition of the “automatic stay” on collection activity stops the mortgage lender dead in their tracks, but for how long? Not long enough unless you do what the Bankruptcy Code requires. Make your post petition mortgage payments on time. Once you have filed a bankruptcy case, each and every mortgage payment that is due following the date of the filing must be paid when it is due. These are called “post petition” mortgage payments. The Bankruptcy Code requires that a mortgage lender (and 

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The Foreclosure Mess

The Massachusetts Supreme Judicial Court gets the foreclosure fraud problem and has strongly stated that parties filing foreclosure actions must have title to the mortgages they attempt to foreclose and must be able to prove that the chain of title supports that assertion.  It is a new day in Massachusetts and dawn is spreading across the nation.  Now what? First the background… The Court’s first shot across the bow of the mortgage banks in Massachusetts occurred approximately a year ago in a case commonly know as Ibanez.  The case actually involved two mortgage foreclosure sales in Springfield.  Neither of the 

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