[caption id="attachment_51" align="alignleft" width="385" caption="Bankruptcy filings still on the rise"][/caption] A recent LA Times blog (August 10, 2009) by Tom Petruno* highlights the highly controversial and divisive issue being debated in today’s bankruptcy circles. The problem surrounds homeowners with upside-down mortgages (i.e. those whose homes are worth less than they are mortgaged). The current mortgage...
[caption id="attachment_28" align="alignleft" width="413" caption="A growing number of foreclosure signs are appearing in neighborhoods across the country."][/caption] The real estate boom of the late 1990’s and early 2000’s caused a super inflated valuation of both property and the attached mortgages. Many individuals and families anxious to assume their place in the American Dream became homeowners...
[caption id="attachment_10" align="alignleft" width="300" caption="The Credit Crunch Hits Home"][/caption] Like many Americans, nearly one in four today, you may be out of work and having difficulty paying your bills on time. The phone rings non-stop at home, the warning letters arrive daily, and you wonder if you will ever have another moment’s peace again. Consumers...