Author Archives: Site Administrator
Mortgage Modification Interest Rates Drop
On August 12, mortgage modification interest rates for Fannie Mae and Freddie Mac hit the lowest level ever — again. The rates have fallen steadily since the beginning of the year, and have earned the title of “lowest ever” twice since March. According to HousingWire, the latest reduction puts the standard rate for modifications… Read More »
Breaking Down Bankruptcy: Wage Garnishments
Life does not always go as planned, and bumps in the road can keep people from repaying debts. When this happens, a creditor may choose to order a wage garnishment, which allows it to seize the money a debtor earns to repay what is owed. Depending on debts owed, wage garnishments may leave a… Read More »
Eleventh Circuit Rules Surrenders of Property Can Not Contest Foreclosure
In re Failla recently came before the Eleventh Circuit, posing the question of whether a debtor who indicates in his bankruptcy that he surrenders his home can later oppose a foreclosure action. Upon the holding In re Failla’s, the Eleventh Circuit concluded that a debtor cannot later defend a foreclosure if he indicates in… Read More »
Late-Filed Tax Returns Ruled Dischargeable
Both bankruptcy and appellate courts have long-debated the dischargeability of late-filed tax returns. Recently the Sixth Circuit took a side on the matter in Biggers v. Internal Revenue Service. In this case, the debtor sought to discharge income taxes due to the IRS, but his tax returns had been filed late. Section 523 of… Read More »
Your Home’s Role in a Bankruptcy
When someone files for bankruptcy, a common concern is whether they will lose their home during the process. While a West Palm Beach bankruptcy attorney can best advise you on your particular situation, our team has outlined the process to help you better understand whether your home is at risk. Will I lose my… Read More »
5 Errors That Can Demolish a Real Estate Deal
In the world of real estate, making deals comes as second nature. In spite of that fact, it is not uncommon for a partnership to get rocky and lead to the courtroom. When an agreement is not carried out properly, it can spell trouble for everyone involved. Take some advice from this commercial real… Read More »
New Rules Set to Tackle Wrongful Foreclosures
The Consumer Financial Protection Bureau (CFPB) recently approved rules that seek to diminish the amount of wrongful foreclosures in the United States. The New Rules The newly introduced rules are an extension of the regulations currently in place that mandate foreclosure protections be provided to struggling borrowers at least once over a loan’s repayment… Read More »
Breaking Down Bankruptcy: Meeting of Creditors
The meeting of creditors is a mandatory hearing that you must attend when you file for Chapter 7 Bankruptcy in order to receive a discharge. The meeting of creditors gives the bankruptcy trustee and your creditors the opportunity to ask you about the financial details of your bankruptcy documents. Essentially, it is meant to double… Read More »
Filing an Emergency Bankruptcy Petition
Although it is never advisable to file for bankruptcy last minute, sometimes it is unavoidable. Filing for bankruptcy is a long and time consuming process that can take months or even years to complete. There are numerous documents that need to be completed fully and accurately to disclose all pertinent financial information. If any… Read More »
Kelley Kaplan & Eller Announces Expansion
Renowned West Palm Beach law firm Kelley Kaplan & Eller has expanded significantly in order to better serve its clientele. The firm recently broadened its service and practice areas and added a new associate attorney. Extended Practice & Service Areas Kelley Kaplan & Eller has widened its practice areas to include mortgage modification, a… Read More »
