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Richard Adams & Associates
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Category Archives: Uncategorized
Judicial Activism: Creditor had duty to return repossessed car
Case Name: In re Stephen and Roberta Valichko Ruling: The bankruptcy court ruled that a credit union willfully violated the automatic stay by refusing to return the debtors’ vehicle, which was lawfully repossessed prepetition. What it means: The secured creditor … Continue reading
Court Slaps Capital One’s Hand for Disobeying Bankruptcy Law
The decision to file for bankruptcy is a very difficult one. And for the over 2 million people who filed for Chapter 7 or Chapter 13 last year, many find that this is a stressful time in their lives as … Continue reading
Florida’s 2012 Legislature Aims to Help Homeowners with Proposed Foreclosure Bills
Foreclosure rates in Florida are much higher than the rest of the nation and South Florida tops them all. According to CoreLogic, the foreclosure rate in Miami-Dade County in October 2011 was 18.13 percent, while the national foreclosure rate was … Continue reading
Buyers required to put down 70% of condo unit’s price
Daily Business Review By: Zachary Fagenson Foreign buyers, particularly Latin Americans, were hailed as South Florida’s saviors during the recession and the slow recovery of the condominium market. Now, a new breed including Argentine developer Manuel Grosskopf is taking it … Continue reading
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Tagged Chateau Beach, Daily Business Review, Latin America, Miami
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May 2012 – Newsletter
SHORT SALES Fannie Mae (FNMA/OTC) announced today that it is directing servicers to expedite short sale transactions and improve transparency on short sale reviews. The new guidelines are part of the Federal Housing Finance Agency’s Servicing Alignment Initiative to better … Continue reading
Posted in Uncategorized
Tagged Bankruptcy Law, Fannie Mae, foreclosure, Mortgage Modification
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