Federal civil charges, seeking $22 million in damages, were filed against two mortgage firms due to an improper foreclosure on 178 military personnel, including some who were serving in wars. According to the Justice Department, Morgan and Bank of America Corp subsidiaries did not get court orders prior to its implementation of foreclosures from 2006 [...]
The many reasons to overcome any reluctance to file bankruptcy make this a relatively easy question to answer. When making the decision to file, it is worth considering what the intended outcome of the bankruptcy code is for the debtor, and that is to provide relief from debts that have become unmanageable so that the [...]
A contract for deed is a special type of real estate contract involving a buyer and seller in which the seller hands over possession but not legal title of a property to a buyer. The transfer of title takes place after all contractual obligations including full payment of the property has been made to the [...]