Bankruptcy Information

For the last few years, I have witnessed a steady stream of homeowners flowing through my office who are dumbfounded by their inability to get a mortgage modification.  And for years, I have been telling them all the same thing:

YOUR SERVICER DOESN’T WANT TO MODIFY YOUR LOAN!

The truth of the matter is that, of all the options available to a mortgage servicer to deal with a distressed homeowner, mortgage modification is the least desirable for the servicer of your loan.

This phenomenon is discussed at length in a recent Washington Law Review article by attorney Diane E. Thompson entitled Foreclosing Modifications: How Servicer Incentives Discourage Loan Modifications, 86 WashLRev 755 (© 2011).  Ms. Thompson, who is Of Counsel at the National Consumer Law Center, adeptly dissects the servicer’s incentive to foreclose rather than modify a mortgage.  She concludes:

The financial compensation and constraints imposed on and chosen by servicers generally lead servicers to prefer refinancing, foreclosures, and short-term repayment plans to modifications. Service

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A vending machine sale will give you a clear picture of the wide range of vending machines with which you can start your own profitable home based business. There are many distributors of vending machines and bulk vending products that will supply you with all the information you need regarding prices of machines and the bulk products you need to restock them. While candy and food service vending machines are the most common, there are many more types of vending machines you can use to turn a profit. It is only when you attend a vending machine sale that you get the overall picture of how this business works.

You don’t have to spend time searching the classifieds to find a vending machine sale near you. A simple online search will net you thousands of results for distributors of bulk vending products and the machines that sell them. The distributors have all kinds of vending machines, both new and used, so you can search for the cheapest machines in the line of products that you want to sell. G

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Tags: Machine Sale, Sale, Vending Machine, Vending Machine Sale

President Barack Obama welcomed a stronger than expected December unemployment report on Friday and urged Congress to extend a payroll tax cut until the end of 2012 to help the country’s economic recovery maintain momentum.

“We’re making progress. We’re moving in the right direction. And one of the reasons for this is the tax cut for working Americans that we put in place last year,” he said.

“When Congress returns they should extend the middle class tax cut for all of this year, to make sure we keep this recovery going,” he told workers at the Consumer Financial Protection Bureau to welcome its new director, Richard Cordray.

Obama appointed Cordray on Wednesday despite opposition from Republicans in the U.S. Senate.

Data earlier on Friday showed a 200,000 increase in December job creation that beat analyst expectations and helped bring the unemployment level down by a tenth of a percentage point to a still-historically high 8.5 percent.

The numbers are a boost for Obama as he seeks reelection in November. He must convi

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Tags: Cut, Payroll Tax, Payroll Tax Cut, Tax Cut

The long slow death march at Sears Holdings Corporation (NASDAQ: SHLD) is turning into a case study of what not do.  Putting a hedge fund manager in charge of a huge retailer, and then letting the company be run by another person for quite some time without deep retail experience.  Imagine if Wal-Mart Stores Inc. (NYSE: WMT) or Target Corporation began a long secular decline where the only way they could attract investors is by unloading assets here and there, shrinking their geographic footprints time after time, cutting workers endlessly, and by trying to just repurchase enough stock that the free float dwindles.  And imagine no real payments to shareholders in the form of dividends.

Fortunately for investors in retail stocks, Target and Wal-Mart are not Sears. We ju

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Tags: Shld, Shld Wmt

The current state of the economy has lead to U.S. cities filing for bankruptcy in order to deal with the debt and lack of revenue.

Bankruptcy analysts have stated that nearly 100 cities may be nearing this option. Two large cities, Birmingham, Alabama and Harrisburg, Pennsylvania have recently filed for bankruptcy.

A city in California, Vallejo, recently just emerged from bankruptcy. They still have some debt remaining, but are now equipped  to handle them better.

If you or someone you know is struggling with debt and are considering filing for bankruptcy, you need representation on your side that can discuss all of your options. Contact the Birmingham bankruptcy lawyer Paula Greenway by calling 205-324-4000 today.

Tags: Bankruptcy