Summary
With the announcements that several national banks are halting home foreclosures and 50 state attorneys general and the District of Columbia have launched an investigation into falsified signatures and other paperwork improprieties, the mortgage industry can officially be declared a mess.
But what does that mean for bankruptcy practitioners trying to help clients navigate through the Chapter 13 process?See the full content of this document
Extract
Chapter 13 Implications of the Mortgage Mess
For some, it could mean a reprieve, said Marc Stern, a sole bankruptcy practitioner in Seattle, Wash.
"An awful lot of people file Chapter 13 just to try to save their house," he said, and the halt of foreclosures could have a "fairly large impact" ...See the full content of this document
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