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Legal Articles, General Practice

California's Short Sale Legislation

Recently the California Legislature approved Senate Bill 931 (SB 931) amending Code of Civil Procedure CCP §580e to provide for anti-deficiency protection to certain short sales.

Can I Eliminate My Second Mortgage in Bankruptcy?

The current financial crisis, brought on by the collapse of the housing market has more and more people looking for solutions to their "under water" property. .

Can I Safely Walk Away from My Mortgage

This is an educational article about the current financial crisis and whether it is wise to "walk away" from your mortgage.

Foreclosure and the Bankruptcy Stay

While there are many reasons for the rise in bankruptcy filings, with working families falling victim to job losses, the collapse in the real estate market and plunging home values is one of the principal reasons for the rise in filings.

Joint Tenancy Deed Avoids Probate and Saves Money

The joint tenancy deed is one of the best tools to transfer real estate between spouses, partners and heirs. Its principal characteristic and its advantage over holding title as a tenant in common, is that a joint tenancy deed transfers title immediately upon the death.

Mortgage Debt Forgiveness and the IRS

With the collapse of the economy and crash in the real estate market, more and more homeowners are finding that their home is “underwater” in the sense that the value of the their property is worth significantly less than the mortgage or mortgages that are owed on the property.

Protecting Tenants From Foreclosure

With the collapse of the real estate market and the resulting bank foreclosures on hundreds of thousands of residential rental properties, often, tenants residing as leaseholders in residential properties become collateral victims and are forced to vacate their leaseholds often with minimal notice.

Real and Personal Property Exemptions in Bankruptcy

One of the first questions that most potential bankrupts have is, “What will happen to my property, if I file for bankruptcy?”

Types of Foreclosure

With the collapse of the real estate market, the word "foreclosure" has unfortunately become an often used word in the English language. This article will provide information about the types of foreclosures found in various states and how they work.

Reduce Your Mortgage in a Single Asset Bankruptcy

If you are a natural person, corporation, partnership or limited liability company that owns an income producing parcel of real property and you are behind on payments or perhaps “underwater” you should consider filing a single asset Chapter 11 real estate bankruptcy.

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