Benchmark Institute is a training and performance development
organization dedicated to increasing the quality and quantity of
legal services to low-income communities.
April 30, 2009 -
Senate Refuses to Let Judges Fix Mortgages in Bankruptcy
The Senate defeated cram-down measure that would have given homeowners
in financial trouble greater flexibility to renegotiate the terms of
their mortgages. The Senate version must be reconciled with the House
bill which contains the bankruptcy provision. The Senate action makes it
certain that it will disappear from the final bill.
April 29, 2009 -
Bank Lobby On Course To Gut Bankruptcy Bill
The Huffington Post reports on Sen. Dick Durbinís (D-Ill.) latest
compromise version: only mortgages entered into before Jan. 1, 2009
would be open to judges to reduce; a mortgage would need to be
delinquent for 60 days; a borrower would need to notify the bank of
economic difficulty 45 days before filing for bankruptcy; and only
mortgages under $729,000 would be eligible.
April 23, 2009
Can Bankruptcy Help You Avoid Foreclosure?
Attorney Karen Ware explains the basics of bankruptcy
April 17, 2009 -
Who is MERS and Why Are They Suing Me?
This article describes MERS and suggests how to challenge a MERS
April 16, 2009 -
Foreclosure Activity Increases 9 Percent In First Quarter
This article supplies all the stats you need to know about the first
quarter in 2009. Preview: Nevada, Arizona, California post top state
foreclosure rates in first quarter. California posted the nationís third
highest state foreclosure rate, with one in every 58 housing units
receiving a foreclosure filing. And with 230,915 properties receiving
foreclosure filings during the quarter, California accounted for nearly
29 percent of the nationís total.