Cities can Sue Banks for Bad Mortgages

The Supreme Court in a 5-3 decision ruled that Cities decimated by subprime and other bad mortgages can sue Banks for selling this junk. Newly minted supreme court justice, Neil Gorsuch,was not involved in the case. The decision was handed  →

Creditor Waived Arbitration When It Filed Suit

Creditor Waived Arbitration When It Filed Suit  A historic  win for Maryland consumers was just announced last month by the Court of Appeals. If a creditor with an arbitration clause files suit to enforce the contract it has waived arbitration.  →

Prisoner Eligible to File Chapter 13

An Illinois Bankruptcy Court ruled that an incarcerated man was eligible for chapter 13 relief. The debtor was in jail for a DUI conviction and proposed a 60 month payment plan. The debtor however only earned $14/month in jail and  →

Changes in Bail Requirements

CHANGES IN BAIL REQUIREMENTS IN MARYLAND The chief Judge has ordered district court judges to impose the Least onerous conditions on bail. In plain english, this translates into don’t place impossibly high amounts for bail or other conditions such as cash  →

Fourth Circuit – Foreclosure Firms are Debt Collectors

Fourth Circuit – Foreclosure Firms are Debt Collectors In a recent case from Baltimore involving a foreclosure, the Fourth Circuit reiterated that: We explained that the plaintiff’s “‘debt’ remained a ‘debt’ even after foreclosure proceedings commenced” and that “Defendants’ actions surrounding the  →

Bankruptcy Should Not Affect Joint Account Holder or Appear in Joint-Account Holders Report

Bankruptcy Should Not Affect Joint Account Holders or Appear on Report What happens to your your spouse’s or grandma’s credit when you file Chapter 7 bankruptcy and they cosigned a loan for you? Are you going to tank their credit  →

Shocking Allegations About Rape Investigations in Baltimore County

Shocking Allegations About Rape Investigations in Baltimore County Buzzfeed reports that Baltimore County Police dropped rape allegations cases at an abnormally higher percentage than other police departments. Some of the reporting shocks the conscience. Officers are quoted as stating that  →

Wells Fargo Pays $185 Million for Opening Unauthorized Accounts

Wells Fargo Pays $185 Million for Opening Unauthorized Accounts   Consumer Financial Protection Bureau (CFPB) fined Wells Fargo Bank, N.A. $100 million for its employees secretly opening unauthorized deposit and credit card accounts. Driven by sales targets and compensation incentives,  →

60 Days to Rescind Reaffirmation Agreement

60 Days to Rescind Reaffirmation Agreement Reaffirmation agreements are governed by 11 U.S.C. § 524. Section 524 sets forth a series of disclosure requirements and includes very specific timing mechanics, including Section 524(c)(4), which provides in pertinent part: (c) An agreement  →

Buying a Home After Bankruptcy

Buying a Home After Bankruptcy Interest rates are low and are likely to stay low in light of Brexit’s continuing fallout. As  a result, mortgagereports.com article on buying a home after bankruptcy is timely. The good news which probably affect  →