MD Fourth Highest in Closing Costs

Maryland homeowners pay higher closing costs that nearly every other state. According to National Mortgage News, Maryland has the fourth highest closing costs in the country. This means that homeowners pay more to buy a home in Maryland than they  →

Did Big Banks Influence Dodd-Frank by Delaying Foreclosures in Members Districts

Research by several nationally known universities has reached a startling conclusion about how big banks sought to influence the writing of Dodd-Frank. The banks slowed the foreclosure of homes located in the districts of the members of the finance committee  →

The Chapter 13 Bankruptcy Process Explained

What to expect when filing a Chapter 13 bankruptcy. As in a chapter 7, you are required as your first to take an online credit counseling course. It’s a prerequisite, it has to be done before the bankruptcy can be  →

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  →