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Monthly Archives: September 2009

Find Out Who Is Really Calling You

Published on September 15, 2009 by Kathleen Munden

If you are receiving calls from debt collectors, telemarketers, or scam artists from a toll-free number, you can find out who those callers really are and read notes from other people who have had experience with those callers. The website 800Notes allows you to enter the phone number that has called you, and link into [...]

Categories: Bankruptcy Basics, Consumer Law Basics Comments (0) »

Debit Card Overdraft Fees On the Increase

Published on September 14, 2009 by Kathleen Munden

A few years ago, if you tried to use your debit card and had insufficient funds in your bank account, the transaction would be denied. Eventually, banks realized that allowing the transactions to go through and charging overdraft fees for the transactions could  generate enormous fees. To increase such fees even more, banks typically [...]

Categories: Consumer Law Basics Comments (0) »

New Federal Program Addresses Short Sales of Homes

Published on September 10, 2009 by Kathleen Munden

National Mortgage News reports that the major mortgage servicers are preparing for the Treasury Department to roll out a short sale program and they are signing up vendors that specialize in handling these difficult real estate transactions that help troubled homeowners avoid foreclosure.
Loan Resolution Corp. chief operating officer Travis Olsen said one of the top [...]

Categories: Consumer Law Basics, Mortgage Dispute Topics Comments (1) »

Option ARMs Expected to Lead Next Wave of Foreclosures

Published on September 3, 2009 by Kathleen Munden

Since February 2009, default and foreclosure rates on option adjustable rate mortgages have passed those of subprime mortgages, which led the initial wave of foreclosures. Option ARMS accounted for $750 billion in mortgages between 2004 and 2007, and they remain at risk, especially because many are not eligible for refinancing.
About one-third of option ARMS are [...]

Categories: Consumer Law News, Mortgage Dispute Topics Comments (0) »

What Can I Expect At My Chapter 7 Trustee Meeting?

Published on September 1, 2009 by Kathleen Munden

Normally, the only meeting or hearing a Chapter 7 debtor must attend is the “341 meeting,” also called a creditor’s meeting or trustee meeting. Section 341 of the U.S. Bankruptcy Code requires that the meeting be held “within a reasonable time” after the case is filed. In the Northern District of Texas, which covers the [...]

Categories: Bankruptcy Basics, Chapter 7 Bankruptcy Comments (0) »