Yes it can. A cram down is the process where the principal balance on a loan is reduced to the value of the collateral that
Author: Mike Shovan
Just because the debt was written off does not mean they will release the mortgage. Michigan law (MCLA 600.3175(1)) provides: (1) When a recorded mortgage
Most debt consolidation programs in Michigan are a rip off.
The Saginaw News reported today that mortgage foreclosures in Saginaw County rose to 1000 in 2010. Foreclosures for 2009 were 740 and 1130 for 2008.
I file several plan mod’s a year to keep tax refunds, and have yet to have a major issue. In each case I have clear
What is bankruptcy? Bankruptcy is the most sophisticated financial planning tool available to consumers. It’s not about cheating your creditors–it’s really about being a responsible
2010 has been an incredible year of growth for us with the Bankruptcy Doctor at the Bay Area Bankruptcy Clinic. I have been able to