

You have choices to make
I’ve written a lot to warn about the dangers of waiting too long to face down your foreclosure problem. No matter when you decide to take action to solve your foreclosure problem, you always have options. I’ll tell you a true story. A woman came in to see me about her foreclosure problem. An action was just commenced against her; she was about 6 months behind on her mortgage. She already had one previous foreclosure that ended up in her loan being modified. She complained


Unique squabbles of the modern family
I received a call today from a nice woman who was reasonably concerned about what was going to happen to her late father’s home once it was sold. Here are the basics: Dad died about ten years ago, with a will, leaving a wife and five children behind. His wife was not the mother of his five children. Dad’s will appointed his wife to be the executor of Dad’s estate. The will was submitted for probate and his wife was appointed executor of the estate. The will directed that


How picking the wrong attorney costs you
Picking an attorney is a pretty big deal when you’re facing foreclosure. After all, if you’re already having money trouble, deciding where to put your remaining dollars is hugely important. Most people make the mistake of finding the cheapest attorney around, or waiting up until the very last moment before hiring an attorney. I’ve discussed the perils of waiting too long to hire an attorney at length, so I’ll spare you this time. I get that when you’re looking for an attor


When it's too late vs. when it's REALLY too late
I’ve had two similar cases come across my desk recently. They’re similar because both of these people pulled their heads out of the sand after it was too late, but they had different outcomes. Borrower #1 hired an attorney to try to help him work out a modification on his relatively small mortgage. He was paying this attorney a monthly fee whether the attorney worked on the case or not (I’ve heard of these agreements, and I believe them to be of questionable legality. More