Arizona attorney general over broken debt relief promises

In one of the lawsuits, the attorney general?s office alleges that a Phoenix-based company gave homeowners access only to free forms and the website for the company, but did not provide the mortgage rescue services for which each homeowner paid nearly $2,000. A second company sued by the attorney general is alleged to have charged large fees in advance of services to stop foreclosure and obtain mortgage modifications. According to the lawsuit, the company took the money from homeowners but did not perform the promised services. As pointed out by the Arizona attorney general, the effects of the mortgage crisis are still being felt in Arizona. The lawsuits filed by his office demonstrate that homeowners dealing with financial challenges are easy prey to businesses promising to stop foreclosure, reduce debt and reduce interest payments. Many people prefer the peace of mind they can get when they work with an experienced bankruptcy attorney to file for Chapter 13 bankruptcy and obtain a fresh start. Source: San Francisco Chronicle, ?Arizona sues 2 mortgage relief companies,? Aug. 16, 2012
Source: phoenixazbankruptcylawattorney.com

Video: Get out of Debt

Las Vegas Bankruptcy Attorney

This report explains the mortgage settlement and its required implementation probably better than just about anything else that has been available. Mr. Smith is showing that he wants his role in the process to be transparent. ?He?s also encouraging participation in various ways. His website, www.mortgageoversight.com, provides an opportunity for homeowners to report mortgage problems with their bank related to the settlement, ?to help the Monitor better understand how servicers are treating their customers across the country.? He is also asking anyone who works with homeowners on their mortgages to inform him about problems they encounter in which a bank is not implementing the requirements of the settlement. He sponsors webinars to help those professionals ?inform the oversight process.? He even has active YouTube and Twitter (@MSOversight) accounts as additional ways of distributing his news and information. Regardless what one thinks of the terms of the mortgage settlement itself, Mr. Smith seems committed both to providing a lot of information about the settlement?s ongoing implementation, and to inviting homeowners and their helpers to tell him about any possible problems with that implementation.
Source: bankruptcyattorney-lasvegas.com

Debt Relief Lawyer California

Our firm prides itself on giving individual client attention, quality legal services, and affordable prices to all clients. We believe that clients should feel welcome and comfortable every time they walk into the office. Our law firm also works hard to make sure that clients are involved in all aspects of their cases, and our staff takes time to educate clients about their legal matter so that clients are well informed about the progress of their case.
Source: postfreeclassifieds.us

Clients consider bankruptcy after theft by debt relief agency

Chapter 7 bankruptcy may not be the right solution for everyone, but it can provide a reliable debt relief option for people struggling under unmanageable debt. Chapter 7 bankruptcy can discharge many of the debts of people who have few valuable assets and who do not earn enough income to keep up with payment demands. Assistance from a reputable and experienced bankruptcy professional can help avoid the uncertainties of getting involved with a potentially shady debt relief agency.
Source: stlouisbankruptcylawattorney.com

Senate votes to extend mortgage debt relief law

The debt relief law was enacted in 2007 as a way to relieve homeowners of high federal income taxes that they would otherwise be required to pay on amounts forgiven on their mortgages. The law saves many homeowners from additional financial stress that they would otherwise experience when their home is foreclosed or when they leave their home following a short sale. For many families in Illinois and throughout the U.S. it has provided a much needed financial break.
Source: youngbklaw.com

Phoenix Bankruptcy Attorney Blog

According to reports, however, some credit card companies are increasingly relying upon flawed practices ? faulty documents, generic testimony/affidavits and deficient records ? to accomplish this. Even worse, some legal professionals are reporting instances in which credit card companies are attempting to collect from consumers who have already paid down their balance or misrepresenting the size of the debt actually owed.
Source: maricopacountybankruptcyattorney.com

Why Choose a Debt Settlement Attorney?

For some people, such as those who work in the financial sector, filing for bankruptcy is the equivalent of career suicide, which leaves debt settlement as the only option. Seeking a debt settlement is a means of getting relief from crippling debt while maintaining a credit record that does not disqualify one from employment options. For other people, debt relief by way of debt settlement is nothing more than a way to avoid the black mark of bankruptcy for reasons of either embarrassment or maintaining a spotless credit record. Additionally, debt settlement is a faster process than filing for bankruptcy. After fixing the debt settlement attorney a list of delinquent debts, all that is left to do is wait for word of a settlement. Once the settlement is paid, the borrower is free of the debt for good.
Source: associatedattorneys.com

Bankruptcy or short sale; what?s best route to debt relief?

Short sales may help a struggling homeowner sell their house. There is a price. The process can be time consuming, and there is no guarantee the sale will actually close. Lenders have to approve the sale since the house is most often sold for less than the balance of the mortgage, and the bank will have to forgive the portion of the debt from the sale price up to the amount owed on the mortgage. In order to qualify for a short sale, homeowners typically have to show lenders they are in a clear hardship situation. To show this lenders often require a lot of paperwork, and sometimes more than once.
Source: spokanevalleybankruptcylawyerblog.com

The Federal Nature of Bankruptcy Law

Bankruptcy law and the bankruptcy process appears to vary from state to state because of several factors. First, in the Bankruptcy Code our Congress allowed each state the option of using federal law to determine what property can be kept or retained by an individual debtor in bankruptcy or to ?opt out? and use its own state laws to determine what property is exempt. In addition the bankruptcy court will use state law to determine several points of law required to be resolved in a bankruptcy case. Some examples are as follows. Was a valid lien placed on property? Was a contract made between the parties? Was the amount of money required to be paid to former spouse under the terms of a divorce decree support or a debt?
Source: bankruptcylawyersfl.com

Mortgage Forgiveness Debt Relief Act of 2007: Extension coming?

Readers may remember us posting earlier this summer about the Mortgage Forgiveness Debt Relief Act of 2007, which was set to expire at the end of 2012. Pennsylvania homeowners who may find themselves struggling financially may be relieved to know that this Mortgage Forgiveness Debt Relief Act could be extended through 2013. The Senate Finance Committee managed to garner enough votes to pass the bill before their summer recess began. Of course, the bill will still need to be voted on by the entire Senate before it can move on.
Source: pa-bankruptcylaw.com

Department of Justice warns against debt relief scams

Getting clear of overwhelming debt can be a formidable challenge under any circumstances, and sometimes is simply not a realistic possibility. Getting caught in the snare of a fraudulent debt relief scheme can make the problem even worse. Although a legitimate debt relief program will work for some people, others will need a more comprehensive and reliable solution. Fortunately for those who need a dependable solution, Chapter 13 bankruptcy and Chapter 7 bankruptcy continue to be tried-and-true methods to discharge debt and stop creditor harassment.
Source: hhtlawyers.com

Beware Phony Debt Relief by Phone, Warns Indianapolis Bankruptcy Attorney

There are lots of bogus promises being made to debtors by phone, and it?s not just the fact that I?m a debt consolidation lawyer that I say that.? The Federal Trade Commission is going after many telemarketing operations that are promising consumers low-interest credit-or-their-money-back ?deals?.? One example, reported in Consumer Bankruptcy News, is Premier Nationwide Corp. out of Phoenix, Arizona. One infuriating aspect of this whole phony-debt-collection-by-phone problem is that often it?s female homemakers who answer the phone and get taken in. All of us in the Zuckerberg bankruptcy law offices know that, because the majority of clients who seek our help dealing with debt are female. Premier is being accused of offering to consolidate clients? debts onto a new credit card, or work with their existing credit card issuers to lower interest rates and monthly minimum payments ? in exchange for an up-front fee ranging from $149 to $599.? If? Premier turned out to be unable to reduce the debt, the callers promised to provide a full refund minus a 20% processing fee.
Source: zucklaw.com

Work with a DUI attorney or choose debt relief options: Choice is yours

DUI, also called Driving Under the Influence, is a strict crime that may mess up your personal, professional and future life completely. If you are amongst those who have been accused with DUI, you must take the help of a DUI attorney. You need to know that the different states propose DUI laws every year and various punishments for driving in a drunken state. Such situations may lead you to go to jail, lose your driving license and pay a certain amount of fine. If you have car insurance, the premium amount may also increase in this case. If the premium amount becomes too high for you, you may use your plastic money to make the payment. There are chances that you may fall into credit card debts. Take the help of?debt relief?options and come out of debt worries soon. A DUI attorney emphasizes on drunken driving defense so that he may be able to bring out a difference for your case and help you solve your problems.
Source: texaslegalgroupblog.com

Riverside Short Sale Attorney

De Novo Law Firm has helped numerous Riverside and San Bernardino property owners short sale their home.? If you are seriously underwater on your home and delinquent on payments, a short sale attorney can help you determine the legal and financial consequences of a short sale.? A short sale is a sale of your property where your lender agrees to accept less than is owed on the loan.? Why would a lender agree to such a proposal?? A short sale allows a lender to avoid the cost and delays involved in a foreclosure while still getting maximum value for the property.
Source: denovofirm.com

Debt Relief and Jacksonville Florida Bankruptcy Lawyers

Just a few years out, and hopefully not returning, from one of the greatest economic crises in history, the consumer is still reeling from the effects.? Many consumers, feeling the crunch of growing credit card debt, are seeking help from companies holding themselves out as debt relief providers.? Far to often, they do not get a lawyer to represent them and, they are falling victim to fraud in a complicated web of bankruptcy laws.These companies generally offer to settle a consumer?s debt with creditors for substantially less than the debt?s principal through monthly payments that the company holds in escrow.? Unfortunately, many of these companies not only fail to fulfill their promises to consumers, but fail to offer any services at all. Companies charge large upfront fees, or multiple hidden fees.? Often, a substantial portion of a consumer?s monthly payment goes to the company?s fees, with little to nothing offered toward reducing the debt?s principal.
Source: jacksonvillelawyerhelp.com

Related posts:

1. St Louis Debt Relief Attorney
2. Naheed Amdani, Attorney: The Mortgage Foreclosure Debt Relief Act
3. Why Is a Bankruptcy Attorney Considered a Debt Relief Firm
4. Raleigh/Durham Chapter 7 attorneys give you big time debt relief
5. Why Is a Personal bankruptcy Attorney Considered a Debt Relief Bureau

Source: http://foreclosureattorneyco.com/arizona-attorney-general-over-broken-debt-relief-promises/

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