Anyone who has ever watched television or dealt in-person with debt collectors in Cincinnati knows how sneaky they can be. Generally, there are certain rules set out by the Fair Debt Collection Practices Act that creditors must follow when calling about a debt. These...
Month: June 2015
Court rules in favor of banks on second mortgages.
Chapter 7 bankruptcy is widely thought to be a proceeding through which all of a person’s debts can be discharged. There are certain exceptions to this rule, however, which further emphasize the importance of having professional advice before deciding whether to file...
Supreme Court changes bankruptcy law
For many years, conventional wisdom and practice has stated that, during bankruptcy, certain debts would automatically be lessened or even eliminated. One of these was second mortgages. According to the U.S. Supreme Court, this is no longer the case. In a recent...
Ohio foreclosures rates continue to fall, but still high
A new report shows that foreclosure rates have fallen since 2011, but are still twice as high as the average rate in the 1990s. 2014 saw a drop of nearly 20 percent over 2013 with only about 44,000 homes foreclosed upon. But, with the average 20 years ago being about...
