Home prices, savings and bankruptcies in a pandemic; Monthly Statistical Update (May 2020)
Home prices are propped up by low interest rates, for now; Saving opportunities narrow in California; Personal bankruptcies set to rise
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Tag: bankruptcy
Bankruptcy’s tie to homeownership
Does filing bankruptcy actually benefit homeowners seeking to avoid foreclosure?
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May a homeowners’ association (HOA) collect assessments from an owner after the owner files for bankruptcy?
Goudelock v. Sixty-01 Association of Apartment Owners Facts: A property owner buys a condominium...
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Is occupancy sufficient to establish residency for the purposes of claiming a homestead exemption?
In re Gilman Facts: An owner living in a residential property files for bankruptcy. The owner...
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The lull before the storm: 16 factors set to rise with interest rates
Understand how the market will be impacted by the coming era of rising interest rates.
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Low savings, personal bankruptcies and the biggest brokerages; Monthly Statistical Update (April 2018)
Savings are at their lowest since before the recession; Personal bankruptcies near their bottom; California’s growing brokerages
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Is a commercial tenant’s leasehold interest protected when the property is sold in a bankruptcy trustee’s sale?
In the Matter of Spanish Peaks Holdings II, LLC Facts: A commercial landlord and a tenant enter...
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“Spouse” now includes registered domestic partners
This law replaces “husband and wife” with “spouse” in multiple statutes affecting real estate.
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Does a bankruptcy stay stop an eviction after forfeiture of the tenant’s occupancy?
A foreclosed homeowner attempts to halt their eviction by filing for bankruptcy and triggering an automatic stay of court proceedings.
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Is a bankruptcy trustee entitled to a post-petition foreclosure settlement payment awarded to the former owner of foreclosed property listed as an asset of their estate?
A property owner files a Chapter 7 bankruptcy petition, listing their residence as an asset of their estate.
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May a junior mortgage holder collect on a deficiency after a bankruptcy court sanctioned the foreclosure sale?
An investor purchases an income property encumbered by multiple mortgages, then files for bankruptcy.
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Is a buyer’s automatic stay in bankruptcy enforceable against a trustee’s sale on property acquired after filing for bankruptcy?
The owner of a mortgaged property in default receives a notice of trustee’s sale (NOTS).
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Economy staggers through recovery, Weekly Statistical Update 04/14/2014
Economy staggers through recovery, Weekly Statistical Update 04/14/2014; More underwater homeowners bob in the black; Bankruptcies tied to homeownership; Consumer sentiment falters
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May a lender foreclose on an owner’s abandoned property when an automatic stay is in effect during the owner’s bankruptcy filing?
Facts: An owner of a commercial property filed for chapter 7 bankruptcy protection as the property...
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FHA fast tracks Millennium Boom casualties into homeownership
Homeowners negatively impacted by the Millennium Boom may gain access to FHA-backed financing earlier than anticipated. FHA-insured financing is a critical artery that funnels money to homebuyers, and by extension, California agents. More homebuyers with access to purchase-assist funds equal more fees for agents in the wake of the housing crisis.
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Community property presumption or grant deed vesting: which controls in a bankruptcy filing?
Is property acquired during marriage still community property when one spouse conveys title to the other?
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Banks forgive phantom debt, homeowners face tax consequences
Do you think banks forgiving the second lien mortgage debt of some homeowners will help these...
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Shiller: cramdowns are the cure
Offering cramdowns to underwater homeowners is the solution for the struggling housing industry,...
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Trustee’s sale terminated ownership before bankruptcy petition filed
Facts: A homeowner became delinquent on his mortgage and the lender commenced foreclosure. A buyer...
Read MoreFor cramdown, principal residence status on filing controls, not later conversion to rental
A homeowner filed a petition for Chapter 13 bankruptcy protection, listing his negative equity property as his principal residence. The homeowner later converted his petition to Chapter 11 and listed the property as investment...
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