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Foreclosure Crisis Ready to Strike Lehigh Valley
Here it comes folks. I’ve been warning about this since October and believe me, I want to be wrong. In April 2010, 50% of the adjustable jumbo-loans (mortgages over $417K) are set to adjust. For the...
View ArticleTime For Bankruptcy To Turn The Next Chapter
It has been a while since I have posted, and I apologize for the silence, it was not intentional. The law practice has been very busy and we hired one paralegal and will be hiring another paralegal at...
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The Dirty 80/20
During the housing boom, mortgage lenders came up with new and exotic mortgages to put people in homes. One of the most common mortgages was an 80/20 mortgage. You would be given a first mortgage...
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I’m Unemployed and Running Out of Money, Now What?
Since the Obama Recession (you know the recession Obama inherited from Bush and then made worse) hit in 2009, a lot of people have been hurting financially. Yahoo’s article this afternoon is a good...
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An Act 91 Notice Doesn’t Mean You Have to Move Right Now!
One of the gravest mistakes I’ve seen people make is moving soon after they are served an Act 91 notice (In Pennsylvania that means it is an intent to foreclose by the bank). An Act 91 notice is the...
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Why Should I Defend My Foreclosure If I Want To Leave My House?
Every couple of days, I have to have what is now lovingly called “the come to Jimmy” (A play off the come to Jesus moment) conversation with a client or a potential client. This is the conversation no...
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In Defending a Mortgage Foreclosure Case, Ask What Is Missing?
I hate to admit it, but foreclosure attorneys in Pennsylvania are getting better… much better. Mistakes that were being made three years ago aren’t happening anymore. Now when I get a foreclosure...
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Foreclosure Lawsuit: Anything That Could Have Been Done Wrong Was
Pennsylvania is a judicial foreclosure state. What that means is for a lender to foreclose on your home, they must get approval from a judge to foreclose. The first step to foreclosing in Lehigh...
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The Anatomy of a Debt Buyer Lawsuit: The Complaint
Filing a lawsuit in Allentown Pennsylvania requires a specific document and procedure to be followed. You cannot just pull a Michael Scott (protagonist in ‘The Office’) and walk out of your office and...
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The Anatomy of a Debt Buyer Lawsuit: Preliminary Objections
So you have just gotten your complaint in the mail and have read it. What do you do now? Well if you are in Lehigh County, the smartest move is to call 610-928-1233 or email jim@padebt911.com and...
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The Anatomy of a Debt Buyer Lawsuit: The Answer
In my previous post, I discussed preliminary objections, and if you haven’t read it yet you should check it out here. Today’s post is about the answer. When you have a complaint filed against you in...
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