Valuing a Secured Claim: Who Knew That Retail Price Could Be So Elusive

Bankruptcy-RealEstate-Insights

21st Mortgage Corp. v. Glenn (In re Glenn), 900 F.3d 187 (5th Cir. 2018) –

In valuing a mobile home for purposes of determining the amount of a secured claim for a chapter 13 plan, the bankruptcy court declined to include delivery and setup costs. The district court affirmed, and the mortgagee appealed to the Fifth Circuit.

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THE SYSTEM OF THINGS COMES HOME TO ROOST IN OREGON!

Very interesting! It’s about time.

Clouded Titles Blog

(BREAKING NEWS – OP-ED) —  The author of this post is a consultant to attorneys on matters involving chain of title, foreclosure matters and issues related to the system of “things”. This isn’t legal advice.  It’s the system’s way of telling you something’s wrong. 

PORTLAND, OREGON … Another group of attorneys, accompanied by a non-profit Oregon civil liberties group (made up of lawyers) has decided that the Oregon Bar has violated their civil rights and wants a federal court to stop the Oregon State Bar (a Public Corporation) from mandating that attorneys HAVE TO join their little “club” in order to practice law.

As I explained previously in GUTTING THE UNDERBELLY OF THE BEAST – PART 8, two Oregon attorneys filed a challenge to the Oregon State Bar’s public statement containing political views the two didn’t agree with nor subscribe to as part of the dues they pay the…

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Illinois Supreme Court: Mortgage Foreclosure Based Upon Payment Default is Same as Action on Note

Livinglies's Weblog

First Midwest Bank v Cobo

Hat Tip to Daniel Khwaja, Esq.
Attorney at Law
ph (312)-933-4015
 

There are several points in this decision worthy of reading and digesting. The principal point interesting to me is that the court correctly decided that an action on a mortgage for nonpayment is the same thing as an action on the note for nonpayment. They are both alleging defaults on the same instrument — the promissory note.

The banks try to make a distinction particularly where they are filing a second or third or fourth lawsuit on the same deal based upon the same facts. In Illinois they have a very intelligent rule which says that if you sue and then take a voluntary dismissal, and they you sue again and take a voluntary dismissal they can’t sue a third time.

In Hawaii, the banks have brought nonsense to a whole new level…

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Another Glitch from Wells Fargo Admitted by WFB (oops 570 homes foreclosed.)

Glitch – yeah, sure!

Livinglies's Weblog

Wells is trying to buy its way out if this one with offers of $25,000 to people who lost homes worth hundreds of thousands of dollars. This is the tip of the iceberg of liability for WFB, Citi, BofA, Chase and others who have very soft and porous balance sheets where liabilities are reported. Sure they have unreported trillions offshore, but the current reporting doesn’t come close to the actual liabilities of these predatory entities.

see Yes Another “Glitch” by Wells Fargo

To find out if you were one of the 570 start with finding out if Wells caused your foreclosure and the start digging to see how to determine whether your home was one of those foreclosed. We can probably help, first fill out our intake registration form. (FREE) CLICK HERE TO SUBMIT REGISTRATION. 

It may seem like free money but actually it is blood money. They owe you…

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