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To: Snowshoe who wrote (29914)2/25/2008 8:52:03 PM
From: Road Walker  Respond to of 217754
 
re: Bankruptcy Boot Camp: Basic training in bogus mortgage fees

Better yet....

walkaway.com

Great advice on how to "walk away" from mortgage.



To: Snowshoe who wrote (29914)2/25/2008 8:52:58 PM
From: Ilaine  Read Replies (1) | Respond to of 217754
 
Way cool! Max's Boot Camp being touted on SI!

I belong to a NACBA listserv, and Max is one of the stars of the listserv.

Bootcamp sounds like a lot of fun, but I get a lot of freebie stuff on the listserv.

(NACBA = National Association of Consumer Bankruptcy Attorneys).

I lobbied my congress critters for NACBA a couple of weeks ago, there was a NACBA-speared effort to get our point of view ahead of the vote (which might come as early as tomorrow) on a bankruptcy reform bill that would allow homeowners to "cram down" their mortgages to fair market value.

Every form of consumer debt can be restructured in a 13 except for the primary residence, so my clients are telling me "fageddaboudit" and letting the house go. It's a scary phenomenon.



To: Snowshoe who wrote (29914)2/25/2008 8:54:44 PM
From: Ilaine  Respond to of 217754
 
By the way, the bankruptcy judges are aware of the junk fee problems, and they don't like it. Rulings are starting to come down.

In NACBA, we trade briefs and post cases.

Jolly lawyer fun, not always an oxymoron.