Daily Archives: January 10, 2012 - 3 results

Posted 5 years ago in by Heather McGowan  
New Options for Homeowners Facing Foreclosure

Homeowners unable to meet their current mortgage payments may have a new remedy. Many lenders are showing a new willingness to reduce the principal owed on the property by lowering or “writing-down” the amount. The reduction brings the mortgage loan in line with current property values and borrower incomes. As foreclosures rise so, it seems, does lenders’ flexibility in offering this option: Principal write-down was used in 30 percent of private loan modifications in 2011, as opposed to only 2 …

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Posted 5 years ago in Immigration by Aaron Kase  
Softened Deportation Policy No Amnesty, Lawyers Warn

The Department of Homeland Security is shifting its resources away from low priority illegal immigration cases to concentrate on felons and foreigners posing national security risks, but immigration lawyers warn undocumented residents that the policy is no license to poke their necks out and announce their presence unnecessarily. Enforcement attorneys granted discretion to decide who to deport Immigration lawyers warn illegal immigrants to not approach authorities Record number of deportations last year   Not an Amnesty The new DHS policy, …

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Posted 5 years ago in Consumer Law by Keith Ecker  
Least Consumer-Friendly Lawsuits of 2011

Every year, thousands of individuals exercise their constitutional right to file a civil claim in court. Most often, the purpose of these lawsuits is to seek compensation for some sort of wrongdoing or injury. It’s often a difficult, time-consuming and expensive process. But a small percentage of these cases are absolutely ridiculous. These cases have been coined “frivolous lawsuits.” The U.S. Chamber of Commerce’s Institute for Legal Reform (ILR) complied a list called The Most Ridiculous Lawsuits of 2011. The …

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