Author Archives: Win Mims
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A recent report entitled, “Florida Homeowners Foreclose On Deadbeat Banks”, provides an interesting and unusual commentary on one effect of the on-going “soft” real estate market, especially for an “REO” property which the lender is unable to sell or rent. REOs (Real Estate Owned) include homes foreclosed by a lender which the lender still owns. Lenders at a foreclosure sale with “no bid”… Read More »
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For me, the keystone or centerpiece of all of the interacting parts of the Bankruptcy Code is the automatic stay. The stay is the fundamental shield available to our clients who file for relief from creditors in a Chapter 7 or Chapter 13 case and shields you and your assets from any collection activity by your creditors. The stay arises automatically… Read More »
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In many Chapter 7 and 13 cases, our clients decide to maximize the benefits of their “fresh start” by surrendering to the lender all of their “rights, title and interest” in an “underwater” residence or rental property or a property with predatory loan terms. In Georgia, these properties usually are secured by a security deed (Deed To Secure… Read More »