What is the Consumer Financial Protection Bureau (“CFPB”)?

President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act in July 2010, which established the Consumer Financial Protection Bureau (CFPB). In January of 2012, President Barack Obama appointed Rich Cordray to be the first Director of the CFPB. The CFPB writes rules, supervises companies, and enforces federal

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Collateral estoppel: Proactive litigation strategies are crucial

Collateral estoppel| Jamie Harris in our firm recently posted about collateral estoppel in bankruptcy cases.  Collateral estoppel is one of those terms that usually ends the conversation at cocktail parties, or draws glazed looks when attorneys discuss it with clients.  I like to explain it as “you only get one

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forbearance agreements, bankruptcy

Drafting Forbearance Agreements

Drafting Forbearance Agreements:  A Road Map to Resolving a Troubled Loan             When faced with a matured loan or a borrower that is otherwise in default and lacks the funds necessary to satisfy the loan in full, some lenders are quick to resort to traditional collection methods like foreclosure.  In

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Unpaid Property Taxes

By: Jamie L. Harris, Esq. A quick note on property taxes. Timely payment of property taxes can result in the avoidance of loan default, foreclosure proceedings and long term savings. When property taxes are not paid, they are typically sold to third parties who hold the claims while they continue

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Alternatives to Foreclosure

by Jamie L. Harris If you are facing a foreclosure suit and are concerned about getting the most value for your home to reduce any potential deficiency claim, there are a number of alternatives to foreclosure:  Private Sale.  If you can find a buyer for your home prior to the

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Avoiding the National Foreclosure Crisis

Avoiding the National Foreclosure Crisis There are alternatives to foreclosure proceedings. Prevention requires action. Be aware of your financial situation, ignoring the problem will only make it worse. Waiting to ask for help may result in the loss of your home. If you are unable to make a mortgage payment

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