Author Archives: aframe

CNN reports that there has been an increase in bankruptcy filings by college graduates. Check out the article here. According to the Institute for Financial Literacy, between 2006 and 2010, the rate of college graduates filing for bankruptcy increased by 20%. The … Continue reading →

Bank of America recently announced that it will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year. I’m sure a substantial portion of these cuts will be aimed at the Bank’s … Continue reading →

I just read an article in the AARP Bulletin that is a must read: Many Americans have stopped paying their mortgages and remain in their homes.  This article sums up what I see in my office almost every day and … Continue reading →

On August 31, 2011, Banker & Tradesman published the following article: July Bay State Foreclosure Petitions Reach Highest Level In 2011. “More than 1,400 foreclosures were initiated in Massachusetts in July – the highest monthly level recorded so far this … Continue reading →

For those of us who continue to follow MERS in the news, here’s the latest. According to this article, “[i]n rule changes announced to MERS members on July 21, the company forbade members to file any more foreclosure actions in … Continue reading →

Have you attempted or applied for a short sale of your real estate in the past couple of years? If so, you likely had very little luck and encountered a great deal of frustration. Have you wondered why you cannot … Continue reading →

This article reveals very welcome news to some of you out there. Beginning on August 1st, the Federal Housing Administration will extend the period for unemployed homeowners to miss mortgage payments to one full year from three or four months. … Continue reading →

Since the new Bankruptcy Bill in 2005, all attorneys filing petitions have been required to verify the creditor and asset information given to them by the debtors. Aframe & Barnhill has been employing the use of credit bureau reports for … Continue reading →

I’ve recently subscribed to Massachusetts Lawyers Weekly online, which features articles and syllabi on recent case law in every field of law. Having this kind of instantaneous access to local bankruptcy precedent provides me with a much greater ability to … Continue reading →

Here’s another useful article from walletpop.com:  7 Secrets for Finding a Rental After Foreclosure. And on a related note: don’t forget to look out for offers for “Cash for Keys Agreements.” After a home is foreclosed upon, the mortgage company … Continue reading →