Jump to Navigation

January 2013 Archives

Consumers to be better protected under new mortgage rules

Earlier this month, the Consumer Financial Protection Bureau (CFPB) enacted new rules aimed at protecting homeowners from lender abuse, unanticipated fees and inadequate service by mortgage servicing companies. Under the newly finalized rules, these companies will aid homeowners in good standing, those seeking loan modifications and those attempting to avoid foreclosures in a variety of ways.

Former homeowners plagued by "zombie" debt

When homeowners are placed in a position where they must give up their residence, the loss can be profound. However, receiving final foreclosure papers can also be a relief for many individuals who have become exhausted by the process of fighting for their homes. In many instances, foreclosure is like divorce. It can be terribly painful, but it can also serve as an opportunity for taking the next step in one's life in a fresh and positive way. Once the burdens of mortgage payments are relieved, one can often breathe easy enough to envision the next step to be taken.

What will your financial life look like after bankruptcy?

Tens of thousands of Americans file for bankruptcy each month in an effort to regain solid financial footing in the long-run. January, with its fresh start symbolism, may be an excellent time for some individuals to file. However, many people are hesitant to file because they have not been properly informed about frequently asked questions related to life after bankruptcy.

Free Case Evaluation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Subscribe to this blog's feed FindLaw Network
Marrs & Terry | Personalized, Efficient Counsel | Office Locations

Ann Arbor Office
Marrs & Terry, PLLC
6553 Jackson Road
Ann Arbor, MI 48103

Phone: 734-418-0365
Toll Free: 866-665-8095
Fax: 734-663-9973
Ann Arbor Law Office Map

Jackson Office
Marrs & Terry, PLLC
209 E. Washington, Suite 258
Jackson, MI 49201

Phone: 734-418-0365
Toll Free: 866-665-8095
Jackson Law Office

Credit Cards Accepted | VISA | MasterCard | American Express