Stripping Unsecured Junior Liens

On or about January 17, 2012, Sadek Law Office filed an adversary proceeding against a major mortgage servicer for among other things, stripping a wholly unsecured junior mortgage lien. The subject real property at issue was valued less than the first mortgage amount of $180,000.00 thereby deeming the second mortgage lien as “wholly unsecured.” Through […]

Credit Card Accountability, Responsibility and Disclosure Act (“CARD”)

This post will serve as a follow-up to the August 21, 2009 post regarding new CARD laws.  On February 22, 2010 the next wave of CARD laws go into effect.  The new enactments focus on credit card laws and regulations to improve consumer awareness and financial management.  The four (4) principal changes going into effect on […]