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Chapter 11 Bankruptcies Out of the nine chapters of bankruptcy, chapter 11 deals with corporate bankruptcies and provides them with reorganization and liquidation for debtors. The framework for a Chapter 11 bankruptcy consists of policies such as “rehabilitation of the debtor” and “equality of treatment of creditors”. It also includes structural components like principal actors, ...

At De Novo Law Firm, our short sale attorneys are often asked about how a short sale works and why a client would want to consider a short sale. With the economy being down and the housing market downturn in Riverside, San Bernardino, Ontario, and Corona, many homeowners owe more on their properties than they ...

The California modification attorneys at De Novo Law Firm recently obtained a loan modification with OCWEN.  The loan was previously owned by GMAC but was sold to OCWEN.  As a result of the sale, our office was able to finalize the modification with OCWEN.  OCWEN has become one of the largest loan servicers and has ...

The foreclosure litigation attorneys at De Novo law firm can help you determine whether your loan qualifies for a claim under predatory lending.  One indication of a predatory loan may be a lump sum payment.   This term is called Balloon payments.  Usually, the interest rates on these balloon loans are low, fixed interest rates that ...

A foreclosure litigation attorney will help their clients consider all their claims against their lender and loan servicer.  One area of claims that receives a lot of attention is predatory lending.   Predatory lending is a claim that the bank has engaged in abusive lending practices.  Such claims are not new, but homeowners have begun to ...

The short sale attorneys at De Novo Law Firm have advised numerous clients on foreclosure alternatives including short sales.  A common question I am asked is what effect a short sale will have on credit.  A short sale is an alternative to foreclosure but will still negatively affect your credit.  This is because the FICO ...

The loan workout attorneys at De Novo Law Firm recently obtained a loan modification with Chase bank on a multi-unit investment property.  Our client purchased the investment property with her husband a few years ago.  After her husband passed away, she had trouble maintaining the property and keeping up with payments.  Through the modification process, ...

At De Novo Law Firm, our loan modification attorneys start the loan modification analysis by considering who owns the loan.  Chances are that your loan is backed by Freddie Mac or Fannie Mae. Both entities are government-sponsored enterprises (GSEs), meaning they are privately owned but receive government support.   Freddie Mac and Fannie Mae work with ...

Many of our clients have asked us what options one has if they can no longer make their mortgage payments and want to avoid foreclosure. One of the few options is to consider a short sale. So, how does a short sale work? In a short sale, a bank agrees to accept less for a ...