Minnesota Debtors can Compel a Bank to either Foreclose or Accept Deed to a Zombie Property
On September 1, 2015, the honorable Judge Michael Ridgway of the US Bankruptcy Court for the District of Minnesota joined several other...
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Lynn Wartchow
- Dec 18, 2014
- 4 min
Congress Extends the Income Exclusion for 1099...
Congress Extends the Income Exclusion for 1099 ‘Forgiven’ Mortgage Debt to Tax Years 2015 and 2016 For a more detailed discussion on tax...
Lynn Wartchow
- Jul 10, 2014
- 4 min
What are the Options for a Home Mortgage in Bankruptcy...
What are the Options for a Home Mortgage in Bankruptcy: Can I Strip a Second Mortgage in Bankruptcy or Chapter 13? The answer is that it...
Lynn Wartchow
- Jan 22, 2014
- 4 min
How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners...
How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners who are in Default on their Mortgage or in...
Lynn Wartchow
- Oct 31, 2013
- 2 min
How to Postpone the Sheriff’s Sale: Minnesota Statutory Postponement of Foreclosure Sale
In Minnesota, homeowners can apply for a postponement of the sheriff’s sale scheduled in a foreclosure process. So long as the...
Lynn Wartchow
- Nov 30, 2012
- 3 min
Homeowners Associations and Bankruptcy: How Does Bankruptcy Affect My Condo or Townhome and My Assoc
The prevalence of condo and townhome development in the mid-2000s throughout Minneapolis and the suburbs was hit especially hard by the...
Lynn Wartchow
- Jul 24, 2012
- 3 min
Foreclosure in Minnesota: Know the Process, Timeline and How Bankruptcy Can Help
Home foreclosures in Minnesota are common and arguably are even on the rise despite an improving real estate market. In April 2012, the...
Lynn Wartchow
- Jun 7, 2012
- 2 min
Common Reasons for Filing Chapter 13 Bankruptcy
For some people, the bankruptcy code and rules may dictate that you simply do not qualify for Chapter 7, in which case the alternative is...
Lynn Wartchow
- Apr 10, 2012
- 2 min
When Will I Owe a “Deficiency” after Foreclosure in Minnesota? It Depends.
Under some circumstances after foreclosure, a deficiency may still be owed on a foreclosed property. A deficiency or “deficiency...
Lynn Wartchow
- Mar 9, 2012
- 3 min
Received a Form 1099-C on Foreclosed Home? You May Qualify for the Mortgage Forgiveness Exclusion to
If you receive a Form 1099-C reporting ‘debt cancellation’ income after a home foreclosure, you may qualify for the Mortgage Forgiveness...
Lynn Wartchow
- Oct 11, 2011
- 3 min
Chapter 13: Not Always a Gloomy Diagnosis in Bankruptcy
Inevitably, many people will be told they do not qualify for Chapter 7 and must do a Chapter 13 if they want to file bankruptcy. Often I...
Lynn Wartchow
- Sep 23, 2011
- 2 min
Bankruptcy May Increase Your Options in Foreclosure
Foreclosure is a common predicament faced by many people filing bankruptcy, and is an issue that affects homeowners at every income...
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