Wednesday, July 20, 2011

HUD Loan Program for Homeowners in Default

There is a great program that is offered by HUD that lends homeowners at up to $50,000 at zero interests to make up payments for mortgages that are in default. The deadline to complete the pre-screening process is July 22, 2011. Unfortunately, the program has been badly promoted and many homeowners do not know about it. Here is a link to the program:

For assistance call Tanz & Powell, LLP at 617.481.1726 or on the web at

Friday, July 8, 2011

What does a Discharge Mean in Bankruptcy?

A Discharge notice means that creditors cannot legally attempt to collect debts that were discharged in the bankruptcy. The Bankruptcy Code provides for civil and criminal penalties for creditors that continue to attempt to collect debts. The issuance of a discharge is usually the final step before the Bankruptcy Court closes out a case. For more information, call our office at 617-481-1726.