Mark J. Markus Bankruptcy Attorney-Board Certified Specialist

bankruptcy attorney Mark J. Markus

THE LAW OFFICE OF MARK J. MARKUS

Los Angeles California Bankruptcy Lawyer*
Practicing exclusively bankruptcy law since 1991
Free phone consults.  Office in Burbank.
*Board Certified Specialist in Bankruptcy Law

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Foreclosure Defense And Bankruptcy

When facing foreclosure on your home, you may be willing to do just about anything to keep it. A google search for "foreclosure defense attorney" will yield pages of results of lawyers. They all promise to give you the best chance of stopping a foreclosure sale on your property. Why Filing Bankruptcy Is Best To Stop Foreclosure Sales There are different ways to stop a foreclosure sale, at least temporarily,  and these attorneys will accept your money to do any [...]

2021-07-25T19:42:50-07:00March 18th, 2018|

Things Not To Do To Stop A Foreclosure Sale In Los Angeles. Bankruptcy

Stopping Foreclosure Sales:  What Not To Do I hope you never find yourself in the situation where you need to stop a foreclosure sale on your home. But many do. Bad advice and failure to plan can lead to disastrous results. I have been practicing exclusively bankruptcy law since 1991 and have gratefully helped a lot of people eliminate or restructure their debts.  However, I'd say about 25% of my consultations these days are with people who tried to "do [...]

2021-08-25T15:50:05-07:00September 23rd, 2014|

Banks Forgiving Mortgage Loans: What’s the Catch?

If your bank suddenly wipes out your mortgage, is that a good thing, or will you end up with a huge tax liability?

2021-08-12T20:56:28-07:00October 4th, 2012|

Stopping Foreclosure: Better By Prayer or Bankruptcy Planning?

A while back I wrote about the perils of waiting too long to file a bankruptcy case (see Dangers Of Waiting Too Long To File Bankruptcy). One common theme that is becoming ridiculously frequent is people waiting for loan modification approval to save their homes from foreclosure and then contacting a bankruptcy attorney on the eve of foreclosure to try to stop the foreclosure sale. I cannot emphasize this enough:  This is not a sound strategy. Prayer and Wishful Thinking [...]

2021-08-07T21:48:03-07:00October 24th, 2011|

SB 61: Eliminate Mortgage Liens in Chapter 13

On January 6, 2009, Senator Dick Durbin (D, IL) introduced Senate Bill 61 called the "Helping Families Save Their Homes in Bankruptcy Act of 2009."   The bill has several provisions, which can be analyzed by following the above link, but the main purpose of the bill is to allow homeowners in a Chapter 13 bankruptcy case to reduce the amount of liens (mortgages) against their home down to the value of the home and modify the payments.  This is known [...]

2017-08-14T21:54:26-07:00January 30th, 2009|

Short Sales or Foreclosures: Which is Better?

Is it best to short sale your property, or allow it to be foreclosed on?

2021-07-29T17:57:09-07:00September 18th, 2008|
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