Prudential Americana features Tisha Black Chernine, Esq.
Prudential Americana hosts Tisha Black Chernine as a legal expert on the housing market in Las Vegas. Click here to watch the video.
Las Vegas Home Prices Continue To Fall
Unfortunately, Las Vegas home prices bucked the national trend by falling in May according to Standard & Poor’s monthly S&P/Case-Shiller Home Price Indices report. Prices in Las Vegas fell 0.5% from April to May and were off 6.5% compared to May 2009. As for the rest of the country, home prices in May in the […]
Will Filing for Bankruptcy Protection Affect My Job?
As Nevada continues to lead the country in per capita bankruptcy filings, many Las Vegans are concerned they might be fired or face other retaliation by their employers if they file bankruptcy. Nevada, like most states, considers employees “at will” which means that employees can be fired for any reason or even no reason as […]
REALITY CHECK: Loan Modifications Rarely Include A Principal Reduction
Las Vegans are subjected to a non-stop barrage of commercials and advertisements from people and companies promising principal reductions through loan modifications. However, the majority of loan modifications do not include a principal reduction. The majority of loan modifications come in three different forms: The lender reduces your interest rate to no lower than 2%; The […]
New HAMP Guidelines Take Effect June 1, 2010
The federal government provided new Home Affordable Modification Program (HAMP) outreach and communication guidelines for foreclosure actions while evaluating the borrower. These guidelines provide additional protection for delinquent borrowers who have filed bankruptcy but would otherwise be eligible for HAMP benefits. Some key highlights from the directive include: FORECLOSURE The servicer must evaluate the borrower’s […]
“Developers victimized by commercial real estate slump” Tisha Black Chernine quoted in the Las Vegas Business Press
A Las Vegas Business Press article discusses the growing trend of lenders coming after developers for their personal holdings Read the full story here
Rebuilding Your Credit Score After Bankruptcy
Rebuilding your credit score after bankruptcy is not as difficult as one might imagine. Whether you file bankruptcy or not the most important factor in improving your credit score is the ability to demonstrate a positive-payment history which really comes down to common sense. With that in mind, below are some common sense ideas to […]
Four Questions To Ask A Bankruptcy Lawyer Before Signing
Should I file for bankruptcy or do I have other options? While this question might be broad, it allows your lawyer to discuss all of your options. Your lawyer can discuss the benefits of Chapter 7 and Chapter 13, as well as options other than bankruptcy that you may not have considered yourself. This overview […]
Top 10 Bankruptcy Myths
Filing for bankruptcy hurts your credit for 10 years. Not True. Bankruptcy stays on your credit about 7 to 10 years. Although the bankruptcy will stay on your credit, you can start rebuilding your credit once your bankruptcy is discharged. Making current, full payments on debt is one way to start building your credit while […]
Chapter 13 – A Law With Benefits
Many debtors choose not to file for Chapter 13 bankruptcy because it requires repayment of at least a portion of their debts. Chapter 7 bankruptcy, another option, wipes out many debts entirely. In some cases, however, Chapter 13 bankruptcy IS the better bankruptcy option. Furthermore, certain debtors don’t get to choose because not everyone is […]