Black & LoBello on AM720 KDWN
Listen to the Legal Hour on AM720 KDWN from October 2nd, 2013 in which in which Steven Mack, Esq., discusses road rage and motorcycle helmet laws (1:40)(14:05), illegally recorded property deeds (9:15), statute of limitations for debt (20:00), HOA super priority liens (23:05), HOA foreclosed properties (30:35) and Home Means Nevada’s Home Retention Program (32:00). Click here to […]
Nevada Probate Basics
What would happen to your assets if you died today? A proper estate plan can be the difference between an efficient, expeditious, and inexpensive distribution of your estate and an administration that takes years and costs tens of thousands of dollars. In Nevada, there are several mechanisms that can be implemented to avoid the expense […]
Excuses We Use To Maintain Credit Card Debt
No matter how many credit cards you own, never keep a balance on any of them to avoid any and all finance charges. However, many people do not have the discipline to pay off their credit cards every month and fall into credit card debt. Who knew that such a little piece of plastic could […]
6 Mistakes to Avoid On The Eve Of Bankruptcy
The months and days leading up to a bankruptcy filing can make or break your financial future, and possibly stop you from being able to file for bankruptcy. The following six (6) mistakes must be avoided if you are thinking of filing bankruptcy: Retirement Accounts Borrowing against or cashing in your retirement accounts to try […]
Equitable Subordination in Nevada
Nevada is a first-in-time recording state, which means that the lien recorded on real property first has priority over subsequently recorded liens. Huntington v. Mila, Inc. 119 Nev 355, 357, 75 P.3d 354, 356 (2003). However, there are exceptions to this rule. In cases of equitable subordination, a lien recorded first in time can be […]
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 […]
Even High-Score Borrowers at Risk of Mortgage Default
A New York Times article explains how a high credit score won’t necessarily insulate borrowers from the home-foreclosure crisis, according to a new study from FICO.
Nevada Foreclosure Mediation Program Helps Thousands of Homeowners
Nevada Supreme Court Justice James W. Hardesty announced that more than 3,400 homeowners who received notices of default have requested mediation in the Nevada Foreclosure Mediation Program as they seek to hold on to their homes. Since the program first began on July 1, 2009, 372 mediations have been conducted and another 805 mediations have […]
Bankruptcy Court Finds IRS Form 1099-C Does Not Prevent Collection of Debt
A bankruptcy court in Pennsylvania recently ruled on an issue that has been a frequent source of confusion to those working with short sales. The issue is whether a 1099-C issued by a lender to a borrower automatically relieves the borrower of liability for the debt. In other words, is a creditor prevented from pursuing […]
Behavioral Economics
The pundits are suggesting that the economic recovery will be far slower than they had originally anticipated. Despite the slug of government money and programs, the consumer is the chief factor in determining how deep and how long this recession will be. Despite moderately good news on the stock market and employment sector, consumers remain […]