For sale: underwater homes in Orlando bankruptcy court – banks get them cheap!

A bomb was dropped today on a roomful of Orlando bankruptcy lawyers who were attending the Central Florida Bankruptcy Law Association’s annual seminar.  The newsflash deals with what mortgage companies are doing to snatch the  homes of families who are seeking debt relief in chapter 7 bankruptcy court.  It all has to do with the wildcard exemption. Let me explain.        Continue Reading

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