By Robert (Bob) Schuman, Owner/Managing Broker, Network Financial Group Is it 2008 again? For us in the mortgage industry, we woke up this week feeling as if during the night, we were transported back to 2008 when the mortgage industry basically collapsed. Then, Fannie Mae, Freddie Mac, and the FHA were the exceptions. As of March 25, 2020, like everything...
From the Editor – Rule 3002.1
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By The Honorable William Houston Brown (Retired)
Mortgage creditor entitled to postpetition fees and costs but amount reduced. The Chapter 13 debtor was bound by state court’s determination that creditor was entitled to enforce the mortgage that had been transferred, and the contract provided for reasonable attorney fees. The requested fee of $72,671 was reduced to $62,475 to reflect that the creditor’s unsuccessful pursuit of a title insurance claim was not a reasonable expense for the debtor to pay. In re Marks, 548 B.R. 703 (Bankr. D. S.C . . .
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