First “Flipping,” Now “Flopping”
June 21, 2010 by Heather Culp
Back during the boom, people “flipped” houses by buying low and selling high. During the bust, that same premise is being used to “flop” houses through the use of short sales. What the article failed to address was the impact of a short sale on the original homeowner.
Until Health Care Reform Takes Effect
June 14, 2010 by Heather Culp
While a large number of bankruptcies include medical expenses, there is no such thing as a “medical bankruptcy.” Thankfully, health insurance reform will push fewer clients over the financial edge. While the full bill won’t be enacted for four more years, several changes are now in effect: More services will be paid in full, regardless [...]
Beware Foreclosure Scams Part 2
June 9, 2010 by Heather Culp
Part 1 of this series advised of free consumer protection resources for homeowners in foreclosure who receive offers to purchase their homes before the foreclosure process finalizes. THESE OFFERS ARE USUALLY SCAMS. Go into foreclosure and get sued at the same time? Why are these presumably well-meaning offers usually scams? In general terms, if you [...]
Beware Foreclosure Scams Part 1
June 7, 2010 by Heather Culp
The past few years have showed us that owners of homes in foreclosure may face a variety of potential pitfalls. One such pitfall is a foreclosure scam. These often take the form of solicitations from so-called real estate investors who would like to purchase the homes before the foreclosure process finalizes.
Nuggets of Wisdom from Kentucky Lawyers
May 24, 2010 by Heather Culp
I grew up in Kentucky, living in Lexington for 25 years prior to moving to Charlotte in 2002. I have been a member of the Kentucky Bar Association, and licensed to practice in Kentucky, since 1997, and am a graduate of the University of Kentucky. With my blood running so blue, it was a rare [...]
Texting to Collect?
May 21, 2010 by Heather Culp
We work with both debtors and creditors, which makes the issue of texting to collect on past-due debts very interesting. A South African study showed that using cellphone SMS messaging in debt collection has driven response rates as much as 200% higher than what was achieved by letters and even summonses. From the debtor’s perspective, a text [...]
