Wow! I have been a real estate attorney for thirty years and for perhaps the first time a real estate legal issue is making the news: Can a first mortgage be refinanced or modified without the consent of the second mortgagee? President Obama unveiled his $275 billion housing bailout yesterday, the core of which is mortgage modifications or
Yesterday my daughter and three of her friends were visiting our home. All four had graduated college last June and all are fortunate to have jobs. These young adults were all concerned about the economy, and asked me what I thought they should be doing by way of saving or investing. They had all heard the usual advice. But, they were smart
Americans have a love-hate relationship with credit cards. On the one hand, it is hard to argue with the amazing convenience of this little piece of plastic. In fact today there are almost a billion active credit cards in the United States -- more than 2 cards for every man, woman and child in the country. The problem is that at times credit
Last Friday's (January 30) New York Times front page included an article about legal fees: "Billable Hours Giving Ground at Law Firms." This article raised the question whether clients were being treated fairly when the measure of a legal fee is the attorney's time expended. An obvious concern is whether an attorney compensated solely on the
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