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Reverse Mortagage scammer gets Hammered by Submitting Fraudulent Claims

September 7, 2015 Mike Shovan

As reported in Reuters on September 4, 2015, Walter Investment Management Corp agreed to pay $29.63 million to resolve allegations that it submitted false claims

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What Children Should Know About Credit in Michigan?

August 24, 2014 Mike Shovan

Here is a very insightful post by my good friend and “credit guru” Philip Tirone with www.720CreditScore.com: “Charge it” is a phrase children hear when

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Consumer Financial Protection Bureau Issues Warning on Bitcoins

August 12, 2014 Mike Shovan

The New York Times DealBook Blog reported that the Consumer Financial Protection Bureau issued its first consumer advisory on virtual currencies, including Bitcoin, and said

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More Than 1/3 of All Americans are Delinquent on Their Debt?

July 29, 2014 Mike Shovan

A study released today by the Urban Institute found that 35 percent of Americans have debt in collections, USA Today reported today. The study, which analyzed the

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If a Creditor files a Claim against a Time Barred Debt, Is there a Violation of the Fair Debt Collection Practices Act?

July 12, 2014July 12, 2014 Mike Shovan

Yes – According to at least one US Circuit Court in a recent opinion. As reported by Robin Miller of CBAR, in an important decision

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The Sale of the Art Works held by the Detroit Institute of Arts Could Bring Less Than Half Collection’s Value

July 10, 2014 Mike Shovan

As blogged by the American Bankruptcy Institute and reported by Reuters, art expert Michael Plummer was hired by the Detroit Institute of Arts to evaluate

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How Do I Get Information About My Mortgage in Michigan?

July 5, 2014 Mike Shovan

The Real Estate Settlement Procedures Act (“RESPA”) is a federal law that give you the right to get information about your mortgage loan through a

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