Is the Recession Over or Is That Just What Orwell Would Have Us Believe?

By
Services for Real Estate Pros with Law Offices of Louis J. Esbin
Check out the article that I wrote and just posted to my website www.louisesbin.com. I attempt to discuss what led us to the current economic situation and why bankruptcy reform defeated in the Senate would have been good for all of us. Please let me know your thoughts once you have read the article, even if you do not agree with me. The First Amendment is alive and well, and site such as this prove it's so daily.

Comments (3)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

We don't have to go to another web site.  I have been advocating loan modification through the bankruptcy court for 2 years. 

Congress failed.

Aug 29, 2009 11:21 AM
Louis Esbin
Law Offices of Louis J. Esbin - Santa Clarita, CA

Lenn,

The only reason that I point to my website is that I cannot post the article in its entirety to this site.  If you would like, I can email it directly to you.  And, thank you for supporting the legislation that would truly be "Hope for Homeowners."  Many of your colleagues oppose bankruptcy modification of loans in fear of losing out on short sales.  My point is that preserving home ownership will stabilize the market and marketplace, actually increasing the number, amount and value of homes for sale.

Lou Esbin

Aug 30, 2009 07:51 AM
Louis Esbin
Law Offices of Louis J. Esbin - Santa Clarita, CA

August 2009 Bankruptcy Filings:

All of Texas: ch 7 - 2,355, ch 13 - 2,666.

All of New York: ch 7 - 3,672, ch 13 - 797.

All of California: ch 7 - 14,108, ch 13 - 4,145.

All of Michigan: ch 7 - 4,589, ch 13 - 792.

All Hawaii: ch ...7 - 209, ch 13 - 46.

Central District of California (LA, OC, Riverside, San Bernardino, Santa Barbara, Ventura Counties): ch 7 - 7,464, ch 13 was 2,180.

Central District of California had more filings than entire states of Texas and NY.

Provided by the Bankruptcy Data Project.

Sep 13, 2009 06:03 PM