At this time and always, I am thankful for all my clients. I wish you and your families a wonderful Thanksgiving. Ralph A. Ferro, Jr.
Background: Debtors purchased a 2011 Cadillac Escalade Key factor in the purchase was the ability to accommodate a lift and wheelchair. Paid $14,000 in cash; financed $7,243. Agreed verbally to make bi-weekly payments to the auto sales company. Missed two payments before filing for bankruptcy. Filed Chapter 13 relief on December 8; the next payment […]
Longer mortgage pushes up home prices, by making it easier for buyers to manage a bigger loan. Buyers end up paying a lot more interest over the life of the loan. Principal relative to interest is very small Takes a very long time to build up equity You can still get 5-, 15-, and […]
Background Debtor and Plaintiff were neighbors Owned adjoining properties Plaintiff kept pipes and a trailer on his side to keep people off his property. Debtor did not like this and moved the Plaintiff’s trailer Plaintiff moved the trailer back on his own property Later that day, Plaintiff saw the Debtor moving his trailer again, he […]