Apr 07

Banks and Mortgage Servicers Must Report Mortgage as Current if Mortgage in COVID-19 Relief Plan

Under the CARES Act, banks and mortgage servicers must provide COVID-19 relief plans that allow homeowners to skip up to six months of payments.  The Consumer Finance Protection Bureau, a federal agency charged with enforcing consumer rights, recently clarified that banks and mortgage servicers must report any mortgage that is in a COVID-19 Relief Plan […]

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Graduation hats thrown in air Apr 03

COVID-19 Relief for Federal Student Loan Borrowers

If you have a federal student loan, you can stop paying it at no penalty until September 2020.  If you are unsure whether the loan you have is a federal student loan, rather than a private student loan from a bank, please call us.  Sometimes it is hard to tell.  We are happy to help […]

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money on envelope Apr 02

COVID-19 Stimulus Checks Are Partially Protected From Garnishment

In these COVID-19 times, many families will fall into financial trouble.  Many wage earners will not be working.  Since most New Mexican families do not have much in the bank to fall back on, and instead live paycheck to paycheck, they will not be able to make it without help.  Aware of these realities, the […]

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Mar 27

Protecting Your Family Financially in COVID-19 Times

In these COVID-19 times, it has become shockingly clear that we are all interconnected.  And that we do best when we help each other.  Stuck at home with our families, we are reminded that the little things are really the most important.  Cooking and eating together.  Art projects in the garage.  Going outside to experience […]

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Feb 10

Corporate Mortgage Servicers Are Not Set Up to Help Homeowners

It has been a long time since the corner bank loaned locals money to buy a home, kept the loan in-house and then worked with families through hard times. In today’s world, loan originators bundle mortgage loans into investment vehicles composed of thousands of loans and sell those bundles to investment banks or hedge funds.  […]

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Wooden Gavel on Book with Golden Scale on Table Jan 30

Consumer Reports Explains How Forced Arbitration Results in Defective Consumer Products

This great Consumer Reports article explains the dangers for the marketplace that result from forced arbitration. https://www.consumerreports.org/mandatory-binding-arbitration/forced-arbitration-clause-for-concern/

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Family car with dad and son Jan 14

Often the Whole Family Is Impacted

When a bank wrongfully forecloses, or a car dealer passes off a wrecked car without disclosure, or a consumer gets trapped on a treadmill of debt due to predatory payday loans, often the whole family suffers.  Mom is worried about where the family will live.  Parents are afraid to transport their kids in a car […]

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Oct 21

Wells Fargo Reports Wrongful Foreclosures Due to “Computer Glitch”

In 2018, Wells Fargo admitted that its mortgage modification software caused homeowners to be wrongfully denied mortgage modifications, leading to wrongful foreclosures.  It has continued to report that more and more homeowners have had their homes wrongfully foreclosed because of this “computer glitch.”  It has admitted to pursuing at least 500 wrongful foreclosures.  It has […]

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Judge Gavel on Open Book Sep 19

Consumers More Likely to Be Hit By Lightning Than to Win In Forced Arbitration Forums

Did you know that a consumer is more likely to be hit by lightning than to win in the forced arbitration forums provided for in many consumer contracts.  Businesses that require forced arbitration include cell phone companies, payday lenders, car dealers and others.  The arbitration provisions are hidden in the fine print and are almost […]

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Old Legal Books Aug 05

What Is Consumer Law?

Treinen Law Office only practices consumer law.  What is consumer law?   Consumer law is designed to protect everyone from rip-off or abusive businesses.  Basically, consumer law protects private citizens from lying, cheating and stealing by big corporations or small businesses.  It protects individuals that buy products or services.  It is also called consumer protection […]

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