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The Daily Docket: Appeals Court Reinstates Sanctions Against Foreclosure Law Firm

08/26/11

A federal appeals court has reinstated sanctions against a New Jersey law firm and attorney for attempting to foreclose on a suburban Philadelphia couple using “robo-produced” mortgage data that was fraught with errors. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Bankruptcy Judge Weighs WaMu Plan Arguments

08/25/11

A bankruptcy judge indicated Wednesday that creditors may not have to wait long to find out whether she will confirm Washington Mutual Inc.’s $7 billion Chapter 11 plan. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Cerberus Is Still Interested In Innkeepers

08/24/11

Cerberus Capital Management LP remains interested in buying 64 Innkeepers USA Trust hotels for a lower price than the private-equity firm had agreed to in a previous deal, The Wall Street Journal reports.

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Reverse Mortgages: A Popular Way to Finance Retirement – But Beware of Scam Artists

08/24/11

Reverse Mortgages: A Popular Way to Finance Retirement – But Beware of Scam Artists Many seniors enter their “golden years” with bleak prospects because of increasing debts, poor debt management and decreasing buying power. One thing many seniors have in common is their main asset — their home. Many elderly people own a home, and [...]

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The Daily Docket: Barnes Bay Reworks Bankruptcy-Exit Plan

08/23/11

Barnes Bay Development Ltd. is reworking its plan to exit bankruptcy protection under the control of Starwood Capital Group after a group of wealthy investors who put down millions of dollars in deposits on luxury Caribbean vacation residences complained they’re being short-changed. Read the Daily Bankruptcy Review story here.

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