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Man's $140 Sewage Bill Leads to Foreclosure by Kevin Judd





Article Author Biography
Man's $140 Sewage Bill Leads to Foreclosure by
Article Posted: 08/13/2012
Article Views: 59
Articles Written: 34
Word Count: 156
Article Votes: 0
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Man's $140 Sewage Bill Leads to Foreclosure


 
Law,Finance & Investment
An NBC News article recently told the sad tale of Dominick Vulpis, 60, who received a $140 sewage bill four years ago from the city of Middletown, N.J., which he was unaware of until he was notified that his home was in foreclosure . The city sold a lien on Vulpis’ home to a private investor, who secured an interest in the property.

According to the NBC story, Vulpis was able to save his home with the help of an attorney who helped him settle with the investor. If Vulpis were unable to reach a settlement, he could have filed for a bankruptcy, which would have generated an automatic stay, preventing his lenders from foreclosure. An automatic stay could have afforded Vulpis the time to renegotiate the terms of the mortgage with his lender or work on other housing options.

Kevin D. Judd

Law Firm of Kevin D. Judd

Related Articles - bankruptcy, Chapter 13, Chapter 7, foreclosure, maryland bankruptcy attorney, washington dc bankruptcy attorney,

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