In November, the foreclosure rate on outstanding mortgage loans in the metro Birmingham area was 1.58 percent.  The foreclosure rate in Birmingham was 1.81 percent in November 2010.  The national foreclosure rate in November 2011 was 3.41 percent.

Mortgage delinquencies in the area also decreased, with 6.22 percent of loans 90 or more days delinquent.  In November 2010, 6.64 percent of mortgage delinquencies in Birmingham were 90 or more days delinquent.

If you have questions about defending yourself against foreclosure, contact the Birmingham foreclosure defense attorney, Paula Greenway, at 205-324-4000 to learn more today.

Officials reported that the storms left at least 100 people injured, and more than 210 homes damaged in Jefferson County.  2 people died in the tornado that hit Birmingham at around 3:30 a.m.

In the aftermath of the storms, authorities believe 36,000 people were without power, and hundreds of people were trapped inside homes and buildings.  So far, 7 counties in the state have reported damage from the storms.

This week’s storms have been especially difficult as the state is still trying to recover from the 240 tornadoes that destroyed much of Alabama and took hundreds of lives in April 2011.

The Birmingham bankruptcy lawyers of Greenway Law, LLC are sorry for the losses experienced in this week’s storms.  To read more about this story, see AFP.

In total, 16,487 foreclosures were filed in Alabama last year.  The rate of foreclosure for 2011 was about 1 in every 132 homes.

Last month, foreclosures filings decreased by 24.3 percent from November, with a total of 1,122 foreclosures in the state.

Across the country, the foreclosure rate decreased by 34.3 percent, with 1.9 million foreclosures filed in the U.S. in 2011.  On average, foreclosures were filed at a rate of about 1 in every 69 homes.

If you or someone you know is facing a foreclosure, contact the Birmingham foreclosure defense attorneys of Greenway Law, LLC by calling 205-324-4000.

In 2010, about 1.5 million people filed for personal bankruptcy.  While about 1 in every 150 Americans filed for bankruptcy in 2010, about 1 in every 175 Americans filed for bankruptcy in 2011.

Last year, Chapter 7 bankruptcies filed in the U.S. deceased by 17 percent, and Chapter 13 bankruptcies decreased by 25 percent.  Chapter 7 and Chapter 13 bankruptcies are the most common types of bankruptcy in the U.S.

Bankruptcy filings increased slightly in late 2011.  Because of this, experts expect to see growth in bankruptcy filings in 2012.

To learn more about the benefits of filing for personal bankruptcy, contact the Birmingham personal bankruptcy attorney, Paula Greenway, at 205-324-4000 today.

Bankruptcy analysts have stated that nearly 100 cities may be nearing this option. Two large cities, Birmingham, Alabama and Harrisburg, Pennsylvania have recently filed for bankruptcy.

A city in California, Vallejo, recently just emerged from bankruptcy. They still have some debt remaining, but are now equipped  to handle them better.

If you or someone you know is struggling with debt and are considering filing for bankruptcy, you need representation on your side that can discuss all of your options. Contact the Birmingham bankruptcy lawyer Paula Greenway by calling 205-324-4000 today.

In many places, students giving teachers gifts for the holidays is not a problem.  However, teachers in Alabama who accepts gifts of monetary value can now face up to a year in jail and a $6,000 fine .  Acceptable gifts include things of nominal value, like home-baked goods.

The law — which went into effect earlier this year — also applies to public officials and employees and is considered to be one of the strictest laws concerning acceptable gifts for teachers in the country.

The Birmingham bankruptcy lawyers of Greenway Law, LLC want to wish all happy holidays and a safe and enjoyable winter break.  ABC News has more information on the new law.

AMR said that filing for bankruptcy is the best thing for the company and their customers at this time.  American Airlines had considered filing for bankruptcy for over 10 years after struggling to make profits and losing more than $11 billion.  A recent increase in fuel prices led executives to finally seek bankruptcy protection.

American Airlines currently has about $4.1 billion in cash and investments, according to the bankruptcy filing.  These assets will allow them to continue operations while they reorganize their business and pay off debts.  Officials believe that customers should not notice any changes to their service, flight schedules, or frequent flier programs because of the bankruptcy.

Contact the Birmingham bankruptcy lawyers of Greenway Law, LLC by calling 205-324-4000, if you or someone you know has questions about the benefits of filing for bankruptcy.

A total of 1.47 million bankruptcies were filed in the U.S. through September.  According to the ABI, this fiscal year’s filings were 8 percent lower than the total number of bankruptcies filed in fiscal 2010.

Overall, business bankruptcy filings were 18 percent lower in fiscal 2011 than in fiscal 2010.  Personal bankruptcy filings also decreased by 11 percent.

1.06 million personal bankruptcies were filed between January 2011 and September 2011. Samuel J. Gerdano, executive director of the ABI, stated, “The decline in consumer bankruptcies is the residue of a sustained debt deleveraging by U.S. households.”

If you or someone you know is seeking assistance filing for personal bankruptcy in Birmingham, contact the Birmingham personal bankruptcy lawyers of Greenway Law, LLC at 205-324-4000 to learn more about how we can help you.

The filing was made on Thursday.  A federal judge in Birmingham ordered a hearing in which officials will determine whether or not the county is eligible for Chapter 9 bankruptcy.

In September, the county and its creditors were able to reach a provisional agreement which included $1.1 billion in concessions.  The agreement also included an increase in sewer rates for residents of Jefferson County of up to 8.2 percent.

To speak with an experienced attorney about filing for bankruptcy in Birmingham, contact the Birmingham bankruptcy lawyers of Greenway Law, LLC by calling 205-324-4000 today.

The agency uses Residential Mortgage-Backed Security, or RMBS, Performance Metric.  Their most recent findings indicate that the rate of foreclosure on homes with delinquent mortgages has increased to 10 percent a month.

Officials say the apparent increase in foreclosures is related to last year’s discovery of problematic procedures in the foreclosure industry like “robo-signing” and the subsequent delay in many foreclosure proceedings.

Experts predict that home prices in the U.S. will drop by about 10 percent in the months to come.

If you or someone you know is facing foreclosure, contact the Birmingham foreclosure defense lawyers of Greenway Law, LLC at 205-324-4000 to discuss your situation with one of our attorneys today.