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Former NY Knicks point guard’s condo in foreclosure

A property of former NBA star Stephon Marbury in New York City might be lost in a foreclosure due to a debt that has accumulated  since 2010, according to a report published on Wednesday, September 18.

According to the legal documents filed by the U.S. Bank International, the former New York Knicks point guard currently has an unsettled debt of $844,035 on his condo in New York. The bank is now seeking to foreclose Marbury’s property after he has failed to make a payment on his condo since March 2010. Stephon bought the two-bedroom and two-bath property that cost more than $1 million in 2006.

Stephon also had a property in Los Angeles that was foreclosed on last year.

The legal team at Greenway Bankruptcy Law, LLC, understands how frightening it is for Birmingham homeowners to face the prospect of losing their home to foreclosure. If you are in this situation, call us at (205) 324-4000 to find out how you might be able to prevent this from happening.

Governor Bentley announces new measure to protect against payday loans

On September 18, Alabama Governor Robert Bentley signed a new consumer protection measure that will help people from taking on exorbitant debts as a result of payday loans.

As the Alabama Deferred Presentment Services Act does not allow payday lenders to give people who already have over $500 in payday loan debt more loans, this new measure from Governor Bentley also helps protect lenders to remain in compliance with state law.

However, there is no existing uniform, state-wide database that ensures both lenders and borrowers will comply. Governor Bentley called for a centralized payday loan database to resolve this problem that hopefully will be operational by January of 2014.

Unfortunately, payday loans and other debts can cause individuals serious financial struggles. If you are in such a situation in Birmingham, talk with an attorney from Greenway Bankruptcy Law, LLC, today about your financial options for getting out of debt. We can discuss your bankruptcy and other financial options with you when you call (205) 324-4000.

O.J. Simpson’s Miami home to be sold after foreclosure

The home of incarcerated ex-football star O.J. Simpson will be sold soon after a foreclosure proceeding, a report on August 27 stated.

The 4,233 square-foot of Simpson in South Florida will be auctioned online on October 29 after it underwent foreclosure proceedings for almost two years. JP Morgan Chase Bank was given a final order by a judge in Miami-Dade Circuit Court. The property of convicted former NFL star owe principal and interest worth more than $796,000, and unsettled property taxes worth about $42,000.

The former football star was imprisoned for armed robbery and kidnapping charges in 2008.

Unfortunately, a lot of Americans lose their homes to foreclosure every year. Fortunately, as a resident in Birmingham, you may have options for fighting foreclosure. Call the legal team from Greenway Bankruptcy Law, LLC, at (205) 324-4000 today.

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

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