I was mildly enthusiastic about the CARES Act immediately after it was passed because it appeared to be substantially different from the stimulus plan crafted by the federal government during the Great Recession of 2008. That package funneled trillions of dollars to the big banks and Wall Street speculators whose unfettered greed nearly destroyed the world’s financial system but did relatively little to help working and middle-class families devastated by the collapse of the housing market. … [Read more...] about COVID-19 Update 8: Thoughts on the CARES Act, Planning for life after the pandemic
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DannLaw Covid-19 Update 7
Many of our clients are still sorting through the various types of assistance offered via the CARES Act and the various executive orders signed by the President and the governor of the state in which they live. But learning about the programs and benefits that are now available is only half the equation. The other: deciding whether it’s in your best interest to take advantage of them. Making those decisions won’t be easy. The CARES Act itself is more than 800 pages long and the rules and … [Read more...] about DannLaw Covid-19 Update 7
DannLaw Covid-19 video update for April 5, 2020
Join DannLaw founder Atty. Marc Dann as he discusses the provisions of the CARES Act and offers advice on paying bills, dealing with creditors, mortgage forbearance, credit reporting, how to make sure your relationship survives the crisis, and scam artists who are already using the CARES Act to cheat consumers. … [Read more...] about DannLaw Covid-19 video update for April 5, 2020
DannLaw Update Number 6 on Corona Virus: Observations and Clarifications re the CARES Act
Now that we’ve had additional time to review the CARES Act, we would like to share some clarifications and observations along with advice about how to deal with bills and other financial obligations that may be coming due on April 1. Here are some things to consider about paying your bills: 1. Pay your bills if you can. You should take advantage of options that allow you to delay making payments if you need to, not just because they are available. 2. If you don’t have enough money to make … [Read more...] about DannLaw Update Number 6 on Corona Virus: Observations and Clarifications re the CARES Act
DannLaw Update on Covid-19 CARES Act passed by Congress and signed by the President
I’ve been involved in politics and government for over 40 years and I can say definitively that I have not seen legislation that offers as much direct and immediate relief to distressed consumers, borrowers, small business owners and tenants as the Covid-19 stimulus package, known as the CARES Act that Congress passed on Friday, March 27. You can read an analysis of the bill here. You can read the legislation in its entirety here. While I’m generally pleased with the CARES Act, I do have … [Read more...] about DannLaw Update on Covid-19 CARES Act passed by Congress and signed by the President
Important COVID-19 Crisis Update on Mortgages and Student Loans
We hope that you, your family and friends are safe and in good health. We, like most of you who live in New Jersey and Ohio have been ordered to stay home for a while. We want to assure you that we are here to help you despite the Shelter-in-Place and Stay at Home orders. You may reach us at any time by calling 877-475-8100, emailing us at intake@dannlaw.com, or calling Marc Dann's cell phone: 330-651-3131. Like us, you probably know one of the hundreds of thousands of people who have lost … [Read more...] about Important COVID-19 Crisis Update on Mortgages and Student Loans
COVID-19 Update, March 20, 2020
We don’t mean to be a pest with these updates, but information about mortgage and consumer issues that may impact our clients, former clients and friends is flowing at a fast and furious pace. Before outlining the evolving responses to the financial hardship caused by the emergency, I want to take a moment to discuss the long-term effects of this emergency. The fact is the job losses, foreclosures, repossessions, and other types of financial stress caused by the crisis will negatively impact … [Read more...] about COVID-19 Update, March 20, 2020
An Update from DannLaw on Coronavirus and Emergency Legal Issues
An important message from Marc Dann: We are open and reachable during normal business hours and beyond and you can reach me on my cell phone at 330-651-3131. Rest assured that I will either be at home or at the office because like you, I’m really not allowed to go anywhere else. We will be happy to answer any questions you have about your existing case(s) as well as the many coronavirus-related legal issues our friends and clients are facing on an almost hourly basis. If you need to speak … [Read more...] about An Update from DannLaw on Coronavirus and Emergency Legal Issues
Lessons learned in the last recession could help working families deal with the coronavirus crisis
When I woke up this morning to another stream of stories about the Coronavirus, I wasn’t worried about the impact the growing crisis was having on big banks or the stock market—as has been proved time and again, they’ll recover or be bailed out, or both. Instead, I was concerned about the people reporters obsessed with Wall Street losses ignore: people like the guy who was counting on catching up on his Christmas credit card charges by selling hot dogs at the NCAA tournament at Rocket … [Read more...] about Lessons learned in the last recession could help working families deal with the coronavirus crisis
New report confirms serious problems with Board of Revisions seizures, homeowners and local governments have lost millions in value and revenue
The Ohio Center for Investigative Journalism just published an article that documents the severe problems afflicting Ohio's Board of Revision (BOR) foreclosure process. According to the story, published in the Center's "Eye On Ohio" investigative reporting series, the BOR foreclosures have cost local governments, homeowners, and banks at least $91 million over the past 13 years. The process, created by the Ohio General Assembly in 2006, enables BORs to cease properties without going to court. In … [Read more...] about New report confirms serious problems with Board of Revisions seizures, homeowners and local governments have lost millions in value and revenue