Bankruptcy Attorney

Mark J. Markus has practiced exclusively bankruptcy law in Los Angeles, California since 1991.

Go to the Law Office of Mark J. Markus main webpage.for more information and to schedule a consultation.


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foreclosures and short sales

SB 61: Eliminate Mortgage Liens in Chapter 13

Friday, January 30th, 2009

On January 6, 2009, Senator Dick Durbin (D, IL) introduced Senate Bill 61 called the “Helping Families Save Their Homes in Bankruptcy Act of 2009.”   The bill has several provisions, which can be analyzed by following the above link, but the main purpose of the bill is to allow homeowners in a Chapter 13 bankruptcy [...]

Short Sales or Foreclosures: Which is Better?

Thursday, September 18th, 2008

There is an epidemic of people defaulting on their mortgage payments, as everyone knows. Real estate brokers are pushing hard to have people do “short sales” on their properties, instead of allowing them to go to foreclosure. In most circumstances, this is a very bad idea. What is a short sale? A short sale occurs [...]