Attorney Melchionne cited by Waterbury Republican-American on Foreclosures
Friday, Oct 16 2009 Filed in:
What's New
In response to
continually increasing foreclosures, The WAterbury
Republican-American newspaper called on Attorney Melchionne to
comment. Not surprised by the increase, Attorney Melchionne
explained that many variable rate mortgages have not yet had their
first rate resets which will result in "sticker shock" when
payments increase by 50% or more. When coupled with rising
unemployment, layoffs, and work cutbacks, foreclosures will
increase putting further pressure on falling real estate prices.
Read the story here.
Attorney Melchionne interviewed by CBS Evening News on Foreclosure Issues
Friday, Oct 09 2009 Filed in:
What's New
Attorney
Melchionne was intereviewed by the CBS Evening News along with his
clients, Jeffery and Shari Lee, regarding the failure of mortgage
modificiations in foreclosure. The interview was accompanied by a
report by the Congressional Oversight Panel on the Federal Bailout
headed by Harvard Professor Elizabeth Warren. The report reveals
that modifications on mortgages in default are occurring slower
than the number of mortgages falling into default. Somewhere
between 10 to 12 million homes are expected to be foreclosed in the
next two years and that the real estate market is unlikely to
recover until 2013. View the video.
Attorney Melchionne elected President of Bankruptcy Law Network
Monday, Jun 01 2009 Filed in:
What's New
Attorney Melchionne featured in Article on Foreclosures
Wednesday, Oct 08 2008 Filed in:
Foreclosure,
bankruptcy, mediation
Attorney Melchionne was featured in an article in the Waterbury
American Republican on October 8, 2008 dealing with the mediation
program in Connecticut on foreclosures. Although the program has
only been in effect for three months, it is a dismal failure
because only 3% of cases are successfully mediated into a
modification of the mortgage and a new payment plan. The article
can be found
here.
Attorney Melchionne is Speaker at NACBA Fall Workshop
Friday, Oct 03 2008 Filed in:
What's New
Attorney Melchionne spoke to over 500 members of the
National Association
of Consumer Bankruptcy Attorneys
today in Hilton Head, South Carolina. Speaking with Attorney
Jay
Fleischman
of New York and Attorney Catherine
Moran
from California, the topic of office automation and organization
was well-received. Subjects included document management,
appointment scheduling, communication with clients and use of
computers in the courtroom.
