Quick Rules about Preserving Your Home through Bankruptcy
When does filing bankruptcy save your home? When is “straight bankruptcy”—Chapter 7—the right tool, and when do you need Chapter 13? If your most important goal is to preserve your home, here’s how each kind of bankruptcy helps (or doesn’t help) in circumstances which may apply to you. 1. If you’re current on your home […]
The Nitty-Gritty about Catching Up on Your Mortgage through Chapter 13–Part 2
More answers about how Chapter 13 gives you up to 5 years to catch up on your past-due mortgage.
Independent Monitor Releases 1st Report on the Bank’s Compliance with the National Mortgage Settlement
This report provides tons of accessible information, lots of clear graphics. Includes a detailed timetable, and state-by-state compliance data.
The Costs and Benefits of Surrendering Collateral in Chapter 13
Chapter 13 buys you flexibility when you want to keep your home or vehicle, but might need to surrender it after all. But it’ll cost you.
Power Over Your Secured Creditors in Chapter 7
Your secured creditors are often the ones you most care about, because the creditor can take your collateral. Chapter 7 strengthens your hand, improving your options.
State Sued for Diverting $50 Million from its Foreclosure Settlement Fund
The state with the highest foreclosure rate, Arizona, is being sued for violating the settlement’s federal consent judgment by not using the funds for helping homeowners.
Some States Are Not Using Their Foreclosure Settlement Funds to Help Homeowners
States recently received $2.5 billion from the major banks for foreclosure prevention and related help for homeowners. But much of that is not being used for those purposes.
Final Reasons to Get Legal Advice Before Deciding to Sell Your Home
Bankruptcy gives you a wide range of tools that can help you keep your home or sell it on your own schedule. Many of these tools provide surprising advantages for you. Especially when it comes to your home, know your options before you make decisions. This is the last of a series of three […]
Know This Before Deciding to Sell Your Home
If you’re a homeowner who is selling his or her home for any of the following three reasons, think again: 1) you can’t afford the house payments, 2) you owe income taxes with a tax lien on your house, and/or 3) your mortgage modification application was rejected. A couple blogs ago I told you […]
AARP Report Says More Older Americans Now Still Have Morgage Debt, Larger Mortgages, and So–Surprise–More Foreclosures
Not only is the foreclosure rate climbing for older mortgage holders, it is climbing faster than it is for younger ones.