foreclosure
The Advantages and Disadvantages of a Short Sale
Living in a recession is difficult for most people, especially US homeowners that are living from one paycheck to the next. They often wonder how they will keep their mortgage payments current and prevent foreclosure of their property.
Oftentimes, misinformed homeowners are led to believe that entering into a short sale agreement with regard to their [...]
Homeowners should Beware of Mortgage Scams
Homeowners across the US should beware of so-called mortgage counselors that are making money taking advantage of financially strapped homeowners. These companies are charging fees ranging from a couple hundred up to thousands dollars to modify home loans under the Obama administration’s Recovery Plan.
Approximately 100 homeowners throughout the country have been scammed by [...]
Can Chapter 13 Bankruptcy Prevent Foreclosure?
The short answer is Yes.
Chapter 13 bankruptcy is typically designed to help working individuals protect assets like their home and automobile while adhering to a plan that ensures your creditors are paid. You can seek the help of an experienced bankruptcy lawyer in structuring a three to five year payment plan that will allow you [...]
Save your Home from Foreclosure
Are you on the verge of losing your home to foreclosure?
Chapter 13 bankruptcy offers homeowners some advantages and in most instances, chapter 13 bankruptcy can save your home from foreclosure.
Under chapter 13, you are allowed to “stay” foreclosure proceedings and present a three (3) to five (5) year repayment plan to the court that [...]
Is it the end of the housing crisis?
The National Association of Realtors released a report on June 9th, 2008 stating that pending home sales in April 2008 increased nationwide by 6.3 percent from March 2008, defying the prediction that the index would remain steady. This is the biggest one-month gain since 2002, interrupting a 5-month streak of declines. The National Association of [...]
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