Bankruptcy and Foreclosure Proceedings If you are struggling to meet your financial obligations, and have fallen behind on your mortgage payments, you may be worried about a foreclosure proceeding and the loss of your home. You may be considering … [Read more...]
Will the Short Sale of Your Home Damage Your Credit Rating?
If you are behind on your mortgage and facing potential foreclosure proceedings, is it better to dispose of your property through a short sale (where you sell your home for the market value, even though it’s less than the amount remaining on the … [Read more...]
What is a Reaffirmation Agreement and Should I Sign It?
When you seek protection from creditors through a Chapter 7 liquidation proceeding, you have the right to reaffirm any debts, such as a vehicle loan. When you sign the reaffirmation agreement, you voluntarily waive the right to discharge the debt on … [Read more...]
Can You Prevent the Loss of Your Home or Car by Filing for Bankruptcy Protection?
If you have fallen behind on your mortgage or car payments because of the loss of your job, medical expenses, a divorce, or for any other reason, you may live in daily fear that you will lose your home or your vehicle. You may have considered filing … [Read more...]
If You Owe Money on Your Home, Do You Really Own It?
If you are like most people, when you buy a home, you finance most of the purchase with money borrowed from a bank, mortgage company, or other lender. When you do, the lender secures their loan to you through a mortgage. Does this mean that the bank … [Read more...]
