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.
10 Big Reasons to Get Legal Advice about Bankruptcy Before Selling Your Home
The SINGLE overarching reason to get advice from a bankruptcy attorney before selling your home is to save money, possibly a great deal of money. I’ll tell you ten ways to do so—three today and then the rest in a couple blogs next Tuesday and Thursday. 1. Avoiding judgment liens: If some creditor has sued […]
“Nightmare on Main Street,” the AARP’s Report on Older Americans Coping with the Continuing Foreclosure Crisis
This new AARP study reveals shifts in mortgage patterns with huge immediate and near-future consequences.
Your Bankruptcy Rights vs. Creditors’ Rights to “Not be Deprived of Property without Due Process of Law” under the Fifth Amendment
The U. S. Constitution doesn’t talk about it, so how does filing bankruptcy give you the power to stop a foreclosure?
Stopping the Foreclosure of Your Home Temporarily and Permanently through Bankruptcy
Both Chapter 7 and Chapter 13 can help you save your home. Which one is better for YOU? You have almost for sure heard that the filing of a bankruptcy stops a foreclosure. You may have also heard that Chapter 13—the repayment version of bankruptcy—can be a good tool for saving your home in the […]
Debts You Really Care About, and WANT to Pay
In bankruptcy, are you allowed to favor: 1) creditors with collateral, so that you can keep the collateral; 2) creditors toward whom you have special loyalty; and 3) creditors who have extraordinary leverage against you?
Another Five Ways to Save Your Home through Chapter 13
In my blog last Thursday I gave you the first five of ten big ways that Chapter 13 allows you to keep your home. Here are the other five. 6. If you need to sell your home, Chapter 13 usually gives you much more time to do so than a Chapter 7 case. More […]
Ten Ways to Save Your Home through Chapter 13
In my experience the number one reason people choose to file Chapter 13 instead of Chapter 7 is to save their home. And it’s not just because it gives you a bigger hammer against your mortgage company. It gives you a hammer, but also a whole bunch of other tools. Some are more subtle but […]
Save Your Home with 5 Powerful Prescriptions Found in Your Chapter 13 Medicine Cabinet
Chapter 13 is often the best option for holding onto your home. That may be simply because it solves one of your major home debt problems, or instead because it solves a bunch of them all in one package.