Filing for bankruptcy can be a popular choice for those looking to save their home from foreclosure or avoid deficiency judgments. If you are able to combine what is known as foreclosure loss mitigation with your bankruptcy, you could possibly save your home or other personal assets.  What follows is a look at three possible  … Read more

For a homeowner, facing the prospect of foreclosure can be a terrifying thing. No one wants to lose their home through any means, least of all through inability to make mortgage payments. Luckily for those in need, there are options available which can help delay or avoid sending a home into foreclosure proceedings. One option  … Read more

If you have an underwater mortgage and are struggling to overcome your mountain of debt, the threat of losing your home to foreclosure is a terrifying reality. Both you and your family could have to deal with the consequences. Fortunately, meeting with a Fort Worth bankruptcy attorney can provide you with the expertise to delay  … Read more

When people fall behind on mortgage payments, they usually panic and begin to take drastic actions to avoid a foreclosure. Unfortunately, such desperate actions can result in falling victim to foreclosure scams that make the situation even worse. Homeowners around the country are being duped by “loss mitigation,” “mortgage negotiators,” and similar companies or individuals  … Read more

For homeowners struggling with finances or worried about a foreclosure, refinancing is one of the most appealing options to ease their mortgage payments. Refinancing provides a new loan that’s complete with new interest rates, payments, and terms. It’s the perfect option for people financially stable enough to avoid bankruptcy, but still worried about their monthly  … Read more

For many homeowners the threat of foreclosure is an all too real reality. While the national mortgage abuse settlement has brought some return of relief for citizens, recent reports suggest that the problems in lending and the foreclosure process are far from over. Regulations Reveal Part of the $25 billion settlement aimed at ending the  … Read more

Many homeowners who have fallen behind on their mortgage payments make the mistake of assuming that bankruptcy is part of the foreclosure process. However, it’s important to note that foreclosure and bankruptcy aren’t synonymous or interchangeable terms. A foreclosure deals specifically with debts pertaining to your home, while a bankruptcy covers all unpaid debts. The  … Read more

According to research from the University of Michigan, approximately 3.5 percent of homeowners have fallen behind on their mortgage payments. This means that approximately 4.1 million American families have faced financial hardships involving their home. With the anemic economic recovery, it’s estimated that approximately 2 million families could be facing foreclosure. For many circling the  … Read more

Though the United States is recovering economically, millions still face the ultimate American nightmare: foreclosure. Regardless of income level or neighborhood, foreclosures can happen anywhere and affect anyone. The process begins when a homeowner begins missing their mortgage or loan payments and their lenders make legal moves to repossess the property to recoup lost funds.  … Read more

For many people, bankruptcy is the only option to defend against mortgage debts and the risk of foreclosure. While there are two options for managing your mortgage debts in bankruptcy, they each carry different benefits and risks. Chapter 7 When you file for Chapter 7 much of your unsecured debt can be written off, allowing  … Read more