The bankruptcy process has many features that can greatly benefit those in financial hardship. When debts become unmanageable, many people have successfully resolved their debts through bankruptcy. In fact, one of the most sought after benefits of bankruptcy is its ability to stop or prevent a foreclosure on a home. While filing for bankruptcy can  … Read more

Losing your home to foreclosure is bad enough, but what about the additional effects?  There a growing trend of homes entering foreclosure, as well as a growing trend of negative outcomes experienced by those who have lost their homes to foreclosure. Unfortunately for many, losing a home to foreclosure is just the beginning. The Domino  … Read more

Each state has varying laws on how it handles foreclosures. These law variations can significantly affect how a homeowner’s foreclosure process is managed. Arkansas is a non-judicial state, in which foreclosures are handled outside of the court system. However, a recent dispute with mortgage lender J.P. Morgan Chase lead to a court ruling that could  … Read more

Many factors appear to correlate with foreclosure numbers in neighborhoods around the United States. Bankruptcy filings, dropping home values and increased mortgage default numbers all go hand in hand with the likelihood of a foreclosure located within a particular area. However, while many of these factors support the fact that foreclosures are high in particular  … Read more

After the past few years of one of the worst housing market slumps in decades, many have become accustomed to seeing “For Sale” or “Foreclosure” signs around the neighborhood. Nearly everyone knows at least one person who has ended up in over their head with  mortgage debt, fighting for a way to save their home.  … Read more

It is true that filing for bankruptcy can stop a foreclosure proceeding. However, that hasn’t always resulted in relief from mortgage debt and large monthly payments. Many people have filed for bankruptcy in the past and found their foreclosure proceedings halted, but only to realize they still had to find a way to repay their  … Read more

Anyone facing foreclosure knows the stress involved with the process. Finding a way to avoid foreclosure can become a daunting task. Although there are several ways to keep a home out of foreclosure, not all are going to provide the same benefit. One option is to file a Chapter 13 bankruptcy, which can immediately stop  … Read more

The housing market has faced turbulent waves over the last few years and many homeowners have been left stranded in mortgage debt. Continued economic pressure has kept a tight hold on many homeowners wallets, leaving some with few options to avoid foreclosure. A new report suggests that one factor has taken the lead role in  … Read more

You may have heard that one way to stop the foreclosure process and save your home is through bankruptcy. Although a bankruptcy can fulfill this expectation, there are some vast differences when filing for Chapter 7 versus Chapter 13 bankruptcy. Chapter 7 Bankruptcy The most common thought of type of bankruptcy is Chapter 7, in  … Read more

Currently, Nevada is at the epicenter of the foreclosure crisis. A little over a year ago, the housing market in cities like Las Vegas was flourishing. It seemed as though overnight the housing market imploded and 1 in 4 homes began to enter foreclosure. With such a quick decline in the market, many homeowners have  … Read more