You may have heard that you will be required to wait a specified period of time before you can apply for a mortgage after a bankruptcy. This is simply not true. There are no laws that require you to wait before applying for a mortgage after your debts have been discharged in bankruptcy. That isn’t  … Read more

Although there is much disagreement as to whether reverse mortgages are a good idea, the fact is that they can be very helpful for some in certain situations. Like any other mortgage or loan, they do face some challenges when a person files for personal bankruptcy. However, the details behind a reverse mortgage can make  … Read more

Homeowners facing mortgage debt problems have been actively seeking help to resolve their debts before ending up in foreclosure. Many have applied for assistance under the federal Homeowner Affordable Modification Program, which was intended to help homeowners obtain mortgage modifications to lower their monthly debt payments. Unfortunately for some, their modifications were either denied or  … Read more

Many people that are facing foreclosure begin searching for options to relieve their mortgage debts. There are many ways to save your home from foreclosure, including loan modifications and bankruptcy.  However, not all options are created equal and finding the best option can be tricky. For example, many people assume refinancing their mortgage to obtain  … Read more

Just after the peak of foreclosures and mortgage debt crisis lenders have been working hard to entice new consumers into applying for loans. At first glance, these deals may appear to be a sign of improvement in the industry,  but a closer look reveals the consumer may not be getting such a good deal after  … Read more

Those facing foreclosure have a unique challenge (1) how to manage their debts and keep their house and (2) how to prevent the threat of foreclosure in the future. The problem is that many people fail to look beyond a high mortgage payment to identify alternative sources of strain. Many Factors At Play People end  … Read more

Many homeowners are finding themselves facing serious decisions to avoid foreclosure. Bankruptcy can provide relief from the threat of foreclosure, but not everyone qualifies or would otherwise benefit from its protection. As many homeowners search for alternative means to help keep their house of the hands of lenders, many have fallen victim to non-reputable companies  … Read more

We have all heard about friends or neighbors that have paid off their mortgages early. Many of us wonder how that is even possible in an economy like this. Although not as common as in the past, some people have been fortunate enough to dodge the economic bullet devastating  so many others with threats of  … Read more

It is common knowledge that paying extra towards your mortgage could help you pay it off years sooner, saving you thousands in interest payments. Despite economic woes, many people can still afford to pay extra towards their mortgage payment. However, the question should I prioritize paying extra towards my mortgage just because I can afford  … Read more

Unfortunately, many streets are crowded with “For Sale” Or “Foreclosure” signs. Keeping up with  payments can be challenging in a wavering economy, which is why many people turn to drastic options to save their homes before it is too late. The problem is that not all mortgage relief options are good ones. In fact, everyone  … Read more