foreclosure

Seeking Out Foreclosure Help Via Personal Bankruptcy

March 11, 2011

Are you presently facing real estate foreclosure due to your high amount of debt? If that’s so, Chapter 7 bankruptcy could actually help you postpone the foreclosure. On top of that, it may be possible to even save your residence and avoid foreclosure entirely under Chapter 13 bankruptcy. Those people who are far behind in [...]

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Seek Professional Help

December 28, 2008

Your lender is now foreclosing your home.  What’s the first step?   Do you file for bankruptcy?  Do you defend the foreclosure action? Do you look ask for a modification or contact the workout departent of your lender? All of the above are valid ways to confront a mortgage default.  There are any number of reasons [...]

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A Win-Win Bankruptcy Reform – By Rich Leonard

December 23, 2008

A Win-Win Bankruptcy Reform By Rich Leonard  I watched a middle-aged widow lose her home recently. Her story was familiar. She owned her simple brick residence outright until four years ago, when a mortgage broker stopped by and offered her a loan too good to be true. In exchange for taking on a modest monthly payment, [...]

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Mortgage Modification Tools

November 23, 2008

 HOPE for Homeowners plan   This FHA program, which took effect Oct. 1, encourages lenders to forgive some of the debt of their borrowers so they can refinance into an FHA-insured loan. It is expected to help 400,000 homeowners. TO QUALIFY: Borrowers do not have to be delinquent on their mortgage. However, they must be [...]

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Foreclosure Rescue Scams

September 6, 2008

The Federal Trade Commission published an excellent brochure on foreclosure rescue smam artists. The article below is culled from their materials.The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on the vulnerability of desperate homeowners is equally frightening. Many so-called foreclosure rescue companies or foreclosure assistance [...]

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