Can I Discharge My Home Equity Loan in Bankruptcy and Keep My Home?
Can a Home Equity Line Be Discharged in Bankruptcy? A home equity line of credit (HELOC) is different than a home equity loan. Many hear the term “home equity” and erroneously believe that one...
Five Accused Of Mortgage Fraud In Texas
A Tarrant County grand jury indicted five people, including a home builder, for allegedly engaging in mortgage fraud involving loans worth $13 million. Chekeelah Phelps, 45, of Mansfield; Clayton Bennett, 66, of DeSoto; Munzer...
Have Subprime Lenders Shifted To FHA Programs?
The Federal Housing Authority (FHA) announced that it has served subpoenas on 15 mortgage companies with suspiciously high default rates and foreclosures for loans backed by the FHA. On Tuesday, Department of Housing and...
Payday Lenders: New Disguise-Same ‘Old Wolf
Check Into Cash seems to be tweaking it's payday lending business in a way that would allow it to charge higher interest rates and offer longer term loans, a move that could help it...
Three Things You Must Consider Before You Take Out That Loan
Many debtors attempting to resolve their debt problems without the help of bankruptcy consider personal loans. They figure if they take out a personal they can use that money to cover their expenses and...
Credit Card Inactivity Fees Coming Your Way?
Since the passage of the Credit Card Act, many credit card lenders have been dreaming up new ways of getting more money out your pockets. One of the newest tricks on the block is...
How Do I Catch Up On My Mortgage In Bankruptcy?
Most debtor/homeowners facing foreclosure and considering bankruptcy are significantly delinquent on their mortgage payments. But whether you're 1 month behind on your mortgage payment or 6 months behind, Chapter 13 bankruptcy can help you...