Homeowners facing rising housing costs, unemployment, underemployment and other financial issues are turning to mortgage modification to avoid foreclosure . But as many are discovering, modifying a mortgage can not only fail to stop...
While they don't represent the majority of bankruptcy debtors, they tend to get the most attention, debtors who are serial filers. They've filed bankruptcy once, twice or maybe even three times yet continue to...
If you're a homeowner who is struggling with an underwater mortgage, facing foreclosure and have a second mortgage that won't be covered even if the home was sold, you may want to consider bankruptcy....
Texas Attorney General Greg Abbott along with seven other states (Arizona, Colorado, Florida, Illinois, Nevada, New Jersey and Washington) have entered into an agreement with Wells Fargo which will provide $5 million in relief to more...
Many debtors filing bankruptcy have several mortgages attached to their home. In most cases they have both a 1st mortgage and a 2nd mortgage attached to their principal residence. We've talked before about how...
The Federal Housing Administration said that beginning Oct. 4th, it will offer a new reverse mortgage option with drastically lower up-front fees than its standard version. The new saver option will allow the senior...
Filing Bankruptcy While Waiting For Loan Modification Many debtors whether they are working full-time, part-time or are unemployed, feel reluctant to file Chapter 13 bankruptcy or Chapter 7 bankruptcy because they believe that they...
