The Federal Housing Administration (FHA) knows that the housing problem across the United States is not just causing problems for homeowners but is at the core of the financial problems across the entire country. To try and remedy some of this malaise they are working to reverse some of the losses that a foreclosure can [...]
The housing market has had its rough patches throughout the years and some have even claimed that it has hit rock bottom. Though some speculate that the economy is recovering, many houses are still being reported as underwater. In this infographic, you'll get a glimpse into the status of the housing market and learn how [...]
According to The Street the Obama Administration is going to be announcing a new program that will sell government owned foreclosures to investors as rentals. The goal is to reduce the foreclosure supply in the market which in turn will hopefully encourage housing prices in those cities to rise and will also capitalize on the [...]
Bankruptcy May be an Option Whether a credit card company or debt collection agency has filed a lawsuit against you, bankruptcy may be an option to help you get relief from collection actions of creditors. When bankruptcy is filed, the automatic stay is enforced; meaning collection attempts against you cease until bankruptcy proceedings are completed. [...]
While a spouse has the option to file bankruptcy on their own as an individual, the choice could affect the outcome when it comes to property and debt. It often depends on the state you reside in; either a common law or community property state. Most property acquired during marriage is considered community property. Equitable [...]
Can't Make Your Chapter 13 Bankruptcy Payments? There are several options to review should you become unable to make payments as part of your Chapter 13 bankruptcy plan. Usually, the creditor or trustee may look to have your case dismissed, but the following options may be considered to help keep your case active: Get caught up [...]
Filing a Joint Bankruptcy Petition When a married couple files for bankruptcy protection they would file a joint bankruptcy petition. In many cases, filing jointly has helped married couples save time and money during the process. While the process is similar to an individual bankruptcy filing, there are a few details to keep in mind [...]
Maryland pastor and televangelist Robert J. Freeman, 56, was sentenced to 27 months in prison for obstructing bankruptcy court proceedings. The pastor, also known as "Dr. Shine," was known for living a luxurious lifestyle that included owning expensive vehicles and a mansion valued over $1 million. Funds were used from his church along with fraudulently [...]
Divorce mediation allows couples who are ending their marriage to resolve issues outside of court. This option is often seen as an alternative to litigation that lets couples review important issues regarding a settlement. Couples are able to retain the divorce outcome by reviewing details with a third party; a mediator. This is a voluntary [...]
Credit card companies may file a lawsuit to enforce legal ways to collect from debtors when accounts go unpaid. If the credit card company itself doesn't pursue collection, then a collection agency may decide to pursue if they purchased the debt from the original creditor. Unless you provide evidence that the debt has been paid [...]