Conduit Mortgage Payments in Chapter 13 Cases
If you are behind on your mortgage and file for Chapter 13 bankruptcy, your plan will have to include your mortgage payments (“conduit mortgage payments”). Prior to the enactment of an order that requires...
What You Need to Know About Reverse Mortgages
Chances are you’ve seen the commercials on television advertising reverse mortgages. From the way they make it sound, reverse mortgages are a simple and straightforward way to eliminate monthly mortgage payments and use the...
Falling Oil Prices Linked to Rises in Texas Foreclosure Rates
According to an article published by CNN money, plummeting oil prices may be related to problems with housing markets in Texas, Oklahoma, and North Dakota. While the national rate of foreclosure filings has dropped to a nine-year...
When to Refinance Your Home
Mortgage loan interest rates are again dropping to really appealing lows which may have you wondering if refinancing your home is a wise decision. The rule of thumb is that you should only refinance...
Is Forbearance an Option if I Do Not Qualify for a Mortgage Modification?
Don't Qualify for a Mortgage Modification? Mortgage modification may help you obtain a more affordable mortgage payment by adjusting loan terms. While the option seems obvious, especially if you're struggling to make mortgage payments...
Loan Modification: Dealing with Debt Obligations While Trying to Keep Up on the Mortgage
If you're seeking to get a loan modification, one of the steps you'll have to take involves reviewing your debt obligations. Many borrowers get so caught up in what they owe on debt that...
How to Sink or Swim in the Housing Market
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...