Between 2005 and 2008, the banking industry offered Home Equity Lines of Credit (HELOC loans) to thousands of homeowners. If you have one coming due, you may have a major problem on your hands.
In the last five years, property values have fallen leaving many people owing more money than their property is worth. If you own a building with rental apartments, you may be able to reduce what you pay to only what the building is worth by filing a Chapter 13 bankruptcy and using a cram down or bifurcation.
It seems like every week, I get a telephone call that generally goes like this:
Many Homeowners file a Chapter 7 Bankruptcy who are current on their mortgage and want to keep their home. The question is "Do I reaffirm my mortgage?" The answer, almost always, is a big fat NO.
When you can't pay your mortgage on time, you start to panic. How much time do I have to get caught up? What happens when a foreclosure is filed? How soon can they sell my house, and what can I do to stop it? What follows below is a description of the process and answer to these questions.
Condominiums (Condo) include multi-unit apartments and townhouse and some single family house. While co-ops are a bit different the following generally apply to the following.
Wouldn't it be nice to get rid of a 2nd mortgage and save thousands of dollars?
What happens after a foreclosure sale when the home does not sell for enough money to pay off the mortgage? Mortgage companies can collect the remaining balance, and this leaves people owing tens of thousands of dollars after they have already lost their homes. Read on to find out what you can do about it.
When Homeowners are considering filing a Chapter 7 or a Chapter 13 they are naturally concerned about the fate of their home. Will I lose my home?
When property owners including homeowners do not pay real estate taxes the County can "sell" the taxes to a "tax buyer."