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House/Real Estate Archives

What Can I Do When My Building is Worth Less Than I Owe?

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.

Home Foreclosures And Sheriff Sales - I Want To Save My Home

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.

Money Judgments Following Foreclosure in Illinois

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.

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