There are many positives that come from a bankruptcy. While the connotation around a bankruptcy was once stigmatized, it now is more commonplace and accepted, especially with the volatility of the economic climate. You were not alone in believing the favorable...
Bankruptcy and Foreclosure Proceedings
THE INTENTION OF A BANKRUPTCY DECLARATION
When you realize filing for bankruptcy is a necessary option, you may feel a sense of panic that you may lose your family home and the car on which you rely. The great thing about living in our state is that Florida offers a homestead exemption to prevent its...
RECOGNIZING A MORTGAGE RELIEF SCAM
So you're down on your luck, lost your job three months ago and you still can't find work. Unfortunately, the mortgage bills, credit card statements, overdraft notices, utility bills and grocery bills keep piling up and you're not able to pay them. Financial stress...
HOW TO DETERMINE IF A LENDER HAS VIOLATED THE FAIR LENDING ACT
There have been many people around the United States who have found themselves in the midst of a financial disaster. During this time, money is tight, debt is piling up and they are at risk of losing their property. Should anyone be experiencing difficulty paying...
RISING CONDO FORECLOSURES CAUSED BY MORE THAN JUST FINANCIAL SETBACKS
The Washington Post recently reported on the rising number of condominium foreclosures due in part to the most recent economic recession, but also due to poor management of condominium communities. Low condo prices - often due to foreclosures - attract buyers,...
HOW FORBEARANCE CAN HELP YOU AVOID FORECLOSURE
When people are on the verge of losing their home, they may feel as though there is not much they can do to save it. Despite how helpless a person may feel in this particular situation, they do have options as to how they can avoid foreclosure. Bankruptcy, which is a...
HOW THE WELLS FARGO SCANDAL IMPACTS POTENTIAL MORTGAGE BORROWERS
Concerned Wells Fargo customers ask whether the bank or credit accounts opened without their permission will hurt their credit rating. More specifically, some are concerned whether these fraudulent accounts will prevent them from buying a home. This situation with...
IS RENT-TO-OWN REALLY A GOOD OPTION?
Stealing is a crime, right? It all depends on your definition and the setting in which it takes place. Some feel that the rent-to-own industry is simply legal theft of the financially burdened who have no other option. But what is rent-to-own? How does it work? A...
ACTIONS TO TAKE WHEN YOU RECEIVE A MISSED MORTGAGE PAYMENT LETTER
Owning a home is not something that all people are able to keep up with. In addition to paying utility bills and maintaining the home on both the interior and exterior, you will have to make monthly mortgage payments. Depending on their financial situation, these...
ALTERNATIVES TO FORECLOSURE
The thought of losing the place you have called home for years can make anyone feel stressed and worried. Maybe the bills have gotten out of hand and debts have continued to grow, and as a result, made mortgage payments more and more difficult to make on time. When...