One of the strengths of mediation is that there isn’t a one size fits all solution to the foreclosure crisis in America today. Many commentators have suggested that all foreclosure mediation programs should deliver for vigorous outreach to borrowers. This could result in much higher rates of participation than in programs with limited outreach. Also, many lawyers...Read More
TOP 5 REASONS TO FILE BANKRUPTCY: 1. Medical Expenses; 2. Unemployment; 3. Foreclosure; 4. Divorce or Death of a Spouse; and 5. Catastrophic/Unexpected Expenses. If you or someone you know is experiencing any of these situations, please contact us for immediate assistance.Read More
One of the basic principles of tax laws is if you owe a debt to someone else and they forgive that debt, the forgiven amount may be taxable. As a result of the Mortgage Forgiveness Debt Relief Act of 2007, the statisticall or texty few homeowners who have had mortgage debt forgiven may not owe...Read More
Unemployment is a common reason to file for bankruptcy in the United States. If you are accumulating debt because you do not have a source of income, bankruptcy can help your situation. However, depending on what type of bankruptcy you file for, your unemployment might still hinder your chance to erase your debt and start...Read More
BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION Throughout the world, the rule of law is central to the promise of a safe, free, and just society. Respect for and adherence to the rule of law is the premise upon which the United States was founded, and it has been a cornerstone...Read More
Mortgage modification is the changing of a loan; the terms of a mortgage are modified outside of the original terms of the agreement between the borrower and lender. Homeowners that simply cannot afford their mortgage payments can try to improve their deal with their lender. The process is incredibly complicated with concessions offered usually only...Read More
Mortgage insurance is something that many homeowners pay for, yet many homebuyers try to avoid paying for. What is mortgage insurance and why is it a requirement of Federal Housing Authority (FHA) loans? You may be wondering, “What is mortgage insurance and why do I have to pay for it?” Conventional mortgages have private mortgage...Read More
While bankruptcy can be stressful and frustrating, it is meant to help you in the long run. Because of this, it is not impossible to refinance your mortgage after bankruptcy. Depending on what type of bankruptcy you file for, you should be able to refinance fairly soon after your bankruptcy. Chapter 7 bankruptcy generally ends...Read More
Having a property appraised is a basic part of the mortgage process. Mortgage companies give loans to potential homeowners based upon the value of the property. When a home is used as collateral for a loan, the lender probably wants an appraisal report to make sure that the loan will be assured. This leads to...Read More
Filing for bankruptcy is a big decision. You are probably nervous and overwhelmed about this step in your life. For this reason, you should not go through this alone! Hiring a bankruptcy lawyer will take a lot of the stress and guesswork out of this process. However, you might be hesitating to hire a lawyer...Read More
