My name is Theresa, and I think it is vitally important that my clients and colleagues know who I am and what I have been through on my own financial journey… During my college and law school years I was affected by medical issues and did not have insurance.  I took student loans to pay for...Read More

Loss mitigation is a tool that lenders have used for decades, with exponential growth since late 2006.  This was a result of the huge increase in foreclosures across the US.  While previously only a small department within the financial system, loss mitigation grew as a result of the near collapse of the mortgage industry due...Read More

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

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

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