America and the state of Texas experienced incredibly hard times when it came to foreclosures over the past several years. At the height of the mortgage crisis in 2008 to 2009, foreclosure rates surged a nearly unfathomable 80+ percent. Across the country, homeowners found themselves severely underwater and were forced to walk away from their [...]
According to an article published by CNN money, plummeting oil prices may be related to problems with housing markets in Texas, Oklahoma, and North Dakota. While the national rate of foreclosure filings has dropped to a nine-year low, states heavily involved in the production of oil have not been as lucky. As oil prices have declines, foreclosure filings have [...]
A Texas couple knew that foreclosure was imminent after they fell behind on their mortgage payments for several months. What they didn’t expect, however, was when their foreclosure notice came from a bank they had never done business with. After a lawyer looked over their mortgage records, they came to the conclusion that neither the bank [...]
Three years ago, Texas homeowners facing foreclosure were given a glimmer of hope in the form of a $25 billion national settlement from five lenders who were accused of wrongfully forcing people out of their homes: Citi, Bank of America, JP Morgan Chase, Wells Fargo, and Ally. This money was earmarked to provide relief for [...]
In many cases you can prevent eviction from moving forward if the landlord does not have a judgment for possession. In other words, if you receive an initial notice for eviction you may be able to file bankruptcy to stop the process from moving further. In some cases there may be exceptions to consider but [...]
If you're seeking an alternative option in helping you get caught up on mortgage payments, Chapter 13 bankruptcy may be a helpful solution. The plan can help you make missed payments to cure the default with your mortgage. This option has helped a large number of homeowners avoid foreclosure, while making affordable payments. Chapter 13 [...]
Falling Behind on Mortgage Payments Filing for bankruptcy has helped many debtors save their home by giving them more time to get caught up on payments or even prevent foreclosure. But, if you are considering Chapter 7 as an option regarding missed mortgage payments, you may need to review this with your bankruptcy attorney to [...]
During the month of October Southern parts of the sunshine state Florida saw a sharp increase in bankruptcy filings due to pending foreclosures. Local attorneys claim that many homeowners are seeking bankruptcy protection because banks are pushing forward and foreclosing on mortgages that have become delinquent. The U.S. Bankruptcy Court in Miami shared interesting statistics [...]
Some debtors wonder if they need to continue making payments on their mortgage when bankruptcy is filed. Whether you file Chapter 13 or Chapter 7 bankruptcy and you have intentions on keeping your home, you still need to continue making payments. You should also continue making homeowner's association payment dues. If you stop making either [...]
There are times in which a debtor may fall behind on mortgage payments due to different situations such as job loss, income reduction or medical illness. While it is understandable these things happen you'll want to keep in mind actions to avoid so you can maintain your home. You'll also want to note what you [...]
