Conduit Mortgage Payments in Chapter 13 Cases

If you are behind on your mortgage and file for Chapter 13 bankruptcy, your plan will have to include your mortgage payments (“conduit mortgage payments”). Prior to the enactment of an order that requires mortgage payments to be made within a Chapter 13 plan, debtors were able to make payments directly to their mortgage company [...]

By |2017-12-13T02:08:55+00:00June 23rd, 2016|Bankruptcy, Chapter 13 Bankruptcy, Loans / Mortgages|Comments Off on Conduit Mortgage Payments in Chapter 13 Cases

What You Need to Know About Reverse Mortgages

Chances are you’ve seen the commercials on television advertising reverse mortgages. From the way they make it sound, reverse mortgages are a simple and straightforward way to eliminate monthly mortgage payments and use the money saved to pay for other things. But many people do not fully understand exactly how this type of loan will [...]

By |2017-12-13T00:45:35+00:00April 12th, 2016|Loans / Mortgages|Comments Off on What You Need to Know About Reverse Mortgages

Falling Oil Prices Linked to Rises in Texas Foreclosure Rates

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 [...]

By |2017-12-13T00:48:07+00:00January 14th, 2016|Foreclosures, Loans / Mortgages, News|Comments Off on Falling Oil Prices Linked to Rises in Texas Foreclosure Rates

Huge Spike in Home Repossessions During Lingering Foreclosure Crisis

While the rate of new foreclosures may be returning to normal, the damage caused by the past decade’s housing disaster is still lingering. According to RealtyTrac, a foreclosure analytics and sales company, bank repossessions have jumped 66 percent over the rate from this same time last year – the largest rise the company has ever [...]

By |2017-12-13T02:03:21+00:00November 9th, 2015|Bankruptcy, Foreclosures, Loans / Mortgages|Comments Off on Huge Spike in Home Repossessions During Lingering Foreclosure Crisis

When to Refinance Your Home

Mortgage loan interest rates are again dropping to really appealing lows which may have you wondering if refinancing your home is a wise decision. The rule of thumb is that you should only refinance if you can lower your interest rate by at least two percentage points. As with all rules of thumb this is [...]

By |2017-12-13T00:46:04+00:00October 2nd, 2012|Loans / Mortgages|Comments Off on When to Refinance Your Home

Is Forbearance an Option if I Do Not Qualify for a Mortgage Modification?

Don't Qualify for a Mortgage Modification? Mortgage modification may help you obtain a more affordable mortgage payment by adjusting loan terms.  While the option seems obvious, especially if you're struggling to make mortgage payments and facing possible foreclosure , what happens if you are turned down for a modification?  It's possible you may qualify for [...]

By |2017-12-13T00:46:15+00:00September 13th, 2012|Loans / Mortgages|Comments Off on Is Forbearance an Option if I Do Not Qualify for a Mortgage Modification?

Loan Modification: Dealing with Debt Obligations While Trying to Keep Up on the Mortgage

If you're seeking to get a loan modification, one of the steps you'll have to take involves reviewing your debt obligations. Many borrowers get so caught up in what they owe on debt that it interferes with the ability to make mortgage payments. Some experience changes in income or job loss while others try to [...]

By |2017-12-13T00:46:27+00:00August 9th, 2012|Loans / Mortgages|Comments Off on Loan Modification: Dealing with Debt Obligations While Trying to Keep Up on the Mortgage

How to Sink or Swim in the Housing Market

The housing market has had its rough patches throughout the years and some have even claimed that it has hit rock bottom. Though some speculate that the economy is recovering, many houses are still being reported as underwater. In this infographic, you'll get a glimpse into the status of the housing market and learn how [...]

By |2017-12-13T00:47:06+00:00August 7th, 2012|Loans / Mortgages|Comments Off on How to Sink or Swim in the Housing Market

Loan Modification: 5 Steps That May Increase Chances for a Positive Outcome

Loan modification is often the last hope for a homeowner looking to avoid foreclosure and save their home.  Preparing for the process ahead of time by getting familiar with what to expect may help increase the chances of getting your mortgage modified. The following steps may give you a heads up on actions to perform [...]

By |2017-12-13T00:47:19+00:00July 27th, 2012|Loans / Mortgages|Comments Off on Loan Modification: 5 Steps That May Increase Chances for a Positive Outcome

Federal Help for Underwater Mortgages

In real estate terms, an underwater home rarely means it's actually under water. Today a lot of homeowners are finding themselves underwater with their mortgage, meaning that they owe more on their current home loan than the home is currently worth. This can be a critical situation for people who want to sell their homes [...]

By |2017-12-13T00:47:32+00:00July 24th, 2012|Loans / Mortgages|Comments Off on Federal Help for Underwater Mortgages