Blog Category: Mortgage

For homeowners, few situations are as harrowing as the looming threat of foreclosure. Whether you’re facing financial difficulties due to a job loss, medical emergency, or other unexpected circumstances, the prospect of losing your home can be overwhelming and incapacitating. Step 1: Assess Your Financial Situation The first step to avoiding foreclosure is to take  … Read more

Missed mortgage payments are not something to be ignored. Whether you are simply behind on payments or under risk of foreclosure, dealing with mortgage debt is challenging. There are several options for resolving mortgage debt problems, some of which may be more or less beneficial depending on your financial situation. Mortgage Debt Solutions In many  … Read more

If you have experienced financial hardship, completed a bankruptcy, or experienced problems paying your mortgage you can still get a home loan. However, the process of rebuilding your credit after a bankruptcy or foreclosure takes time. Although it may not seem like it, you are likely in a better spot for future credit than prior  … Read more

Filing for bankruptcy can prevent foreclosure, car repossession, or other forms of property loss, which may be vital for the family. When you file your paperwork with the court, an automatic stay goes into effect, stopping all actions against you from collecting on a debt. Bankruptcy can help to stop Foreclosure If you would like  … Read more

Houston Bankruptcy attorneys are often asked what happens to mortgage liens in Chapter 7 bankruptcy. What happens to your mortgage in a bankruptcy relates to three key areas surrounding mortgage liens: equity in the home versus mortgage debt, past due payments, and ability to complete future payments. Mortgage Liens Explained A Mortgage lien is an  … Read more

The answer to “should I sell my home to prevent bankruptcy” is a difficult one to ascertain. Which answer you get will certainly depend on who you ask. Making the decision to sell a home or file bankruptcy is quite the debt dilemma, and it’s certain that if your facing this decision, you have some  … Read more

Mortgage after bankruptcy is something that no one really hopes to get. You are right in assuming lenders do not like to see a bankruptcy on a credit sheet when offering loans, especially long term, housing loans. It is, however, possible after a waiting period. What you need to understand is that there is no  … Read more

Part of the American Dream is owning a home, but sometimes hard times fall on good people. No one deserves to lose their home or suffer financial hardship. Luckily, there are some ways to be better at Managing Mortgage Debt. You don’t have to risk losing your home to foreclosure if you follow these steps.  … Read more

Last week, mortgage rates rose by 8 basis points to 4.05% for a 30-year, fixed interest mortgage loan. This is up from 3.51% a month ago. While this rise in rate sounds scary, the actual dollar difference comes down to an extra $4.61 per $100,000 financed. Although there are some fears regarding rising mortgage rates and refinancing, the  … Read more

A question that is often asked, especially in the past few years with the amount of house foreclosures in the U.S., is what happens to the balance of monies owed after a foreclosure. Do you still owe money to the bank or lender if they sell the home for less than what you owed on the mortgage? The  … Read more