Blog Category: Mortgage

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

A Homestead declaration is a type of document that shows the bankruptcy court that the property that you list on it is your main residence and this is where you live. If you are in a tough financial situation it is most important that you have a Homestead declaration in the event that you are  … Read more

There are some individuals who have reached their senior years that still have substantial debt. Now they are retired they do not have the funds coming in to pay down these debts and this has left them in a serious financial situation. The one thing they do have in their favor is that their home  … Read more

Student loan debt has been in the news recently for several reasons. First, when the national student loan debt surpassed $1 trillion, the country stood aghast at how ridiculous the cost of education had become. When President Obama announced his support of student loan reform and the student loan forgiveness program, the country was divided  … Read more

House hunting is an exciting time! Looking for that perfect home for your family can certainly get you caught up in the day dreams of kids playing and pets lounging, but there is a fine line between what you dream of and what you can actually afford. If you are considering buying a house, here  … Read more