There is no doubt that a Chapter 13 bankruptcy can stop a lender from continuing a proceeding to foreclose on your house.  But how does a bankruptcy affect the long term chances of keeping your house?
Well, the Federal Reserve has weighed in on this topic.
In a paper entitled:  “The Homeownership Experience of Households in Bankruptcy” the [...]

Do you own investment property or vacation property that is mortgaged? 
Do you know if your mortgage company has a correct address to contact you for notices involving your mortgage? 
More importantly, does your mortgage company have a correct address to have you served with a lawsuit if it decides to foreclose on your property?
For investment property and vacation [...]

Eugene S. Melchionne in his article entitled:  “Is A Reverse Mortgage Right For You?” provides a excellent summary of the pros and cons of the reverse mortgage and is necessary reading if you are considering a reverse mortgage.
So what if you have weighed the pros and cons and have decided to get a reverse mortgage!  Should [...]

 
A recent report on National Public  Radio focused on a scam wherein people at risk of foreclosure on their home inadvertently give away their home to scam artists.
These scam artists, holding themselves out as providing Foreclosure Rescue, prey upon people who are about to lose their homes.
Under these scams the owner is lead to believe that  he is signing [...]

A Bond For Deed, more often referred to in other states as a “conditional sale contract”, is the Louisiana process that, if used correctly, may allow someone with credit problems to purchase real estate even when they do not qualify for a mortgage or only qualify for a sub prime mortgage.  It may also allow a debtor risking [...]

So your adjustable rate, interest only mortgage is now so high you can’t afford the payments?
Don’t worry!  The mortgage industry has just the answer:  The 50 Year Mortgage!
If you liked that post, then try these…Say Goodbye To Down Payment Assistance Plans by Kent Anderson, Oregon Bankruptcy AttorneyConnecticut Files Suit Against Countrywide Mortgage by Eugene S. Melchionne, [...]