Bankruptcy Blog

Foreclosure notices sent to more families. Chapter 13 bankruptcy can stop the foreclosure process and save your home.

As self imposed foreclosure moratoriums end for banks and mortgage companies, the rate of foreclosure filings have spiked across the country.
In California, notices of trustee sales were up 80 percent to 33,178 in March from February numbers.
Experts say that the spike reflects banks moving forward on foreclosures where homeowners do not qualify for mortgage modification [...]

A recent press release issued by RealtyTrac, a national database for foreclosed properties, said recently that if foreclosure filings continue on their current pace, one million homeowners will lose their homes in 2008, up from 400,000 in 2007.
Recent economic news leaves little doubt that more foreclosures are likely this year. Trouble in the credit markets [...]

Stopping foreclosure proceedings on your home should be a top priority. A bankruptcy attorney can help you keep your home and avoid foreclosure. Owning your own home has always been part of the American dream. Sometimes unforeseen circumstances can lead you to fall behind on mortgage payments, including a medical crisis, loss of employment, divorce [...]

New Years Day for most of us is a good day, but for people that have fallen behind on their mortgage their home is going to be sold on the court house steps starting at 10 o’clock. In Texas the mortgage company can only Foreclose on your home the first Tuesday of the month. [...]

Within this last week, I have had three debtors that are filing for

Many people come in to file a bankruptcy to stop a foreclosure. If they want to keep their house, they will file a chapter 13. The

Stopping a foreclosure sale is usually done with the filing of a chapter 13 bankruptcy. This is a plan that would that would put whatever payments that you have fallen behind on in a plan to pay back over the next five years. The mortgage company has to accept this option. The following month you [...]

Buying a house is one of most people’s dreams. There are several factors that can keep people from being able to full fill their dream. Credit problems is a big one. If there are open accounts that are in bad standing, the loan company will not loan you any money untill those accounts are closed [...]

In Texas, foreclosure takes place the first Tuesday of every month, even if it falls on a holiday. In other states, foreclosure can take place any day of the month. If a Debtor is contemplating filing a Chapter 13 bankruptcy to stop a foreclosure, it is important to read all mail received from [...]