Bankruptcy Blog

It is not surprising that in light of the recent downturn in the housing market that Congress has stepped up its pressure on mortgage lenders to avoid foreclosures. There are two new bills coming out of the House Judiciary Committee that aim to help out mortgagor’s facing foreclosure.
House bill H.R. 3648 would give tax [...]

Many people do not realize that they can refinance their house after bankruptcy. It may not be the easiest task to tackle, but it is possible to achieve. When you find the right people to work with, you will be surprised at how easy it may be to get your house refinanced after [...]

When you think of an actor, we all think of the people that make millions of dollars and live in Hollywood. Yesterday I had a young man that came in and when I asked him what he did for a living he told me that he was an actor. I was thinking great!!!! [...]

Foreclosure Tuesday is the first Tuesday of the month in the state of Texas. Today was a great day, because we were able to save three peoples houses that were up for foreclosure that waited till the last minute to come in and file to save their homes. Having your house up for [...]

One of the benefits to filing a bankruptcy is to stop creditors from trying to collect on pre-petition debt, which is any debt that was incurred prior to filing the bankruptcy. One of the common pre-petition debts that causes confusion for both Debtors and Creditors is property taxes. If property taxes are not [...]

If Termination of Automatic Stay is filed by your mortgage company then immediate contact with your attorney and the mortgage company is required to avoid undue foreclosure filing. Most mortgage companies are willing to work out agreement with debtors in bankruptcy. Requesting a loan modification may take up to 30 days before approved and the [...]

There are many clients in our office that have been in a Chapter 13 bankruptcy for 2-3 years and along the way the stay has terminated on their home. If no action is taken by the client to work out agreement with mortgage co. then foreclosure will follow.
Many clients will move after the home is [...]

It seems that everywhere you turn one of the top stories is related to interest rates on houses going up or the foreclosure rate at record highs. People that entered into an Adjustable Rate Mortgage (ARM) seem to be the ones suffering the most. Generally, these are people who are barely able to [...]

Today is foreclosure Tuesday in the State of Texas. Our office was open yesterday, September 3, 2007, to accommodate those clients who, at the last minute, found a solution to their problem. They tried everything on their own to stop their foreclosure sale. They talked with the mortgage company and tried to [...]

If you don’t stop the foreclosure sale you will be moving out of the home in the next two to four week. You still can be sued by the mortgage company if the home sells for less than what is owed, plus receive a 1099 ‘you will have to claim on you income taxes as [...]