Filing Chapter 13 Bankruptcy to stop a foreclosure is an effective way to re-organize your debt and allow you to get current with your mortgage lender. Unfortunately, what may occur is when you include the mortgage arrears along with your current mortgage payment, the Chapter 13 Bankruptcy plan payments may be too much to be…
Foreclosure
What Are the Most Common Bankruptcy Fears?
Bankruptcy has a bad reputation in the US as something that will permanently destroy your finances and cost you important assets. However, bankruptcy’s reputation is undeserved. For people who cannot pay back their debts and who are at risk of having their assets seized, bankruptcy can be an extremely useful tool. Attorneys are used to…
Key Aspects of a Texas Home Foreclosure
The process of a Texas home foreclosure involves for main aspects. When a home is purchased in Texas and a loan is taken out, two documents are usually signed. They are a promissory note and a deed of trust. The first states that you agree to pay back the loan. The second gives the lender…
Foreclosure Tips: How to Take Action Against Unfair Mortgage Lending
Unfair mortgage lending practices can mean a multitude of different things including: taking advantage of an unassuming borrower, charging excessive points and fees, and engaging in fraudulent and deceptive conduct during the formation of the loan process. There are protections for borrowers under the Truth in Lending Act (TILA), and an amendment to the lending…
