BANKRUPTCY LAW – Foreclosure

Individuals who are considering filing for bankruptcy typically do so because they are experiencing severe financial difficulties. However, filing for bankruptcy can have serious long-term consequences for your credit rating and finances, making the prospect of doing...

When times are financially tough, homeowners often have a distinct advantage. They can tap into the equity they’ve built up in their homes through home equity lines of credit (HELOCs) and home equity loans. While these options can help homeowners access much-needed...

When a homeowner realizes that they can’t make their mortgage payments, it may seem like the end of the world. This stress is often coupled with the stresses associated with an inability to pay other bills and meet other financial needs. For some, the need to regain...

Foreclosure happens when someone fails to pay their mortgage. As long as the lender gets the monthly payments, they don’t interfere with homeownership. But if those payments stop, the lender may try to reclaim the home and sell it to a third party, getting back their...

Bankruptcy may offer a potential lifeline for homeowners facing foreclosure on their home. In the U.S., the two most common types of bankruptcy individuals file are Chapter 7 and Chapter 13. Each affects home foreclosure differently. Filing for bankruptcy can provide...