When an individual files for bankruptcy, there are generally two options as to the type of bankruptcy that is filed. A Chapter 7 Bankruptcy is the simple form of bankruptcy that clears your debt without you paying your creditors. A Chapter 7 bankruptcy case, on average, lasts only a few months. The other option is […]
What You Need to Know About Loan Modifications
Life happens. People lose jobs, get very ill, or have other circumstances where they are unable to pay their mortgage. If you find yourself in this situation, it may be possible to get your loan modified to reduce the amount of your monthly payment. If you are thinking about applying for a loan modification, here […]
What is “Chapter 13” Bankruptcy?
When a person (as opposed to a business) files bankruptcy, there are two options available to them. Which one you choose depends on things like how much money your make and what you own. The first option is a Chapter 7 bankruptcy, which is the simplified version. If you do not qualify for a Chapter […]
What Can I keep in a Chapter 7 Bankruptcy?
Bankruptcy is a scary thing. Many people are afraid of filing bankruptcy simply because they believe that the court will take everything that they own. This is simply not true. Each state has laws that decide what items are exempt (what you can keep) and nonexempt (what you cannot keep) when you file bankruptcy. California […]
5 Mortgage Loan Modification Terms You Need to Know
Getting approved for a loan modification can be tricky. Still, it is important for struggling homeowners to consider this to avoid foreclosure. So, where do you begin? Understanding the terms of a loan modification can help you become more knowledgeable and determine the best option for you. Once you’ve decided to apply for a loan […]
The Hardship Discharge in Chapter 13
Chapter 13 is a long term commitment that generally lasts between 3 to 5 years. Many life changes can occur in that span of time. While we hope for an improvement of our circumstances, the truth is some people experience hardship, such as a drop in disposable income. When a Chapter 13 debtor with a […]
Avoiding Mortgage Default without Having to File Bankruptcy
No matter how stable your financial situation is, life can change unexpectedly overnight. Whether you were injured, suffered a prolonged illness, or lost your job, if you find yourself in a situation where you are unable to pay a previously affordable mortgage payment, it can be a frightening situation. There are many possible solutions, but […]
How to Reduce Your Mortgage Balance and Stop Foreclosure
If you’ve found yourself in a difficult financial situation, you’re not alone. Each year, over 342,000 homes in the United States fall victim to the foreclosure process. Financial situations can change overnight, whether it’s due to the loss of a job or a catastrophic illness, and having to face those situations with the added burden […]
Foreclosures Can Be Stopped!
One of the worst experiences a homeowner can ever experience is coming home to find a foreclosure notice on the door. The details are often grim, with the mortgage servicing company demanding a combination of missed payments, late fees, interest, and attorney costs that you simply cannot afford. At that moment, you feel as though […]
Let Us Help You Create A Plan To Get Back On Top Financially
For many people facing financial difficulties, the biggest challenge is getting back on solid footing. It’s no secret that people with poor credit and fewer resources face higher interest rates, increased fees, and limited opportunities while trying to re-establish themselves financially. Burying your head in the sand and hoping for a miracle is never the […]
