Tag Archives: foreclosure defense
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Who is to blame for the foreclosure crisis? The question comes down to did homeowners overreach and go beyond what they could afford or did banks prey on naive consumers? In reality, no one party is to blame, but rather a combination of lenders, homebuyers and regulators. Nonetheless, lenders have pointed fingers at home buyers,… Read More »
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If you are behind on your mortgage or if you are in a Chapter 13 case to “catch-up” your mortgage, stay tuned! Changes in the Bankruptcy Rules require that certain Notices be provided by a lender to a homeowner in a Chapter 13 case who is “catching-up” past due mortgage payments. The goal is to… Read More »
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In short, YES. Filing a bankruptcy, whether it be Chapter 7 or Chapter 13, will stop the foreclosure process. However, filing a Chapter 7 bankruptcy may not stop the process permanently. When a Chapter 7 bankruptcy is filed, an “automatic stay” goes into effect. This “stay” stops, or at least temporarily prevents collection actions against… Read More »