Increase in Bankruptcy Filings There has a been a drastic increase in the number of consumers filing for bankruptcy in the first six months of 2010. This increase is seen in most of the 50 states but is most prevalent in the southwestern and southeastern portions of our nation. While these areas of the country [...]

Why Choose Chapter 13? When filing for bankruptcy you must know whether you are filing for a Chapter 7 bankruptcy or a Chapter 13. There are many differences between the two for they are configured for people in different situations. Chapter 7 bankruptcy is designed for people without a steady income and who do not [...]

“Forensic loan auditors” prey on homeowners in debt. They promise to completely wipe out loans no matter what you’re situation by investigating your mortgage loan. If they promise to find legal issues with your loan that will allow you to sue your lender which they claim will speed the process to alter you loan. The [...]

It depends. If you are current on your mortgage and all of your other bills a short sale is probably the better option. It will drop your FICO (credit score) score 85- 160 points. You may be able to purchase a new home fairly soon after the sale – BUT it may be difficult to [...]

http://makinghomeaffordable.gov/

New Directives will make the HAMP (Home Affordable Mortgage Program) more accessible to those that need it.

New York Times                EDITORIAL As Foreclosures Surge … Published: May 3, 2009 The Obama administration sat by last week as 12 Senate Democrats joined 39 Senate Republicans to block a vote on an amendment that would have allowed bankruptcy judges to modify troubled mortgages. Related Times Topics: Foreclosures [...]