FHA Mortgages 2 year wait time after Chapter 71 year wait time after Chapter 13 Bankruptcy. You must have made 12 payments on time to the trustee and must have trustee and judge approval to purchase another home.3 year wait time after foreclosure.3 year wait time after short sale if there were any mortgage late payments in the 12...Read More
What is a Deficiency and Why Should I Be Worried? A deficiency balance is the difference between what you owe and what your house is worth or would sell for today if you were to short sale or foreclose. The sale would not net enough money to pay off the debt. You would still be responsible for...Read More
What is a Chapter 11 Bankruptcy? Chapter 11 Bankruptcy is usually for businesses or individuals with a large amount of debt to reorganize. This type of bankruptcy is called a “reorganization” bankruptcy. When choosing among a Chapter 7 Bankruptcy, a Chapter 13 Bankruptcy, or a Chapter 11 Bankruptcy, it is best to consult an experienced bankruptcy attorney...Read More
These are extraordinary times. Due to the COVID-19 pandemic, millions of Americans no longer have jobs, but the bills keep coming. Government stimulus checks and unemployment checks can only go so far. For families across the country financial disaster is looming. In reality, however, financial hardship can happen at any time. If you are feeling […]Read More
If you fell behind on your car payments or stopped paying your credit card bills, you probably would not be surprised if a debt collector called. That’s exactly what predators are counting on. Throughout the United States, conmen target debtors by posing as debt collectors. In this article we will discuss how to tell when […]Read More
Ignoring debt collection notices does not make them go away. Ripping them up does not work either. Turning your cell phone off, muting the ringer, or blocking calls does not keep bill collectors at bay. That does not mean there is nothing you can do. In fact, you have certain rights under Nevada and federal […]Read More
It may be one of the most meaningful – and emotional moments in a traditional wedding ceremony. The bride and groom stand before their friends and family, and promise to love each other, no matter what. In most cases, they pledge to support each other through good and bad times, and through sickness and health. […]Read More
Having significant debt is scary. Even if you can make regular payments, steep interest rates often make it impossible to pay off the debt quickly. The inability to make payments on time or make them at all may have a lasting impact on your credit score. This in turn may limit your ability to rent […]Read More
They say desperate times call for desperate measures. If you are dealing with overwhelming personal debt, you may very well agree. You may even be considering bankruptcy. If you are mulling this option, it is crucial that you understand everything it entails. Prerequisites for filing Filing for bankruptcy protection is a big decision. So you […]Read More
The foreclosure process begins once you receive a Notice of Default (NOD) from your lender. This notice is issued once you have become delinquent on your mortgage payments for at least three months. While you may be feeling defeated by the thought of foreclosure, you do have other options. There are things that you, as […]Read More
