Blogs

There are several reasons to consider a short sale rather than modifying a loan or allowing your home to be foreclosed upon. A homeowner can get out from under crushing mortgage debt, experience lesser damage to their credit score, and qualify to buy a home within two years of the short sale.  From the lender’s […]

Any borrower that is behind on their mortgage loan payments and has submitted an application to their lender for a loan modification expects that the request will be approved. However, the decision to approve or deny a loan modification is purely at the discretion of the lender. Usually, it is in the best interest of […]

Some borrowers that are having difficulty making their monthly payments may be under the impression that if they apply for a loan modification, the lender will usually approve it. A borrower has to qualify and complete several steps before a lender will consider granting a loan modification.  The chances of having a loan modification approved […]

All housing situations are different, and people face diverse and unique scenarios that can lead to not being able to pay the monthly payments on their mortgage. One option to remedy the situation is requesting a loan modification from your lender. If you are a homeowner beginning to contemplate applying to change the terms of […]

When you choose to file a Chapter 7 bankruptcy, one of your biggest concerns is whether you can keep your property. The fact is that it will depend on the state’s property exemptions, which you can use to protect your assets when filing for bankruptcy. Other states allow residents to choose between the federal bankruptcy […]

A Chapter 13 Bankruptcy is often considered a reorganization bankruptcy since the debtor is attempting to reorganize their debts by offering the creditor partial or full repayment through a repayment plan. This option is used when you do not have many other choices and would like to reduce the loan balance on your mortgage or […]