Tag Archives: foreclosure
What is the difference between a HELOC and Purchase Money 2nd Loan?
Today we would like to help explain the difference between a HELOC and a purchase money 2nd loan as it related to bankruptcy. A HELOC or Home Equity Line of Credit, is a line of credit, similar to a credit card, that was given to you through the equity you have (or had in the Continue Reading
Bankruptcy Can Solve Several Debt Issues at the Same Time
Here is a typical situation with multiple debts that can be resolved by Bankruptcy Law Professionals: CLIENT: I owe $285,000 on a money-pit of a home that’s worth way less. I have over $50,000 in credit card debt, a car that’s soon to be repossessed, a few hospital bills, and a $1,500 lien on my Continue Reading
Price of Bankruptcy
In the time that Bankruptcy Law Professionals and our staff has been handling bankruptcy files, we have always maintained a low price compared to the market out there today. Price is important, but don’t let bankruptcy attorneys fool you. You don’t always get what you pay for in the legal field. Some attorneys will price Continue Reading
Can You Continue a Loan Modification If You Are Under Bankruptcy Protection?
We have been able to stop or postpone foreclosure auctions or trustee sales for many of our clients, but many new clients ask us if a loan modification is possible to complete while the homeowner is under bankruptcy protection. It is possible to complete a loan modification during a bankruptcy. Usually, the bank or mortgage Continue Reading
Key to Qualify for Chapter 13 Bankruptcy
If you don’t qualify for Chapter 7 bankruptcy because of too much income, Chapter 13 bankruptcy may be the best solution for you. We get calls from clients initially asking for a Chapter 13 without much information on what it takes to qualify for it. A Chapter 13 bankruptcy is much more work than a Continue Reading
Lender Litigation and Bankruptcy
A bankruptcy may allow you the time you need to enter into Lender Litigation with your mortgage company. Many home owners with distressed home loans have heard the term Lender Litigation and ak us how it would work along with your bankruptcy. If you file for bankruptcy and also intend to sue your lender due Continue Reading
Government Foreclosure Assistance Programs: HAFA, HAMP, HARP, MHA
There is a lot of news about extension of the government programs that are designed to help home owners keep out of foreclosure. HAFA, HARP, HAMP, Making Home Affordable or MHA… There are several acronyms for these programs today. Many banks are using these programs just to get more information out of you and to Continue Reading
Updates on Foreclosure and Bankruptcy
In 2012, we have already helped multiple clients with foreclosure issues and take care of all other debts they are dealing with. Whether you need more time in your home before your trustee sale or whether you want to try to keep your home for the long-term, Bankruptcy Law Professionals has a solution for you. Continue Reading
Foreclosure Sale and Bankruptcy
A foreclosure can be devastating to your and your family if you don’t have control of the situation and do not know what to expect from it. One thing that bankruptcy can do for you is to help you control the foreclosure situation. In a foreclosure situation, a bank may schedule a sale date for Continue Reading
Bankruptcy and Short Sales
It’s been awhile since we’ve added a new post. We have been extremely busy helping people recover from their financial situations. Our calendars were swamped and we have some very happy clients that we are working with today. Although we’ve been busy, we have plenty of room to help more people. Today, we would like Continue Reading