Category Archives: Chapter 13
Bankruptcy Can Sometimes Lower Debt When Chicago Debt Relief Companies Can’t
There’s a big difference between debt relief and debt relief. And no, that’s not a typo. You’ve probably heard the advertisements on the radio and read them on the Internet – so-called debt relief companies claim they can negotiate with your creditors in order to get your debt paid off. They promise you’ll have a… Read More »
Rising Home Prices Means Good News for Atlanta Homeowners
Atlanta homeowners who have been underwater in their mortgage might have just been thrown a lifesaver. This February, housing prices increased for the first time since the end of 2006 – almost four years ago, according to The Standard & Poor’s/Case-Shiller housing price index. With values finally on the rise, homeowners can breathe a sigh… Read More »
Increasing House Prices Mean Hope for Underwater Chicago Homeowners
There’s hope for Chicago homeowners who owe more on their mortgage than their house is worth. On Tuesday it was announced that home prices increased for the first time in nearly four years this February, according to The Standard & Poor’s/Case-Shiller price index. Increasing values mean that homeowners can finally start rebuilding equity – that’s… Read More »
Homebuyer Tax Credit Might Not Be Enough for Chicago Homeowners to Stop Foreclosure
At first glance, it looks like a good deal: Buy a new house and Uncle Sam gives you $6,500 back. But there’s a pretty big catch, according to Atlanta bankruptcy attorneys. When the federal government agreed to extend a tax credit originally intended for new homebuyers to existing homebuyers, they hoped it would encourage folks… Read More »
Chicago Homeowners Find an Alternative to Foreclosure With Chapter 13
Who wouldn’t want to get a $6,500 tax credit this year? Apparently the many folks who can’t afford to buy another house, say Chicago bankruptcy attorneys. In November, the federal government updated its homebuyer tax credit – which was originally meant to help renters buy their first home – to include current homeowners as well…. Read More »