Category Archives: Foreclosure Prevention
With Area Home Prices at New Lows, Atlanta Bankruptcy May Help Potential Homebuyers
Atlanta home prices have fallen to the lowest level in 13 years thanks to a rush of recent foreclosures and short sales, according to the Atlanta Journal-Constitution. The latest housing market data from Standard & Poor’s Case-Shiller Home Price Indices shows that metro Atlanta real estate prices fell for the fourth month in a row… Read More »
Tennessee Bankruptcy May Relieve Rise in Foreclosures Caused by Bank Errors
In the popular game Monopoly, a bank error in your favor usually works to your advantage. In real life, that’s unfortunately not the case. In a disturbing trend, a growing number of homeowners are finding themselves in foreclosure after a bank mistakenly marked their mortgage as delinquent. As a result, borrowers who have never missed… Read More »
Chicago Bankruptcy May Help Homeowners Haunted by Old Mortgages
Homeowners shouldn’t be surprised if they find a foreclosure notice in the mail after defaulting on their mortgage payments. But what if the bank began foreclosure proceedings for a loan you knew was already paid off? More and more frequently, Chicago bankruptcy lawyers are seeing ghost mortgages coming back to haunt borrowers. In a recent… Read More »
After Decreasing Last Year, Chicago Foreclosure Activity Is Back on the Rise
The good news is that Chicago foreclosure activity was at its lowest level in three years in 2011. The bad news is it’s headed back upward. A rising number of local homes were repossessed by lenders or sent to court-appointed auctions in the fourth quarter of last year, according to the Chicago Tribune. An estimated… Read More »
Real Estate Data Shows Tennessee Foreclosure on the Rise in Nashville, Memphis Areas
Tennessee homeowners hoping to catch a break from falling real estate prices may be in for a disappointment. Declining home values are resulting in growing foreclosure rates across the state, according to the latest numbers from CoreLogic. Nearly 2 percent of homes in Nashville were foreclosed on in October 2011 – a 30 percent increase… Read More »