Category Archives: Foreclosure Prevention
Chicago Bankruptcy Attorneys See More Americans Paying Credit Cards Instead of Mortgage
Somehow our priorities got switched around during the Great Recession. Homeowners who used to prioritize paying their mortgage above all else are now opting to use that money to pay their credit card bills, Chicago bankruptcy attorneys say. In a way, it’s a strategy that makes sense. One-quarter of American homeowners are underwater – meaning… Read More »
Finding Debt Relief Might Be Easier Than You Think, Say Chicago Bankruptcy Attorneys
It’s nearly impossible to turn on the TV or computer without being startled by images of the dire situation in Haiti. And while we all wish that we could undo the damage (and many of us are generously opening our wallets to help try), we can also take home a lesson from the tragedy about… Read More »
Debt Is Easier To Control Than Many Think, Atlanta Bankruptcy Attorneys Say
By now, some of us are getting used to seeing footage of the horrific earthquake in Haiti. But there’s more than one reason we shouldn’t let ourselves become numb to those haunting images. Not only do they remind us that there’s work to be done to rebuild for millions of Haiti’s survivors, but they remind… Read More »
Chicago Bankruptcy Attorneys Say Government Loan Program Helped Make Foreclosure Crisis Worse
The word is out – the $75 billion loan modification program meant to protect homeowners from foreclosure has actually made the situation worse. Out of the millions of Americans facing foreclosure, Uncle Sam’s program modified mortgages for just a few hundred thousand – some of which ended up going into foreclosure anyway. Now critics are… Read More »
Atlanta Bankruptcy Attorneys Warn That Government Mortgage Program Is Increasing Foreclosures
Contrary to homeowner hopes, Uncle Sam’s $75 billion mortgage modification program may be causing more bad than good. Created early last year, the program was supposed to encourage banks to modify loans of the millions of Americans facing foreclosure. Unfortunately, it’s managed to permanently modify just 35,000 – a drop in a rather large bucket,… Read More »