Category Archives: Homes
Atlanta Residents Debate Whether to Pay Down Mortgage or Choose Bankruptcy for the Biggest Savings
Not worrying about your mortgage payment might sound like a dream come true – and with the low mortgage rates we’re seeing today, now might seem like the time to pay down that home loan. But, for most Chicago residents, paying off the mortgage early might come at a price they can’t afford, particularly if… 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 »
Atlanta Bankruptcy Attorneys See More Homeowners Default on House Than On Credit Card
What if you had two choices: Pay the mortgage each month, or pay your credit card bill? In the past, choosing was a no-brainer – put the money towards the roof over your head. But increasingly, Americans are starting to prioritize credit cards, meaning the mortgage gets left by the wayside, according to Atlanta bankruptcy… Read More »
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 »