Category Archives: Mortgages
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 »
Atlanta Bankruptcy May Help Consumers Plagued by Wave of Mortgage Errors
It’s bad enough that countless people are losing their homes because they can’t pay the bills. But imagine the frustration of finding out you’re losing a home you’ve paid off. As banks rush to push through millions of foreclosures in 2012, errors are increasingly leading to foreclosures, lawsuits, and credit damage for consumers who are… Read More »
Chapter 13 Can Help Tennessee Homeowners Thinking Of Walking Away From Mortgage
More Tennessee homeowners are walking away from their homes – and walking into a new set of problems. Thanks to plummeting home prices, a growing number of borrowers now owe more on their mortgages than their homes are currently worth. With no way to downsize without taking a loss, some are choosing to strategically default…. Read More »
Chapter 13 Bankruptcy an Option for Atlanta Residents Considering a Strategic Default
As kids, we’re taught that it’s wrong to walk away from our problems. But as adults, many of us are doing just that by walking away from our mortgages. Years of falling real estate prices have resulted in a large number of underwater homeowners – borrowers who are locked into a loan for more than… Read More »