Category Archives: Mortgages
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 »
More Consumers Turn to Chapter 7 Bankruptcy to Relieve Debt, Say Chicago Bankruptcy Attorneys
The recession may be good for something after all: getting rid of debt. On the one hand, tough economic times are making consumers more reliant than ever on credit, say Chicago bankruptcy attorneys. Many of us have been piling new debts on top of the balances we carried before the recession hit. On the other… 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 »
Atlanta Bankruptcy Attorneys Say Early Tax Filing Means Early Refund
Why put off until tomorrow what you can do today – especially when it involves more money in your pockets? Technically your tax return isn’t due until April 15, but you can actually file as early as February so long as you’ve received all of your necessary documents – like 1099s, W-2s, receipts from charitable… Read More »