Category Archives: Mortgages
Despite Recent Drop, Foreclosures Expected to Rise Again Before the Market Improves
For homeowners at risk of foreclosure, watching the real estate market can feel like a roller coaster ride of ups and downs. In July, foreclosure filings fell 3 percent from the previous month and a whole 10 percent from a year ago, according to RealtyTrac data. That’s the good news. The bad news is that… Read More »
Future Foreclosures in Chicago & Other Cities Put Anticipated Housing Recovery at Risk
Many experts are declaring the end of the U.S. housing crisis to be on the horizon. But there may be another storm brewing before the dark clouds can part. As our Chicago bankruptcy attorneys discussed in recent blog posts, foreclosure starts have been on the rise this summer as banks attempt to unload their inventory… Read More »
For Underwater Georgia Homeowners Who Are Delinquent, Atlanta Bankruptcy Provides Relief
New statistics show that one in every three U.S. homeowners is underwater on their mortgage. In Atlanta, the numbers are even worse. More than half of homeowners in the Atlanta area owe more on their home loans than their homes’ market values, according to the data by MSNBC.com. However, the picture may not be as… Read More »
Most Underwater Homeowners Not Delinquent; For Those Who Are, Tennessee Bankruptcy Can Help
Nearly one-third of U.S. homeowners – or about 16 million mortgage holders – currently owe more on their home than it’s worth, according to MSNBC.com. But while being underwater on a mortgage is often associated with foreclosure, the majority of these borrowers have managed to stay current on home payments. On average, only 10 percent… Read More »
While More Underwater Homeowners Are Making Payments, Delinquent Borrowers Can Still Benefit from Chicago Bankruptcy
The statistics are startling: 16 million U.S. homeowners – or one of three people with a mortgage – owe more on their home loan than their house is worth. In Chicago, those numbers are even higher. Just over 41 percent of owner-occupied homes with a mortgage have negative equity, according to MSNBC.com. Yet despite the… Read More »