Category Archives: Mortgages
Tennessee Bankruptcy Can Assist Homeowners with Missed Mortgage Payments
The good news is that the rate of new mortgage delinquencies has slowed. The bad news is that many Tennessee residents are still behind on their house payments. Just over 7.5 percent of Americans were delinquent at the end of 2011, down from 10 percent in 2010. However, that still adds up to a lot… Read More »
Atlanta Bankruptcy Can Help Georgia Homeowners Delinquent on Mortgage Payments
We’ve all been there before. Our car breaks down and needs expensive repairs, we get a larger-than-anticipated medical bill, or some other unexpected expense pops up – and we wonder if anyone will notice if our bills are a little bit late this month. But when it comes to the mortgage, a late payment almost… Read More »
Tennessee Bankruptcy May Help Homeowners Hit by Second Wave of Foreclosures
It looks like a recent drop in Tennessee foreclosures was just a brief calm before the storm, according to The Tennessean. In 2011, approximately 11 percent of Nashville area home sales were related to foreclosures – a one-third decrease from the previous year. Now the number is expected to rise to as high as 15… Read More »
Homeowners Struggling to Close Short Sales in Chicago May Want to Consider Bankruptcy
As the number of underwater mortgages continues to rise, short sales have become a popular way for Chicago homeowners to avoid foreclosure without filing for bankruptcy. Unfortunately, homeowners are finding out that a short sale can quickly go from a saving grace to a nightmare. Quite often, a Chicago bankruptcy would have provided a more… Read More »
Banks Refuse to Help Homeowners with Underwater Mortgages in Atlanta on Moral Grounds
It was big banks that helped homeowners get in over their heads during the height of the housing bubble. So why are lenders now claiming they have a moral obligation to not help us out? Chalk it up to what’s known as moral hazard, or the theory that people will take undue risks if not… Read More »