Blog , Foreclosure , Mortgages & Foreclosures
Can I sell my house to my child so that I can stop a foreclosure and continue to live there? Yes, but your child will still have to pay off the loan. We have seen a number of situations in which people file a Chapter 13 bankruptcy case to stop a foreclosure sale. The debtor […]
Read MoreBlog , Foreclosure , General Bankruptcy , Mortgages & Foreclosures
The pros and cons of a 30-year mortgage loan is a discussion I often have with my clients. They are often shocked by the amount of interest they will pay over a span of 30 years. My suggestion, though, is to get the longest possible amortization. The longer the amortization, the lower the required payment. […]
Read MoreBlog , Foreclosure , Mortgages & Foreclosures
Most, if not all states, provide homeowners with a timeframe within which to cure their default. And of course, appearing in the foreclosure suit will result in additional time prior to the entry of judgment. Depending upon the facts, such as whether or not the lender really has the note and can prove the debt, […]
Read MoreDivorce & Bankruptcy , Divorce & Bankruptcy , Mortgages & Foreclosures
The answer usually depends upon the intent and goals of the couple. If one spouse wishes to remain in the house, that spouse will have to have the financial capabilities to do so. Refinance or sale is always an option, but it is not always possible to do so. Typically, a divorce order might order […]
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