Crucial Question: How Quickly Will Bankruptcy Stop a Home Foreclosure?
Bankruptcy will stop foreclosure fast. But there are excellent reasons to get your ducks in a row early.
Tag mortgage lenders
The Maddening Reality behind the New $8.5 Billion Settlement of the Banks’ Foreclosure Abuses
This settlement means for of the same for the New Year: "no accountability for financial institutions and little help for borrowers," according to a NY Times op-ed.
New $8.5 Billion Settlement between Federal Regulators and 10 Banks for Home Foreclosure Abuses
3.8 million people whose homes were in foreclosure in 2009 and 2010 will receive $3.3 billion in cash, plus another $5.2 billion in other help.
The Nitty-Gritty about Catching Up on Your Mortgage through Chapter 13–Part 2
More answers about how Chapter 13 gives you up to 5 years to catch up on your past-due mortgage.
The Nitty-Gritty about Catching Up on Your Mortgage through Chapter 13–Part 1
Chapter 13 gives you up to 5 years to catch up on your past-due mortgage. How does this actually work?
Stopping a Home Foreclosure with a Bankruptcy, Temporarily or Permanently
Filing bankruptcy can buy you a little time or a lot of time, enough time either to transition to a new home or to save your home.
Independent Monitor Releases 1st Report on the Bank’s Compliance with the National Mortgage Settlement
This report provides tons of accessible information, lots of clear graphics. Includes a detailed timetable, and state-by-state compliance data.
Chapter 13 Turns the Power of the “Automatic Stay” into a Superpower
If Chapter 7 strengthens your hand against your secured creditors, Chapter 13 turns you into Superman. It starts with a much more robust "automatic stay."
What if Protecting Your Home Is Your Highest Priority?
You may have serious financial problems but have still managed to keep current on your mortgage. How does bankruptcy NOT hurt your home but instead protects it?
State Sued for Diverting $50 Million from its Foreclosure Settlement Fund
The state with the highest foreclosure rate, Arizona, is being sued for violating the settlement's federal consent judgment by not using the funds for helping homeowners.
Some States Are Not Using Their Foreclosure Settlement Funds to Help Homeowners
States recently received $2.5 billion from the major banks for foreclosure prevention and related help for homeowners. But much of that is not being used for those purposes.
AARP Report Says More Older Americans Now Still Have Morgage Debt;foreclosures
Not only is the foreclosure rate climbing for older mortgage holders, it is climbing faster than it is for younger ones.
“Nightmare on Main Street,” the AARP’s Report on Older Americans Coping with the Continuing Foreclosure Crisis
This new AARP study reveals shifts in mortgage patterns with huge immediate and near-future consequences.
Your Bankruptcy Rights vs. Creditors’ Rights to “Not be Deprived of Property without Due Process of Law” under the Fifth Amendment
The U. S. Constitution doesn't talk about it, so how does filing bankruptcy give you the power to stop a foreclosure?
Debts You Really Care About, and WANT to Pay
In bankruptcy, are you allowed to favor: 1) creditors with collateral, so that you can keep the collateral; 2) creditors toward whom you have special loyalty; and 3) creditors who have extraordinary leverage against you?
