Making Sense of Bankruptcy: Qualifying for a Second (or Third) Mortgage “Strip”
You can strip a junior mortgage from the title to your home if the home is not worth enough to have any of its equity covering that mortgage.
Making Sense of Bankruptcy: Strip a Second (or Third) Mortgage Off Your Home
If you qualify, stripping a junior mortgage from the title to your home could make it worth saving while making it possible to do so.
Making Sense of Bankruptcy: Catch up on your Home Mortgage Arrearage
A Chapter 13 "adjustment of debts" gives you many tools to save your home, starting with giving lots of time to catch up on your mortgage.
Crucial Question: Can You Give Examples of Some of the Main Benefits of Chapter 13?
We end this series on Chapter 13 with some illustrations of how it works and why it can be so great.
Thanksgiving Week: Giving Thanks for Special Home-Saving Tools-Part 2
Save your home by "avoiding" judgment liens and "stripping" your second (or third) mortgage off your title.
Crucial Question: Can You File a Chapter 7 “Straight Bankruptcy” If You Want to Keep Your Home But Are Behind on Mortgage Payments?
Yes, Chapter 7 may make sense if discharging your other debts would enable you to catch up on your back mortgage payments quickly enough.
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.
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.
A Rule of Thumb about Chapter 7 vs. Chapter 13
If you qualify for both Chapter 7 and 13, look closely at how much you'd be helped by Chapter 13 before choosing Chapter 7 merely because it's simpler.
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."