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Welcome to the Bankruptcy Forum!
Bankruptcy was designed to resolve debt and stop foreclosure and lawsuits.
Ask a bankruptcy attorney whether Chapter 7 or 13 bankruptcy could help you.
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Mar 14, 2009 - 6:34 AM - by laz
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0 Replies | 213 Views
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Mortgage Bankers Association-Short Sale Headquarters at Big Loss |
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Feb 09, 2010 - 5:07 PM - by DeadManCrawling
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February 6, 2010
Like millions of American households, the Mortgage Bankers Association found itself stuck with real estate whose market value has plunged far below the amount it owed its lenders.
But the trade group for mortgage lenders is refusing to say exactly how it extracted itself from that predicament.
On Friday, CoStar Group Inc., a provider of commercial real estate data, announced that it had agreed to buy the MBA's 10-story headquarters... [Read More]
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1 Reply | 35 Views
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Why We Care About Idiot Homeowners |
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Feb 08, 2010 - 1:20 PM - by HakunaMatata
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February 1, 2010
Last week I penned an article, "Why Are Homeowners Idiots?", that engendered a lot of heated debate.
The basis of the article was a paper by University of Arizona law professor Brent White. As White's paper pointed out, many severely underwater homeowners are staying put because of a perceived moral obligation to continue paying. Many readers of the article felt very strongly about this obligation, and suggested that there's no good reason to... [Read More]
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0 Replies | 108 Views
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More than 10,000 Britons declared insolvent every month |
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Feb 05, 2010 - 6:52 AM - by keepinitreal
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Feb 05 2010
More than 10,000 Britons are being declared insolvent every month, the highest level on record, official figures have shown.
Despite the recession being declared over, many households are still unable to live within their means.
And experts warned insolvency numbers will rise further once interest rates begin to head above their current low level of just 0.5 per cent.
Alan Tomlinson, partner at insolvency practitioners Tomlinsons,... [Read More]
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1 Reply | 75 Views
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Mortgage lenders pursue homeowners even after foreclosure |
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Feb 03, 2010 - 11:50 AM - by moneytrouble
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February 3, 2010
As terrible as it is to lose your house to foreclosure, at least it's a relief to put your biggest financial headache behind you, right?
Wrong.
Former homeowners may still be on the hook if there's a difference between what they owed on their mortgage and what the bank could sell it for at auction. And these "deficiency judgments" are ticking time bombs that can explode years after borrowers lose their homes.
It can... [Read More]
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1 Reply | 221 Views
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Our site provides information about bankruptcy law, credit, foreclosures and so on. This information is designed to help users safely cope with their own legal needs.
Legal information is not the same as legal advice.
No advice given on our forums can be considered legal advice. We recommend you consult a lawyer if you want professional assurance that information given to you by other forum members, and your interpretation of it, is appropriate to your particular situation. Everything is strictly informational.
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