Archive for March, 2008

Chapter 7 and Chapter 13 — Which Bankruptcy Stops Foreclosure?

For most homeowners, bankruptcy is certainly not their first choice to save their home from foreclosure. This is for a very good reason, as the credit effects can be quite serious and its results are generally poor, at best. Many of those who file bankruptcy to get out of foreclosure find themselves right back in […]

Don’t Expect the Government to Help You Save Your Home

Now that the banks and local governments are finding themselves in serious danger due to the housing crisis, they have been working together even more visibly than they always do. Mortgage companies experiencing defaults in record numbers are having a difficult time remaining solvent and have required injections of inflated capital from the central bank; […]

A Readers Comment About Foreclosure And Sheriff’s Sale

YOU ARE PROBABLY AWARE OF THIS BUT PLEASE TELL PEOPLE IN YOUR ARTICLES TO BE AWARE OF ANY OTHER DEFENDENTS NAMES ON THE FORCLOSURE. I BROKE MY BACK IN 1999 AND BECAME DISABLED LOSING MY INCOME AND THE BANK OF AMERICA FORCLOSED ON ME IN 2001.UNBEKNOWETH TO ME I HAD A SURPLUS AT THE AUCTION […]