Topic: Mortgage

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Vacation Homes in Chapter 7 Bankruptcy

We’ve discussed what happens to your primary residence when filing for bankruptcy protection, but what happens to vacation homes in Chapter 7 bankruptcy? Chapter 7 bankruptcy protection can, in many cases, save your primary residence assuming you are able to exempt...

Understanding Second Mortgage in Bankruptcy

Some homes have depreciated in the recent times. You might consider getting your second mortgage in bankruptcy discharged under chapter 13. The elimination of the second mortgage is carried out by a process termed as lien stripping. Understanding second mortgage in...

Bankruptcy Effects on Mortgages

In case you file for bankruptcy while you have an active mortgage loan, there are many different ways in which it can play out. Depending on your lender, you can reaffirm the loan or you might be eligible for a loan modification. Some lenders will continue to accept...

Mortgages After Bankruptcy

Mortgage debt problems can be stressful, but so is losing a home to foreclosure. For many people who have suffered financial hardship, bankruptcy offers a way to resolve debt problems and regain control over their future. When it comes to mortgages after...

Avoiding Mortgage Debt

Your home is your biggest asset and one that brings you much pride. Owning a home is a big responsibility that comes with a lot of work. Unfortunately, hard times can fall on good people through no fault of their own, leaving them at risk of mortgage debt problems and...

Mortgage Modification in Sacramento

A loan or mortgage modification in Sacramento is a way to adjust the terms of one’s current loan, by either reducing the interest rate or extending the pay period or sometimes both. The overall goal is to lower monthly payments on your loan to prevent default and in...