Recent Posts in Mortgage Category
Posted on Feb 3, 2012 By Robert Kovacs
Dear NACBA Member, Thanks to the good work of so many members, NACBA’s Principal Paydown Plan to help underwater homeowners in chapter 13 bankruptcy avoid foreclosure, has been endorsed by a ...
Continue reading "NACBA's Principal Paydown Plan" »
Posted on Oct 16, 2011 By Robert Kovacs
"Supreme Court Accepts Case Challenging Mortgage Fees Charged by Quicken Loans" "Updated: The U.S. Supreme Court has agreed to decide whether federal law bars mortgage lenders from ...
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Posted on Aug 31, 2011 By Robert Kovacs
Eighth Circuit BAP Allows Strip Off of Wholly Unsecured Lien in Chapter 20 The Eighth Circuit BAP found that a chapter 13 debtor may strip off a wholly unsecured lien on his principal residence even ...
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Posted on Aug 23, 2011 By Robert Kovacs
Homeowners Need Help Neither Congress, nor federal regulators, nor state or federal prosecutors have yet to conduct a thorough investigation into the mortgage bubble and financial bust. We welcomed ...
Continue reading "Homeowners Need Help -- from the New York Times" »
Posted on Jul 20, 2011 By Robert Kovacs
Bankruptcy Can Provide Leverage to Underwater Homeowners The Washington Post recently reported that the Obama administration is not planning another large federally funded program to relieving the ...
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Posted on May 30, 2011 By
Rental Property - Mortgage Cram Down - Reduce your principle balance on your mortgage loan In a chapter 11 or 13 bankruptcy you may be able to reduce the outstanding principle balance on your mortgage ...
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Posted on Jun 1, 2010 By Robert Kovacs
Starting today, June 1, 2010, HAMP Home Loan Modifications cannot be denied because you are in an active chapter 7 or 13 bankruptcy. This is significant for many consumers. Many consumers facing ...
Continue reading "HAMP Loan Modification Changes – Modification can NOT be denied because of active bankruptcy " »
Posted on May 31, 2010 By Robert Kovacs
Bankruptcy can save your home from foreclosure! The moment a bankruptcy case is filed with the bankruptcy court the automatic stay comes into effect. The automatic stay prevents creditors from taking ...
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Posted on Jan 24, 2010 By Robert Kovacs
If you file bankruptcy you will keep your home ; unless you want to surrender it to the bank. In order to keep your home you will need to at a minimum be able to make the current monthly payment on ...
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Posted on Jan 15, 2010 By Robert Kovacs
Filing bankruptcy does not prevent you from buying any property, including a new home or cars. However, the better question is; when will a bank give me a mortgage for a new home? Chapter 7 bankruptcy ...
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Posted on Jan 15, 2010 By Robert Kovacs
Filing bankruptcy will automatically stay any foreclosure proceeding. So long as your bankruptcy case is filed prior to the actual foreclosure sale. If your intention is to permanently save your home ...
Continue reading "HELP! My home is going to be foreclosed on. " »
Posted on Jan 12, 2010 By Robert Kovacs
The following is a list of FREE internet sites that may help in the valuing of your home: http://realestate.yahoo.com/Homevalues http://www.zillow.com/ http://www.cyberhomes.com/ ...
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Posted on Jan 10, 2010 By Robert Kovacs
The goal for most individuals in bankruptcy is to receive a discharge of their debts. A discharge is a release of your legal obligation to repay your debt. With limited exception the discharge will ...
Continue reading "What is Discharge? " »
Posted on Jan 1, 2010 By Robert Kovacs
Despite a recent stabilization in home prices, CNN Money is reporting that home values will continue to decline in 2010 (http://money.cnn.com/2009/12/31/real_estate/home_price_drop/index.htm) . If the ...
Continue reading "CNN Money Reports that Home Values Will continue to decline in 2010 – Can I now eliminate my second mortgage " »
Posted on Dec 31, 2009 By Robert Kovacs
In an article from the Worcester Telegram and Gazette ( http://www.telegram.com/article/20091230/NEWS/912309982/1002 ) it is reported that foreclosure petitions in Massachusetts remain high. The good ...
Continue reading "Telegram and Gazette reports “Foreclosure petitions still high” – Bankruptcy can save your home " »
Posted on Dec 15, 2009 By Robert Kovacs
Debtors filing chapter 13 bankruptcies may be able to eliminate their obligation to repay their second mortgage and still retain their home. In order for to eliminate the mortgage and keep your home ...
Continue reading "Eliminating a Second Mortgage or Equity Line of Credit and keeping your Home. " »