September 24, 2017

Search Results for: foreclosure process

Help Homeowners Facing Foreclosure: Part Three of Three

In my first post of this series we covered how foreclosure works, step by step, and defined some basic real estate terms related to distressed sales. In the second post, we answered questions on preventing foreclosure, negotiating with a mortgage company, and what to do about an adjustable rate mortgage that will soon reset. This post addresses questions on short sales and sifting through … [Read more...]

Help Homeowners Facing Foreclosure: Part Two of Three

In my first post of this series we covered the foreclosure process and defined some basic real estate terms related to distressed sales. In this article I'll cover questions and answers on preventing foreclosure, negotiating with a mortgage company, and what to do about an adjustable rate mortgage that will soon reset. Q: Can I legally prevent a foreclosure? First, there is very rarely any … [Read more...]

Help Homeowners Facing Foreclosure: Part One of Three

Foreclosures and short sales face thousands of Carolinians. I wrote this three-part series to give readers facing Carolina foreclosures and short sales straightforward information that is grounded in North Carolina law and the federal Bankruptcy Code. Sadly, four years into the financial meltdown, I continue to get a steady stream of calls asking for help preventing home foreclosures, forced … [Read more...]

Challenge Your Foreclosure?

For struggling homeowners trying to avoid foreclosure, the processing errors admitted to by GMAC and Chase could mean an opportunity to challenge the banks. If you can stomach a bit of crude humor, Jon Stewart sums up the situation rather well. Mon - Thurs 11p / 10c Foreclosure Crisis On a more serious note After 40 years of helping families and businesses … [Read more...]

Senior Citizens and Student Loans

Student loans are often in the news, but a Washington Post article in April of this year examined the increasing problem of senior citizens with student loan debt. New research from the Federal Reserve Bank of New York shows that Americans 60 and older still owe about $36 billion in student loans, providing a rare window into the dynamics of student debt. More than 10 percent of those loans are … [Read more...]

Bankruptcy FAQs

We know what to do when a pipe bursts or a tooth chips, but most of us are navigating uncharted waters when it comes to dealing with financial hardship in an orderly way. Layer on a thick dose of social shame, and it's no surprise that people often wait longer than they should to seek professional guidance. Here are a few commonly-asked questions with answers designed to start you on the path … [Read more...]