Tough times can fall on anyone. No one knows that better than a formerly successful rapper who has found himself deeply in debt and is now in the midst of a Chapter 7 bankruptcy. Chapter 7 bankruptcy involves the liquidation of assets in order to pay off creditors as...
Year: 2011
Florida’s foreclosure mediation program no more
Most would agree that the foreclosure mediation program launched in late 2009 had a laudable goal: to allow homeowners to avoid foreclosure through the loan modification process. Unfortunately, this program never delivered as its supporters had hoped. And now,...
Florida family wins generous chance to stay in their home
Too often people who are dealing with financial hardship believe that it is shameful to reach out for help. Help can come in the form of bankruptcy, Chapter 7 or 13, foreclosure prevention, short sale or loan modifications. For some, help might come in the form of a...
Foreclosed children: the growing homeless problem
When an adult loses his home to foreclosure, it can sound like just another case to add to a pile of others. But behind many who lose their home, they have families to worry about, children who need a roof overhead. A recent report is a necessary reminder of the...
Association fees bring new debt after bankruptcy
Filing for bankruptcy can lead many to have mixed feelings. On the one hand a successful bankruptcy takes a lot of debt off your shoulders, but on the other it represents a strike against your credit and there are exceptions to the types of debt that bankruptcy will...
Fannie Mae and Freddie Mac catch the Christmas spirit
The holidays are a time when we find the best in ourselves and in each other. It's a season of giving, when anything is possible. Even notoriously Scrooge-ish entities have found their collective hearts this winter. The Christmas Foreclosure Moratorium Fannie Mae and...
Renters: lost in the Florida foreclosure shuffle
Much has been made in the media of homeowners who have lost family homes to foreclosure. News stories have told tales of adjusted rate mortgages with skyrocketing interest rates, fraudulent notarizations on foreclosure paperwork and scores of homeowners left...
Spent by bills, American consumers unload debt
It's official. Debt is a four letter word, and as the economy continues to struggle many don't want it any more. Credit card debt in particular has consumers worn and many are hesitating to take on any new debt. Credit card companies are not issuing credit like they...
TLC member needs some TLC to pay off her debt
Many people tend to assume that celebrities never face money woes. The hit female R&B group TLC has had various top hits and successes, making it difficult for some to believe that one of the group's members needs to file for Chapter 13 bankruptcy protection. But...
Cutting corners leads to illegal military foreclosures
If there's anyone who truly deserves to live the American dream it is military service men and women and their families. Because of this there are laws that protect military families against foreclosure, specifically the Servicemembers Civil Relief Act of 2003....