There is no doubt that homeowners across the country have struggled in recent years to stay in their homes and prevent home foreclosure. We see it all too often in Florida, and homeowners in other states are also falling victim to the recklessness and poor...
Month: May 2012
Floridians: How do you want millions from settlement to be used?
Many people equate home ownership with the American dream, but with mortgage fiascos popping up all over the country, many Florida homeowners have been experiencing a nightmare. Many experience unwanted foreclosure or grapple with additional debt while trying to keep...
Financial tips for college grads with debt, part 2
In a previous post, we began a discussion about how college graduates can enter the real world while creating financially wise habits. A college degree is no promise of financial stability. In fact, it very well means that the graduate with her degree has more student...
Can you be “too broke” to file bankruptcy?
There have always been myths surrounding bankruptcy. You may have heard filing is only for deadbeats or people who don't want to pay bills. There is a myth that after bankruptcy, your credit is forever ruined. A new deterrent for filers is the idea that bankruptcy...
‘Octomom’ is in the midst of both bankruptcy and foreclosure
In a previous Chapter 7 post, we shared how the notorious mother of 14, Nadya Suleman, is facing some serious financial hardships. The single mother of multiples is unemployed but owes a reported $1 million in debt to various parties. One of those parties who is...
Financial tips for college grads with debt, part 1
A college education opens doors to career opportunities. That is the general point of going to school, right? Students want to prepare themselves to become qualified to get a job that can support them after graduation. Unfortunately, that positive outcome has become...
Notorious mother of 14 files for Chapter 7 bankruptcy
You might know her as the "Octomom," but Nadya Suleman is more than the woman who gave birth to eight kids. She is the mother of a total of 14 kids, and those numbers have worked against her financially. Last week, reports indicated that Suleman filed for Chapter 7...
Foreclosure activity up in Orlando in 2012’s first quarter
Foreclosures can be very impactful on homeowners. Recently, the Orlando Business Journal reported on some statistics regarding foreclosure activity in the Orlando area in this year's first quarter. The statistics are from the real estate information company,...