The threat of home foreclosure can be terrifying as you struggle to keep up with payments or look for ways to keep a roof over your family's heads. With the housing crisis and recession, simply selling a home that is unaffordable is not always a feasible plan, as many...
Month: January 2015
Loan modification scams can make finances worse
For many struggling homeowners, the ability to seek and be approved for a loan modification has been a saving grace of sorts. However, complications when it comes to being approved for a loan modification or falling prey to a loan modification scam can all make a...
Unsecured debt can still be discharged through bankruptcy
When the recession hit and more and more people found themselves in a position where they felt bankruptcy was the only option, bankruptcy filings hit an all-time high. At the same time, bankruptcy laws and regulations changed throughout the country. For those in...
Florida counties see lower home foreclosure rates
With the brunt of the recession having passed, there are signs of economic recovery. Despite those signs of recovery, there are those in Florida who still struggle and are actively seeking ways to avoid home foreclosure or ways to go through the bankruptcy process...
Chapter 13 bankruptcy may be preferred option in Florida
Once a family decides it is in financial peril, there may be several options available as a means of regaining financial control or getting back on stable ground. For some, Chapter 13 bankruptcy may be the preferred option for regaining financial control. In Florida,...
Many in Florida on verge of Chapter 7 bankruptcy
Although the recession is waning, according to reports, many still struggle to stay above the poverty line. A new study took many by surprise, as it told of the true picture of the economic situation in the central Florida region. According to the new numbers, many...
Rise in interest rates may hamper debt relief in Florida
Anyone who has a student loan, mortgage, auto loans or credit cards most likely pays attention to interest rates. The slightest interest rate increase or decrease can be the difference between being able to keep up with a loan or mortgage and struggling to maintain a...
Loan modification scam hoodwinks Florida homeowners
When a homeowner is having trouble keeping up with a mortgage, a loan modification through his or her lender may be the right choice. However, choosing between a loan modification and whether to file for bankruptcy can be a difficult decision. It can be made even more...
Know the facts about bankruptcy to stop home foreclosure
There are no guarantees when it comes to the outcome of filing for bankruptcy. The bankruptcy process can yield different results from one Florida family to the next. For those who are concerned with how to stop home foreclosure by filing for bankruptcy, it is...