As the recession hit, many homeowners had no choice but to seek help from their lenders. One source of help for many in Florida was a loan modification. A loan modification under the Home Affordable Initiative in 2009 helped many people obtain new payment amounts that...
Month: March 2015
Bankruptcy can help stop home foreclosure action in Florida
The thought of going through the home foreclosure process can be stressful and even frightening for some homeowners. It may behoove some Florida homeowners to investigate how filing for bankruptcy may act as a means to stop a home foreclosure action against them....
Despite laws, military still subject to home foreclosure
The home foreclosure process can be overwhelming and time-consuming. For people who are in the military and subject to long deployments, facing a home foreclosure can be even more traumatic as that military member may be unable to fight the home foreclosure action or...
Credit card debt back on the rise for Americans
When the recession hit, many American families found themselves drowning in debt. One major unmanageable source of debt was credit card debt. For Florida residents, credit card debt led to an upswing in bankruptcy filings. While the recession has waned and the economy...
Chapter 13 bankruptcy can be a useful debt repayment plan
When a person is in debt, it is customary to try to stick to a budget or implement a payment plan on one's own. While this may help some Florida residents overcome debt, others may find they get to a point where they realize the problem is beyond their control. At...
Florida home wrongfully pegged as home foreclosure site
The home foreclosure process can be tough to navigate, both legally and emotionally, and many people are unaware of what may be legal and what may not be. If a case gets particularly complicated and a bank acts illegally concerning home foreclosure, a homeowner will...
Bankruptcy can be a step toward debt relief
For many people, there comes a time when the financial realities they face simply will not get better with time or even by carefully monitoring finances. If debts continue to grow and paying off what is owed is not an option, it may be time to pursue bankruptcy....
Bankruptcy will impact home foreclosure status now and in future
One of the main reasons people pursue filing for bankruptcy is to gain control over a financial situation which they have been unable to control on their own. Part of the financial struggle for many individuals involves keeping up with a mortgage payment. It is not...