Posts Tagged ‘stop foreclosure’
What Should I Do I Just Got A Wage Garnishment Notice?
You need to understand that when employer gets that wage garnishment order, by law they must begin withholding 25% of your take-home pay right away. The papers say there is a period of time before a response is due but that just means your employer has to keep the money collected until they get an order telling them where to send the money.
Read MoreWill Bankruptcy Save My House
The most common method, used by a mortgage lender to collect on a past due home loan is to foreclose. A foreclosure is the forced sale of someone’s home in order to pay back the debt owed on the mortgage that was used to buy the home. If you have fallen behind on your mortgage payments there are ways to keep your home using the bankruptcy process.
Read MoreIs Bankruptcy Better than Foreclosure
When thinking “is bankruptcy better than foreclosure?”, at the end of the day you need to realize that while sometimes foreclosure might not affect your credit score as much, it still goes on your credit report, leaves you without your home and fails to settle all the other debt you might carry. Meanwhile bankruptcy affects all your debt not just the mortgage loan debt. Bankruptcy tends to be more global financial relief.
Read MoreBankruptcy to keep your home
You may want to consider filing bankruptcy to keep your home, or at least use it to delay foreclosure in some difficult circumstances. The majority of people that declare bankruptcy are able to keep their home throughout the process, but some are not. The government does not expect landlords and other property owners to provide…
Read MoreBankruptcy when to file
One of the most common search terms in the bankruptcy world is: bankruptcy when to file. There are some many variables in that question that book could be written on the subject. In some situations sometimes there is the right moment to file for bankruptcy. It could make sense to hold off filing to be able…
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