Ohio Bankruptcy, Dayton Bankruptcy
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Category: Mortgage

Property Transfers and Gifts in Bankruptcy

March 20, 2018 | Posted in Mortgage

What property do I get to keep in bankruptcy is the primary concern of nearly everyone that files for bankruptcy. For those unfamiliar with the bankruptcy process, the US Bankruptcy Code grants the ability for debtors to safeguard certain types of property. These safeguards or circle of protection are known as “exemptions”. Using exemptions is […]

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Mortgages and Bankruptcy

November 24, 2015 | Posted in Mortgage

There are many individuals that find themselves in such financial difficulty that there is a risk that they are going to lose their home to foreclosure. Although interest rates are lower than what they have been for quite some time, there is a large number of people that are unemployed and have a run into […]

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Your Home In a Bankruptcy

November 17, 2015 | Posted in Mortgage

Most everyone is concerned about what they are going to lose if they decide to go bankrupt. They are concerned about their personal assets, and those that are not familiar with the bankruptcy laws often make the wrong assumptions. The first step that any individual that is in a serious financial predicament should do is […]

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Can Joint Home Ownership Be Affected in a Bankruptcy?

October 6, 2015 | Posted in Mortgage

Many individuals decide to buy property jointly. This can be a husband and wife, or other family members or even two friends. It may be for investment purposes. The problem that can arise however, is that a home that is owned jointly could be affected by one of the owners going bankrupt. Property Matters It […]

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What Happens to Your Second Mortgage in a Bankruptcy?

August 13, 2015 | Posted in Mortgage

Most people are worried about what their creditors can do to them. They are also worried about what they will lose in their bankruptcy. Some are shocked to discover that going bankrupt does not necessarily mean that all their debts are wiped out, and they don’t lose any of their possessions. While it does happen […]

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Reducing your Investment Property Mortgage in Your Bankruptcy

August 6, 2015 | Posted in Mortgage

Many individuals before running into financial difficulty invest in properties. Then when they run into financial problems and have no other choice but to go bankrupt, they then run the risk of losing that property. In a chapter 13 bankruptcy there is something called a cram down that might help to prevent the loss of […]

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My Home In Bankruptcy

March 19, 2015 | Posted in Mortgage

What happens to your home if you decide to go bankrupt will all depend which bankruptcy you qualify for and your specific circumstances. In a Chapter 13 bankruptcy you will not be at risk of losing your home. The mortgage holder also cannot increase your interest or change any other terms of the mortgage just […]

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FICO Changes Won’t Help Mortgages

September 18, 2014 | Posted in Mortgage

The release of a new FICO scoring system was initiated earlier this month. With anxious consumers awaiting the benefits of the new system, more information is rising that could prove to be a disappointment to consumers. New System, New Score The FICO 9 scoring system was launched for testing on the first of September. The […]

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Options for Your Underwater Mortgage

December 12, 2013 | Posted in Mortgage

Although the numbers are steadily decreasing across the country, many homes and homeowners are faced with underwater mortgages. For those who don’t know, an underwater mortgage is a mortgage in which more is owed than the current value of the home. During the housing market crisis, large numbers of homes went underwater due to plummeting […]

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