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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Options"

The Four Options the Bank has When There is a Foreclosure Deficiency

One of the most common questions that a homeowner looking for help with their pending foreclosure asks is – what will the bank do to me if there is a defiency owed? Before I answer that question let me first discuss what I mean by deficiency. When your property is distressed and is facing foreclosure there is often a deficiency owed your lender/bank after a short sale, foreclosure auction, deed-in-lieu-of-foreclosure, etc. In other words the bank only receives back an amount less (i.e. deficient) than what they lent you. That difference of what they were paid back and what you borrowed from them is the “deficiency”. The bank has a number of options to deal with the deficiency you owe them. I want to point out here that the method you use … Read entire article »

Filed under: Foreclosure Help, Foreclosure Law, Insolvency

Refinancing a Mortgage – Researching Refinancing Options

Homeowners have several resources available to educate themselves about refinancing. These resources will list refinancing products on the market, current rates and information about finding a creditable lender. Research is recommended especially for homeowners who are unfamiliar with refinancing. Resources include books, online searches and consultations with refinancing experts. These resources will provide a wealth of information, but the homeowner should be prudent before relying wholly on recommendations made in any one source. Books Books are regarded as a trustworthy source of facts. The homeowner should, however, ensure that the material presented is current. There are many books that contain out-of-date data and inaccurate advice. A recommended approach is to research books that are recently published. They are most likely to contain current information. The finance industry is constantly developing new products and concepts. … Read entire article »

Filed under: Mortgage Refinancing

Nail Your Debt with Credit Card Debt Relief Options

Unpaid debt often leaves a person with a combination of overwhelming feelings that can literally send his or her life spiraling out of control. As stressful and overwhelming it can be there are a number of credit card debt relief options that could help you save money and in turn get you out of debt. Most importantly to make any credit card debt relief option work, you are advised to stop accumulating any new credit card debt and use the credit card wisely. As with high interest rates, high monthly payments, large credit lines, and late fees a credit card can dig a person deeper into debt. To attain freedom from debt, different common types of debt relief options are available like roll up strategy, debt consolidation, consumer credit counseling and … Read entire article »

Filed under: Credit Card Consolidation, Debt Relief

Be Prepared: Examining Foreclosure Alternative Options

Article by Christopher M Lee As property values continue to depreciate and more and more homeowners are facing the loss of their homes, it is becoming increasingly important to be well informed of the options available. Foreclosure should always be the last resort, as it can be exceptionally devastating to a credit score. Both a deed in lieu of foreclosure and a short sale are valid alternatives that will have a gentler impact on a homeowner’s credit score. However, there are some key differences that will make each one more suitable to particular situations. Deed in Lieu of Foreclosure A deed in lieu of foreclosure is the most straightforward foreclosure alternative. In this case, a struggling homeowner would voluntarily turn over ownership of a residence (in the form of the deed to the property) … Read entire article »

Filed under: Foreclosure Help, Insolvency

Credit Card Debt – Three Easy Options for Relief

Credit card debt has become increasingly prevalent during recent years. Partially due to the current economy, more and more people are spending more while making less. While there are positive and negative aspects to using a credit card, slipping into debt can be a dangerous path. Without proper financial management and fiscal responsibility, many consumers are in need of help. Three factors can help relieve debt: settlement, debt relief, and credit counseling. While these are not the only available options for eliminating card debt, they are three of the most popular and effective methods. Through solid research and determination, consumers in debt can regain financial stability by using these methods. Settlement — Excessively large amounts of debt can often be relieved (partially or wholly) through debt settlement. In order to utilize debt … Read entire article »

Filed under: Credit Card Consolidation, Debt Relief

What are my daughter’s options upon receiving a foreclosure notice on her home?

My daughter is currently going through a divorce and does not live in the home, although her soon to be ex husband does. Both their names are on the mortgage, and she just received papers that there is an impending foreclosure on the home. Can she put the house up for sale, and, or do what they call, a “fast sale” in order to get out from under this? He doesn’t currently work, and does not seem to care either way what happens. … Read entire article »

Filed under: Foreclosure Help

Options for Corporate Bankruptcy: Choosing Between Chapter 11 Bankruptcy and Chapter 7 Bankruptcy

Article by Dason Jocko When your business is in serious financial trouble, it may be time to consider filing for bankruptcy. If you’re uncertain whether to file for Chapter 7 or Chapter 11 bankruptcy, read on to learn about your corporate bankruptcy options. If your business is struggling to keep ahead of mounting bills, it may be time to consider filing for bankruptcy. More and more companies are succumbing to today’s depressed financial situation and are having to face bankruptcy. But before filing a bankruptcy, it’s important to understand that the type of business bankruptcy you choose can have a serious impact on the final outcome. Learning more about Chapter 11 and Chapter 7 bankruptcy filings can help you determine which is the right solution for your company’s financial woes. Filing Chapter … Read entire article »

Filed under: Bankruptcy Info

What options are available to avoid foreclosure?

I have a relative that can no longer pay for a high mortgage payment, what options are available to avoid foreclosure? The house has been on the market for nine months but no buyers. … Read entire article »

Filed under: Foreclosure Help

Are there currently options for refinancing if you are upside down in your mortgage?

I took out a second and did home improvements to my home…just in time for the market crash. I’m now either barely even, or a little upside down. Are there any options to refi to a lower rate, or do I need to wait for values to climb again? … Read entire article »

Filed under: Mortgage Refinancing

Home Foreclosure Options – Tampa St Petersburg Bankruptcy Lawyer 800-526-1949 Individuals interested in finding out about home foreclosure options in Tampa & St. Petersburg should watch this video featuring foreclosure attorney Ian Leavengood. … Read entire article »

Filed under: Foreclosure Law

Refinancing options for rejected Obama HARP Plan application?

We applied a few weeks ago for a refinance through President Obama’s new HARP plan. We were initially preapproved, but since then we were denied. We are current and always have been on payments. Our home has lost a lot of its value with the economy (we are in Michigan where it is really bad), but I thought this plan was supposed to help people with that problem. We currently have been in our home for 2 years. It appraises within $10,000 of what we owe, which I actually don’t think is so bad, but I called one company and they said it didn’t appraise out for a conventional remortgage. Our credit is excellent (nearly 800 credit score). We currently have a split mortgage to avoid PMI. The first loan … Read entire article »

Filed under: Mortgage Refinancing

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