Judgment Ordered, What Happens Next?

Not that long ago, I had a client call me and a collection lawsuit had been filed against her.  She did not know what to do.  We discussed the debt and she admitted that she owed the debt.  She did not know what would happen next.  We discussed that it would be a waste of her limited money to pay me to defend a valid claim and so...

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What happens to a Land Contract Purchase of Real Estate when the Purchaser files for Bankruptcy?

When a property is purchased on contract, land contract or some other form of agreement where the purchaser is renting to own real estate and the purchaser files for it can leave the seller in a precarious position. One of three things is likely to happen depending on the circumstances: First, the seller may file a Motion for Relief...

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Should I file bankruptcy?

Should bankruptcy be filed is a question that many consider every day just as we have heard about the United States debt issues over the last several months. At the last minute the United States has avoided the and, sadly, in doing so most people will experience because of our Congress’ negotiated deal. The United States has the m...

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Mortgage After Foreclosure, Bankruptcy and Short Sales

Mortgages and are significant issues for my debt clients that are facing foreclosure, bankruptcy or considering a short sale for their home.  When one of these events happen, there are general rules of thumb of what will happen if you seek a mortgage and when you might be able to qualify for a mortgage. results in the longest waiti...

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Bankruptcy Counseling: Why is it essential for the petitioners?

Are you skeptical whether you can complete the bankruptcy counseling session? If so, then you can get detailed information on bankruptcy counseling from this article. However, the bankruptcy law compels the consumers to get financial education course before they  and discharge their debts. Generally, a pre counseling session helps ...

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What is an Indiana short sale for real estate?

Economic times in the United States are as hard as citizens have experienced in decades leaving homeowners to consider an Indiana short sale to sell their home.  While the stock market rises, home values continue to decline and, contrary to the belief of many, home sales remain stagnant.  As many Indiana realtors will tell their se...

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How much does it cost to file bankruptcy

How Much Does It Cost to File Bankruptcy? What are Normal Fees for an Attorney? When it is apparent that you need to file bankruptcy, the first question I am asked is how much does it cost to file bankruptcy.  When money is tight, this is a reasonable question; however, seeking the "cheapest" bankruptcy attorney is a mistak...

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Back to Basics: What Can Bankruptcy Do For You? Jun26

Back to Basics: What Can Bankruptcy Do For You?

Bankruptcy Can: Stop Harassing Collection Calls Stop Foreclosure Save Your Home Stop Repossessions of Vehicles Save Your Car Stop Garnishments Stop Lawsuits Eliminate Debts Like Credit Cards, Medical Bills and Other Money Owed Eliminate Some Taxes Call...

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What is a REO property? Jan14

What is a REO property?

When considering real estate listings, many people will wonder what a "REO property" is.   REO stands for 'real estate owned'. It is the term used to describe a home or property that is in the possession of a lender as a result of a foreclosure. That means the foreclosure has already taken place, a sheriff sale has resulted in ...

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