Bankruptcy Lawyer in Lane County Helping to Eliminate Second Mortgages
Second mortgages, often in the form of a Home Equity Line of Credit (or HELOC) is an effective tool to use the equity in your house to make home improvements or pay for other expenses. However, if you find yourself in financial distress, the extra mortgage payment may take a serious toll on your budget.…Read More
How to Get a Mortgage After Filing Bankruptcy
Most folks think that if they file for bankruptcy, they’ll never be able to get credit again. They have dreams of buying a house, so they wait and wait while interest accumulates on their accounts. They struggle to repay the money they owe until eventually, they have no choice but to file for bankruptcy. With…Read More
How Can Bankruptcy Stop My Foreclosure?
Bankruptcy is an extremely useful tool when encountering a foreclosure on real property. As part of my practice, I do foreclosure defense. In many cases, bankruptcy is a fall-back option should my clients be unable to obtain a timely mortgage modification. Sometimes we choose bankruptcy first to stop a foreclosure, rather than alternative options that…Read More
How to Deal with a Second Mortgage or HELOC – Try Avoiding it in a Chapter 13 Bankruptcy
With home values precipitously dropping over the past few years, many people find that their houses are underwater – owing more on the house than the house is actually worth. Add to this the reality that many people are straddled with more than one mortgage with the addition of a second mortgage or a home-equity line of…Read More