When property owners, including homeowners, do not pay real estate taxes, the county can “sell” the taxes to a “tax buyer.” Here’s How It Works: If the taxes are delinquent for more than one (1) year, then the county will sell the taxes. A tax buyer pays the county the amount of the delinquent taxes. […]
What Is Real Estate Tax Sales Redemption? Read Post »
Real Estate Tax
It is not infrequent that I have received a telephone call: “The sheriff’s sale was last week. Can you help me save my home?” I reply, “Why did you wait?” The typical answer is: “I was working with the mortgage company on a loan modification. They said it looked good, so I didn’t do anything.”
Can Someone Get A Loan Modification During A Pending Foreclosure? Read Post »
Foreclosure Loans VideoWhen you go to a 341 meeting, what you must have is your Social Security card, or other proof of Social Security number, and a state issued ID card or driver’s license. Those are the 2 things that are required on the notice sent out by the court. Some Chapter 7 trustees also request copies
What Paperwork/Documentation Should Someone Have At A 341 Meeting Read Post »
Documents VideoFiling a Chapter 13 is a voluntary decision. There are various reasons you might want to convert if it is not working, or you have a car that you are trying to save, which is a piece of junk now, or the housing situation is just not working out. You have a real estate tab,
Can Someone Convert A Chapter 13 To A Chapter 7 Bankruptcy? Read Post »
Chapter 13 Chapter 7 VideoWhat Are Second Mortgages, Judgment Liens And Tax Liens In Foreclosure? When foreclosure cases are filed it is common to see defendants other than the property owner. Mortgage companies get title searches before filing a foreclosure. The title search will show entities that have liens on the property. Common additional defendants include junior mortgagees; Judgment
What Are Second Mortgages, Judgment Liens And Tax Liens Read Post »
Liens MortgageThe answer is “Yes.” But the real question is whether a Chapter 7 is in my best interest? The main questions are: The above is very simplified but covers 90% or more of individuals looking to get out of debt. It is always wise to consult with a lawyer who has experience in Consumer Bankruptcy.
Can I File a Chapter 7 Bankruptcy? Read Post »
Bankruptcy Chapter 7 VideoThrough Chapter 13 2nd mortgages can often be eliminated and reduced to an unsecured claim. There are two sections of the Bankruptcy Code that in essence say a junior mortgage is a secured claim only if after deducting all senior liens there is still some equity left for the junior mortgage. If the property has no
How Can A Second Mortgage Be Eliminated? Read Post »
Homeowner Mortgage VideoIf you default on your car payments, the lender or dealer won’t wait long to repossess. You do not have to just let this happen! Filing for bankruptcy can stop repossession. Even if the “repo man” has already taken your vehicle, there may be a chance to get it back if you act fast. If
IRS Liens The IRS often files tax liens on property. The lien is extended to all property in the county in which it is filed. The tax lien applies your house and all your personal property. The lien is good for 10 years. There are 2 instances where the tax lien can be avoided in
How Can IRS Tax Liens and Judgment Liens Be Eliminated? Read Post »
IRSYou probably had little choice when you took out a payday loan. You have bills to pay. Your family needs to eat. You probably knew that the interest rate was very high, but again you didn’t have a lot of options. Now the amount you owe has mushroomed, maybe double or triple of what you