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What is Foreclosure?
What is Foreclosure?

“What is foreclosure ?” is a question a lot of people have, especially if they’re a new homeowner or have never heard of foreclosure before. When a homeowner fails to pay their mortgage, the negative effect is foreclosure. When a renter fails to pay their rent or lease, ...

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Recent Posts
  • What is Foreclosure?

    “What is foreclosure ?” is a question a lot of people have, especially if they’re a new homeowner or have never heard of foreclosure before. When a homeowner fails to pay their mortgage, the negative ...

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  • How to Improve Your Credit Score

    There are many ways someone’s credit can end up in rough shape. While the main reason is spending habits , that’s not always the case. If you lose your job, or if you’re injured in an accident, or if ...

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  • When Chapter 13 is Better Than a Chapter 7

    A lot of people believe that between a Chapter 7 and a Chapter 13 bankruptcy, Chapter 7 is better of the two. They feel this way because with Chapter 7, often a debtor can wipe out or erase all of ...

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  • Chapter 7 No-Asset Bankruptcies

    Chapter 7 bankruptcy is commonly known as the “liquidation bankruptcy” because a bankruptcy trustee can sell (liquidate) some of a debtor’s property to pay creditors. This may occur when the debtor ...

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  • Should I Avoid Credit After Bankruptcy?

    For a lot of debtors, the hardest part of filing for bankruptcy is arriving at the decision to do so. When the debtor realizes that it’s going to be too difficult, if not impossible to catch up with ...

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  • Priority vs. Nonpriority Debts in Bankruptcy

    If you decide to file Chapter 7 or Chapter 13 bankruptcy, some of your debts will be classified as “priority debts” while others will be classified as “nonpriority debts.” Which group a debt is ...

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