November 4, 2018
When you file for bankruptcy protection, you, as the Debtor, are required to list every debt you owe. That’s right, EVERY debt. Even if you want to keep paying the debt, the bankruptcy trustee, and the Bankruptcy Court, need to know which companies you owe.
November 5, 2017
Water Bills Soaking You? We Can Help! Over the years of talking to homeowners from all over the area, it was amazing to see the difference in prices people pay for water! Some people’s bills are $20-30 per month and others are close to $100/month.
January 30, 2017
The clumsy program, the Home Affordable Modification Program, created in 2009 by the Obama administration, known as HAMP, is now over, as is that administration. Back in 2009, the government, in a nod to help ease the struggling homeowners, created this program to try to
April 9, 2015
Back in 2008-9, when the foreclosure crisis started, foreclosures soared. People lost their houses after losing jobs and not being able to afford their mortgage payments. People then, forced to file for bankruptcy protection, asked me: will I be able to buy a house again?
March 23, 2015
If your mortgage has been in foreclosure recently, no doubt you have heard of programs such as MHA (Making Home Affordable), HAMP, HARP, (Home Affordable Modification or Refinance Programs) and others in the alphabet soup of programs that the Federal government created in response to
January 19, 2015
In the last few years, as the volume of foreclosures has slowed in Illinois, the foreclosure courts have been processing the cases faster. Foreclosure cases that used to take one to two years have been speeding through the court at a more regular speed of
December 7, 2014
In 2013, the U.S. Congress extended the tax break for people who sold their houses at short sales, or gave up their houses, and were forgiven the balance of the loan. But, so far, in 2014, they let that tax relief expire. See my blog
October 20, 2014
Back in 2009, the US Government announced the HAMP Program, Home Affordable Modification Program. The first group of homeowners started getting modifications, and many of those loan modifications had an “interest only” time period, usually 5 years. Now, the 5 years is coming up, and
March 23, 2014
When people need to reorganize and repay their debts, they turn to Chapter 13. Chapter 13 Bankruptcy allows people to catch up on house or car payments, and is a consolidation of all personal debts. Sometimes, people have so much debt that they can’t qualify
February 22, 2014
During the last few years of the “housing crisis”, I’ve seen many people whose houses are in foreclosure. They want to save their house. They get the “court papers”- the Complaint for Foreclosure. So they go to court and try to figure out what to