News Topic: foreclosure

One of Benjamin Franklin’s most famous quotes is:  “Certainty? In this world nothing is certain but death and taxes.” ... Read full article

In re Wigginton, 5th Circuit 2012  This last week I had a couple come in, that had paid $5000 to some “group” that they found on the internet, to help them fight with their mortgage company. They had the “group” whoever that is, prepare a lawsuit or ... Read full article

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There is lots of talk about expiring tax cuts; Bush tax cuts, payroll tax cuts but there is an expiring tax provision no one seems to be talking about, the tax provision that exempts unpaid mortgage arrears on primary residences that are subject to ... Read full article

In re Armistead Local Bankruptcy Court Mortgage Form Must Be Used  An opinion by U.S. Bankruptcy Judge Marvin Isgur from the Southern District of Texas, Houston Division bankruptcy court, indicates that mortgage companies and banks must follow our local ... Read full article

In my Bankruptcy practice, I see people every day in the midst of a homeowner’s dilemma.  Try to save the house, walk away, file bankruptcy, do a modification, or what?  Most often, I spend time with them simply dispelling myths! Here are seven of my ... Read full article

For too many Americans, the word “foreclosure”  or ” surviving forclosure” symbolizes a feeling of powerlessness that has defined the nation’s economic climate for the past several years. If you are looking at your financial situation and fear that a ... Read full article

Mortgage ... Read full article

OK, here’s the deal with bankruptcy and foreclosure. Despite what you may have heard, filing for bankruptcy does not necessarily permanently stop a lender from foreclosing on your home. Filing for bankruptcy will always temporarily stop the bank ... Read full article

In December, 2007, Congress passed the "Mortgage Forgiveness Debt Relief Act of 2007" to alleviate tax consequence for some homeowners in foreclosure. The new Act excludes from gross income certain cancelled discharged "qualified principal ... Read full article

There are two typical types of financial setbacks that lead to bankruptcy for most people: a huge surprise, and a slow and steady increase in debt.  If you are on the surprise side of things, as many of us are from time to time, it is important to follow ... Read full article

Will the government be able to provide you with mortgage relief? Maybe, but maybe not. Waiting for your mortgage lender or a government program to fix your defaulted mortgage problem or return your equity that was lost by the declining housing market? Will ... Read full article

Texas law allows lenders to pursue deficiency judgments after foreclosure A deficiency judgment arises when the proceeds from a foreclosure sale fail to satisfy the outstanding mortgage balance, and a lender wins a lawsuit seeking payment of the ... Read full article

With apologies to Paul Simon: ... Read full article

Will the government be able to provide you with mortgage relief? Maybe, but maybe not. Waiting for your mortgage lender or a government program to fix your defaulted mortgage problem or return your equity that was lost by the declining housing market? Will ... Read full article

Texas law allows lenders to pursue deficiency judgments after foreclosure A deficiency judgment arises when the proceeds from a foreclosure sale fail to satisfy the outstanding mortgage balance, and a lender wins a lawsuit seeking payment of the ... Read full article