You've fallen behind on your mortgage and now your home is in foreclosure. At the sheriff's sale, the bank will try to sell the home for as much as it can get. If it sells for less than you owe, you may be liable to pay the … [Read more...] about Foreclosed Home Sold for More than Owed — Now What?
If you’re struggling to make ends meet, you may be facing tough choices. Pay the mortgage or pay the credit card bill? When making that decision, consider how each of these debts is treated in bankruptcy. In the United States, … [Read more...] about What’s more dangerous: credit card or mortgage debt?
Last updated Oct. 30, 2017. It's no secret — when you've fallen behind on a debt, the gloves come off. Creditors will go to great lengths trying to collect on past-due accounts. Collection phone calls to relatives and friends … [Read more...] about Help! Creditors are Calling My Mom!
Last updated Aug. 31, 2017. Bankruptcy is designed to help you get back on sound financial footing. That can’t happen if you still have to worry about creditors garnishing your wages or foreclosing on your home. So, bankruptcy … [Read more...] about What is the Automatic Stay? What is the Penalty for Creditors Who Violate It?
“Foreclosure” is simply a term used to describe the legal process used by your mortgage company, or any other mortgage lender (such as a bank), to take possession of your home. A foreclosure is really just a lawsuit in which the … [Read more...] about Ohio Foreclosure Laws: What You Need to Know
Last updated July 28, 2017. Yes, filing for bankruptcy will stop foreclosure in Ohio, or any other state for that matter, at least on a temporary basis. The minute a bankruptcy case is filed, an injunction known as the automatic … [Read more...] about Will Filing for Bankruptcy Stop Foreclosure in Ohio?