When a bank is about to take your home through foreclosure, filing bankruptcy is the obvious solution in many cases. Georgia has a nonjudicial foreclosure system which makes it extremely easy for a bank to take your home in 4 weeks if you don’t do anything to stop them. What Happens During the Foreclosure Process? …
According to Experian, roughly 20% of current auto loans are considered to be subprime. These loans are geared for those with poor credit and have high interest rates. The best course of action for handling an existing auto loan as you approach bankruptcy requires that you and your attorney evaluate your specific circumstances. Assuming that you require a vehicle …
If you are considering bankruptcy, the fear of losing possessions can be enough to make it seem not worthwhile, despite the crushing debt. Most individuals who are considering bankruptcy owe far more than they can pay, with no end in sight. It can become difficult to purchase simple items like food and gas, all while …
Some debtors in need of filing bankruptcy are hesitant to do so because of one reason: they don’t want to lose their home. This can lead to serious debt issues and stress they might have been able to avoid if they had instead asked a knowledgeable bankruptcy attorney what can happen to a person’s home …
Saving Your Home and the Georgia Bankruptcy Homestead Exemption Read More »
The Wall Street Journal recently reported on a mortgage company regulation bill that is working its way through Congress (Click here to read the article). The Journal reports that mortgage companies are lobbying Congress to “soften a series of provisions that reshape how most Americans obtain home loans.” The bill proposes: 1. To require lenders …
Mortgage Company Regulation Bill Working its way through Congress Read More »