Homeownership is a fundamental element of the American dream, representing stability, security, and a place to call one's own. However, for many Texans, the threat of foreclosure and bankruptcy looms large, especially in challenging economic times. Fortunately, the Lone Star State offers a range of homeowner assistance programs designed to provide relief and prevent the [...]
The dream of homeownership is a cornerstone of the American experience. It represents stability, security, and a place to call one's own. However, this dream can quickly turn into a nightmare when unforeseen financial hardships strike, putting homeowners at risk of foreclosure. The COVID-19 pandemic, in particular, exposed millions of homeowners to such risks. In [...]
When debtors cannot qualify to file a chapter 7 bankruptcy under federal law, the alternative is chapter 13, a procedure that achieves the elimination of debt through a multi-year repayment plan. Debtors can retain significant assets including home and vehicles under a chapter 13 bankruptcy. A married couple may file jointly or as individuals. Unlike [...]
Foreclosure is a very real fear for a large cross-section of America. A Forbes survey conducted last year before the pandemic struck reported that around 78% of the workforce lives paycheck to paycheck. That number has probably increased if anything. Balancing a mortgage and the rest of your finances can be tricky, because if you [...]
For homeowners paying off a mortgage, an unexpected job loss, illness or injury resulting in a significant reduction of monthly income can result in the possibility that the home may be lost. Falling behind on home payments can quickly lead to initiation of a foreclosure process. Depending on state law and the method used to [...]
The COVID-19 crisis has affected Americans in many different ways. Some have lost family members, some have lost their jobs for the unforeseeable future, some have lost their sense of independence, and some may soon lose their housing. Like most things, it is hard to predict the exact path the real estate market will take [...]
If you’re facing foreclosure, chances are, stress is probably your constant companion. Most likely you alternate between feelings of extreme anger and complete helplessness. Did you know your child is feeling the same way? He will most certainly be affected by foreclosure in a variety of ways, none of which will be positive if you [...]
Bad things can happen to just about anyone. A medical emergency, a natural disaster, a house fire, almost anything can make paying your mortgage seem impossible. Before you know it, you have your mortgage company calling your home at all hours of the day and night, demanding immediate payment and threatening to foreclose upon your [...]