Since March 2020, millions of homeowners applied for and received forbearance on their mortgage. However, this relief has expired, along with lenders’ patience. Now, thousands of dollars that were not paid during the pandemic are now due to mortgage service providers. Home loan modification is the solution for some homeowners, but is it right for… Read More
How Chapter 7 Helps Amid Foreclosure
Filing for Chapter 7 bankruptcy with the guidance of a Dallas bankruptcy attorney can help you save money if you are losing your home through foreclosure. When you file for Chapter 7, foreclosure can be delayed for several months and an automatic stay will be ordered to keep creditors from hounding you. In effect, you… Read More
Chapter 7: Buy Some Time with Foreclosure in Texas
When you make the decision to file for Chapter 7 bankruptcy with foreclosure on the horizon, a bankruptcy court will issue an “automatic stay.” This integral part of bankruptcy cases will inform your creditors that they must immediately stop any attempts to collect debt. This will buy you some time as you decide whether to… Read More
