Foreclosure & Real Estate Archives

Foreclosure & Real Estate

What Should I Expect At My Foreclosure Hearing?

January 13, 2015

In the State of North Carolina, foreclosure hearings are held by the Clerk of Court or Assistant Clerk of Court, as judges rarely hear foreclosures. The Clerk of Court is only to hear cases involving “legal defenses.” Cases involving any other type of defense, such as defense of fraud cases, are to be handled through Superior Court. This is due to North Carolina being a “Power of Sale” state.

Bankruptcy Basics

How Can I Get Mortgage Statements Sent To Me Again After Filing Bankruptcy?

July 16, 2014

Chapter 7 Bankruptcy

Can I Sign A Reaffirmation Agreement On My Mortgage?

June 23, 2014

Bankruptcy Basics

What Is A Quitclaim Deed?

May 27, 2014

Foreclosure & Real Estate

Is It Common For a Loan Modification To Be Delayed?

May 16, 2013

When you are having trouble making your house payments, there are options that might work well for you. One of these options is a loan modification. This is when the bank changes your loan so that you have a lower, more affordable monthly payment. Many people who try to obtain a loan modification have been … Read more

Chapter 13 Bankruptcy

What is Forced Placed Insurance?

April 9, 2013

If you are behind on your house payments and are considering filing Chapter 13 bankruptcy to save your home, it is important that you find out whether you have forced placed insurance. Your bankruptcy attorney may ask you whether your homeowner’s insurance payments are usually included in your mortgage payments (in other words, whether your … Read more

Bankruptcy Basics

Can Bankruptcy Stop A Foreclosure?

March 12, 2013

The short answer to the question is yes. When a homeowner is facing foreclosure they should immediately look at their options in filing bankruptcy. Whether you are looking into options for keeping the house or surrendering it, bankruptcy could very well be the best option for you. The hardest decision for most people comes down … Read more

Bankruptcy Basics

Can I Collect Rent If I’m Surrendering Rental Property in Bankruptcy?

February 4, 2013

Rental properties can be a great source of income until a renter moves without notice or fails to pay or that rental income starts to be used for your personal household expenses. As situations arise, many people are finding it necessary to file bankruptcy and surrender the extra properties and the mortgages that come along … Read more

Bankruptcy Basics

Can I Collect Rent If I’m Surrendering Rental Properties in Bankruptcy?

September 17, 2012

Rental properties can be a great source of income until a renter moves without notice or fails to pay or that rental income starts to be used for your personal household expenses. As situations arise, many people are finding it necessary to file bankruptcy and surrender a rental property or properties they own. When you … Read more

Chapter 13 Bankruptcy

Can Bankruptcy Lower My Mortgage On A Non-Residential Piece of Property?

July 19, 2012

Yes, in some cases, you can lower your mortgage on a non-residential piece of property. In a Chapter 13 bankruptcy, clients can attempt to do what is known as a “cramdown” to lower their mortgage. A “cramdown” lowers the principal amount you owe on the mortgage, and then the bankruptcy court determines the interest rate … Read more

Category: Foreclosure & Real Estate

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