Category: Foreclosure & Real Estate
Can I Sell My House During My Bankruptcy?
The Short Answer Yes, you can usually sell your house while you are in bankruptcy. But you cannot do it on your own. In most cases, the bankruptcy court has to approve the sale first. The rules are a little different depending on whether you filed Chapter 7 or Chapter 13. How much equity you … Read more
How Long Do I Have to Wait to Buy a House After Bankruptcy?
If you filed for bankruptcy, you may be wondering if you can ever own a home again. Maybe you already own one. Maybe you dream of buying your first house. Either way, a bankruptcy can make the future feel uncertain. Here is the good news. Bankruptcy is not the end of the road. Many people … Read more
Understanding the Timeline of a Foreclosure in North Carolina
If you have missed a mortgage payment or two, you may be lying awake at night worried about losing your home. That fear is real, and you are not alone. Many good people fall behind on their mortgage after a job loss, an illness, or another setback. The good news is that foreclosure does not … Read more
What Is An Upset Bid Period?
An upset bid period is a time period that exists after a foreclosure sale. In North Carolina, after the sale of a property in a foreclosure there are ten (10) days for another party to offer a higher bid on the property or for the owner of the property to file a bankruptcy to stop the foreclosure.
What is a Reverse Mortgage?
A reverse mortgage is a loan borrowed against the equity in your home. You must be at least 62 years old to qualify for a reverse mortgage, so it is often used by people of retirement age to supplement Social Security or other retirement income.
How Do I Get the Tax Value Changed On My House?
When you file for bankruptcy in North Carolina, someone will ask you a simple-sounding question: "What is your house worth?" Many people start with the tax value of their home. But what if that number feels wrong? Maybe it seems too high. Maybe it seems too low. Either way, the value of your home matters … Read more
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