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If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. Bankruptcy filings were a rather low occurrence during the COVID-19 pandemic, but now they are on the rise. In December of 2023, there was a twenty-seven percent increase in chapter 13 bankruptcy … Continued

Foreclosure and preforeclosure are two terms that are commonly used in the real estate industry. While these terms may sound similar, they have very different meanings and implications for both homeowners and potential buyers. What is Foreclosure? Foreclosure is the legal process that happens when a homeowner is unable to make their mortgage payments and … Continued

Foreclosure can be a slow and intimidating process, but fortunately there is plenty of opportunity to steer the foreclosure in a direction that salvages your future. Sadly, foreclosure is entirely avoidable, yet many people often damage years of their lives because they simply weren’t fully informed of the consequences and took no action to prevent … Continued