July 11, 2010
After surviving the difficult process of a foreclosure, a former homeowner may still face an additional obligation to their mortgage lender. Unmanageable by most, there is a way to clear this sizeable debt by filing bankruptcy.
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July 9, 2010
If you find yourself facing a foreclosure on your home, you probably have a lot of questions about what to do next. For instance, will it help or hurt your overall cause to declare bankruptcy as well? In just about any case, the first thing you will want to do is to get some legal help – in the form of either a bankruptcy attorney or one who specializes in real estate law. Among other things, an attorney can help determine whether you are susceptible to a deficiency judgment, wherein you the borrower might find that you are on the hook for any money that is required to pay the mortgage note in full, plus outstanding late charges and foreclosure fees, after the foreclosure sale.
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