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  • Will My Mortgage Servicer Continue to Automatically Take My Mortgage Payment From My Account After I File Bankruptcy?
    Will My Mortgage Servicer Continue to Automatically Take My Mortgage Payment From My Account After I File Bankruptcy?

    Many homeowners have a system with their lender where the lender automatically pulls the mortgage payment from the homeowner’s bank account. However, when a bankruptcy is filed, the automatic stay of ...

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  • What Happens When I Let My House Go as Part of a Bankruptcy? Do I Owe Anything Else?
    What Happens When I Let My House Go as Part of a Bankruptcy? Do I Owe Anything Else?

    When a debtor decides to surrender a house in bankruptcy, there are many considerations. First, it is important to know that there is no mechanism to actually turn over title and possession to the ...

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  • California Housing Recovery Impact on Bankruptcy Lien Stripping
    California Housing Recovery Impact on Bankruptcy Lien Stripping

    California is apparently beginning to recover from the housing slump. While that is a good thing overall, it may mean that debtors wishing to strip unsecured junior liens have a limited window in ...

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  • If House Prices Rise, Your Chance to Get Rid of Second Mortgage May be Gone
    If House Prices Rise, Your Chance to Get Rid of Second Mortgage May be Gone

    Apparently, housing prices are starting to creep back up again after about five years of significant downward pressure. And when I say significant, a lot of houses in the central valley of California ...

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  • $25 Billion Settlement Likely to Spur Foreclosures
    $25 Billion Settlement Likely to Spur Foreclosures

    Attorneys general in all 50 states negotiated a deal with lenders to resolve foreclosure abuse. Now that the settlement is done, foreclosures will likely pick up steam. Borrowers who have been sitting ...

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  • A Bankruptcy Doesn’t Get Rid of Your House
    A Bankruptcy Doesn’t Get Rid of Your House

    I frequently talk with people who think that by filing a bankruptcy, they can rid themselves of a house they don’t want anymore. Unfortunately, this is not the case. In the modern housing crisis, ...

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