Blog Posts in August, 2013

New Wave of Foreclosures Coming in 2010

As 2010 began, there were some signs of stabilization in the housing market according to the CEO of Freddie Mac, Charles Haldeman, Jr. Federal tax credits, low prices and low mortgage rates were all expected to fuel the recovery. Still, Haldeman cautioned at the time, the recovery was fragile and there was the potential for a large wave of foreclosures. Unfortunately, Haldeman appeared to be ...

Discharging Second Mortgages in Bankruptcy

Homeowners who are behind on their payments and facing the threat of foreclosure need to take a hard look at all of their options. In the case of second mortgages, cashed-strapped homeowners who've seen the equity in their homes fall may want to consider seeking to discharge the second mortgage in bankruptcy. At one time, it appeared that the federal loan modification program would be a viable ...