Foreclosure sale date has passed, and your house does not sell. How can that happen? Is it even possible? Not only is it possible, but it is becoming more and more common in Northeast Ohio. It is no shock that home values in this area have dropped continuously since 2008. The rest of the country…
How can you identify a foreclosure rescue scam? It’s true. You need help to save your home. Lots of people are offering to help. You see adds on TV, and you are getting letters in the mail. They all say the same thing: Do not file bankruptcy. That is the last thing you want to…
One of the first things I am asked by a chapter 7 or a chapter 13 bankruptcy client is: “How long will I be able to stay in my house during Foreclosure? Once you fall behind in payments the mere hint of the word from your Mortgage Loan Company or loan servicing company stirs the…
photo credit: Casey Serin Many clients want to know what happens in a Lorain County or a Cuyahoga County foreclosure after the sheriff sale. Is the case over? The simple answer to that is, “No.” At a minimum after the sheriff sale the plaintiff, normally the lawyer for the bank will file a confirmation of…
Chapter 13 bankruptcy is still a real and viable way to save your home. At this time the bankruptcy courts do not have the legal authority to do a loan modification for your primary residence. However that is not the case for second mortgages, third mortgages or equity lines of credit. I am not talking…
If the property you rent is in foreclosure, you now have rights! On May 20, 2009 the, “Helping Families Save Their Homes Act of 2009″ was signed into law at the federal level. This act addresses the rights of renters or tenants who lease property that is in foreclosure. Over the past few years I…