Ways to Pay Mortgage Forbearance Payments

Wasson and ThornhillHome Mortgages

home

Photo by Phil Hearing on Unsplash The CARES Act allows up to 12 months of forbearance on federal backed mortgage payments. When and how must you pay those missed payments?   Last week we presented the new law allowing forbearance—skipping payments—on federally backed mortgages during the pandemic. Basically, if the pandemic has hurt you financially you can request and receive … Read More

New Mortgage Forbearance Law

Wasson and ThornhillHome Mortgages

home

April’s one-month increase in delinquent home mortgages was the largest in U.S. history. The new mortgage forbearance law is a major reason.

More Resolving Mortgage Accounting Disputes

Wasson and ThornhillHome Mortgages

Chapter 13 gives you a good way to resolve accounting disputes about a lender’s additional fees and charges, and whether you’ve cured the default.   Last week we described a Chapter 13 procedure to force mortgage lenders to resolve mortgage accounting disputes. This procedure focuses on changes to the monthly mortgage payment amount during the case. These are often just … Read More

List of How Bankruptcy Benefits Your Home

Wasson and ThornhillHome Mortgages

If you’re having trouble making your mortgage payments, or other home-related debts, here’s a list of the many ways how bankruptcy can help.   Here’s the List We’ve got a list of 15 separate ways that bankruptcy can either save your home now or protect it in the near future. Here are the first 7—the other 8 we’ll give you … Read More

Chapter 7 Buys You Crucial Time to Move before Foreclosure

Wasson and ThornhillForeclosure

Every month you can put off foreclosure buys you crucial time to get money together to make your move to your next housing.     Last week we went through a list of ways Chapter 7 buys you time when dealing with a home foreclosure. Included was that filing a Chapter 7 case “can give you time to surrender your … Read More

A List of Ways Chapter 7 Buys Time for Your Vehicle or Home

Wasson and ThornhillChapter 7

If you get behind on payments on your vehicle or home, in many different situations Chapter 7 buys you the time you need.   In the last several weeks of blog posts we’ve given many examples of how bankruptcy can buy you time for your vehicle and for your home. Here’s a summary how a Chapter 7 “straight bankruptcy” filed … Read More

Getting Current on Home Property Taxes through Bankruptcy

Wasson and ThornhillTax Debts

Falling being on home property taxes creates problem with your tax collector but much more urgently with your mortgage lender.   Why Your Mortgage Lender Gets Upset With virtually all mortgage contracts, falling behind on your home property taxes puts you in default on the mortgage itself. That means that even if you are current on the mortgage payments your … Read More