Do you have a 2nd or 3rd mortgage, owe property taxes, or have an income tax lien on your home? Chapter 13 may be much better than Chapter 7. The last two blog posts were about situations in which a homeowner is current on the mortgage but has other debts on the home. We showed how Chapter 7 “straight … Read More
Getting Current on Property Taxes on Other Than Your Home
If behind on property taxes on property that isn’t your home, either Chapter 7 or Chapter 13 may buy you the time to save this property.
Getting Current on Property Taxes on Your Mortgaged Home
If behind on property taxes on property with a mortgage, that likely puts you in default on the mortgage itself. Chapter 13 can fix this.
Catch Up on Home Property Taxes through Chapter 13
If you are behind on property taxes on your home, Chapter 7 often doesn’t give you enough time to catch up. But Chapter 13 likely would.
Clearing Up Unpaid Home Property Taxes
Catching up on property taxes benefits both you and your mortgage lender. Chapter 13 helps you pull this off under much less pressure.
A Fresh Start on Unpaid Property Taxes
Having unpaid property taxes is dangerous, and violates the contract with your mortgage lender. Bankruptcy addresses both issues. Is Chapter 7 “Straight Bankruptcy” Enough Help? It possibly can give you enough of a fresh start with your other debts so that you can catch up on your property taxes. But doing so while keeping your mortgage lender also satisfied is difficult to pull … Read More
A Fresh Start through a Forbearance Agreement
Whether you’re about to fall behind on your mortgage or have already done so, a forbearance agreement avoids foreclosure while you catch up.
Giving Final Thanks for Chapter 13 “Adjustment of Debts”
Chapter 13 helps if you owe divorce debts, have personal property collateral, are behind on property taxes, or owe old and new income taxes.
Chapter 7 vs. Chapter 13–Property Tax Debt
Bankruptcy helps with your property taxes either by writing off your other debts or by buying you more time to catch up.
Avoid Selling Your Home for Being Behind on Property Taxes
Falling behind on property taxes can have serious consequences, but does not necessarily mean you should hurry to sell your home.
Protect Your Home with Chapter 7 or 13
Although either kind of bankruptcy will stop an approaching foreclosure, which one should you choose?
5 More Powerful Ways Chapter 13 Saves Your Home
Here are 5 additional tools that come with Chapter 13, each one neatly solving a different challenge to your home.
How Bankruptcy Handles Back Property Taxes on Your Home
Being behind on property taxes is usually a breach of your mortgage. Chapter 13 protects you from your mortgage lender so you can catch up.
Special Home-Saving Tools in Bankruptcy – Part 1 – property tax and income tax liens
Save your home by catching up on real property taxes and securing the release of recorded income tax liens.
Practical Bankruptcy: Stopping Your Home’s Foreclosure to Keep it, or Sell it later, through Chapter 13
When it’s smart to file a 3-to-5-year Chapter 13 case to prevent a home foreclosure and be able to keep it permanently, or to sell it later.