Bankruptcy
Foreclosure Properties: Bill to Have Centralized Data
Thursday, May 7th, 2009An up-to-date centralized reporting mechanism on foreclosure properties and loan modifications across the U.S. will be created if a proposal to require the mortgage industry to make updated foreclosure reports is enacted.
The proposal to track foreclosed homes reliably is included in the House bankruptcy bill which is set to be discussed in the Senate.
A recent [...]
Bankruptcy or Foreclosure: Which is Better?
Tuesday, June 10th, 2008There has been an ongoing debate for many experts about choosing which is a better option, bankruptcy or foreclosure? Actually the answer is NEITHER.
Is Bankruptcy a Way Out of Foreclosure?
Wednesday, March 12th, 2008For owners, searching for an effective way to stop foreclosure can be quite frustrating. Just like anyone, losing a home can be quite traumatic but sometimes you must really accept your present situation.
Filing for bankruptcy has always been considered as a last resort. This means you must have exhausted all the other options that could [...]
Proposed Bankruptcy Reform Drawing Criticism, But Bankruptcies Leading to Savings for Real Estate Investors
Thursday, March 6th, 2008There has been much controversy lately over a new bill being pushed through the federal legislature that would move to reform bankruptcy laws as part of a plan to fight rising foreclosures in the United States.
The Foreclosure Prevention Act of 2008 is built in large part around a measure that seeks to stem foreclosures by [...]
Republicans Could Block New Foreclosure and Bankruptcy Relief Bill in Senate
Monday, March 3rd, 2008As a new foreclosure bill aimed at forgiving some mortgage debts in order to alleviate the rising surge in foreclosures nation wife hits the Senate this week, many believe that the republican representatives will attempt to block it. This comes on the heels of recent statements coming out of the White House hinting at the [...]