Foreclosure

Mortgage Company Regulation Bill Working its way through Congress

June 23, 2010

The Wall Street Journal recently reported on a mortgage company regulation bill that is working its way through Congress (Click here to read the article).  The Journal reports that mortgage companies are lobbying Congress to “soften a series of provisions that reshape how most Americans obtain home loans.” The bill proposes: 1.  To require lenders [...]

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Consumer Bankruptcy News Reports on Foreclosure Crisis

May 19, 2010

The foreclosure crisis was supposed to end with help from the federal government. Consumer Bankruptcy News reports in the May 6, 2010 issue that the response of the federal government to the mortgage crisis is too slow.  The article reports that is has “been more than one year since President Obama announced the establishment of [...]

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Foreclosure On the Rise in the Rome, GA Area

May 13, 2010

I have recently noticed a significant increase in the foreclosure of homes in the Rome, GA area.  Mortgage companies seem to have gotten more aggressive about starting the foreclosure process in Georgia.  While there have been many headlines in the newspapers about government action that has been taken to stem the tide of foreclosures, I [...]

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Bankruptcy – Can I Quit Chapter 13 in Georgia if I Don’t Like The Way Things Are Going?

April 22, 2010

If you are in a Chapter 13 case in the Northern District of Georgia, you can dismiss your case at any time.  Your attorney will file a document with the court called a voluntary dismissal. Personally, I think it is a terrible idea in most cases to voluntarily dismiss a Chapter 13 bankruptcy.  First, you [...]

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Can I Wipe Out My Second Mortgage in a Chapter 13 Bankruptcy?

April 17, 2010

You can eliminate a second mortgage in a Chapter 13. You need to get an appraisal on your property before you file the case. Your property must be worth less than what you owe on the first mortgage in order to eliminate the second mortgage in your chapter 13.

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Bankruptcy and the Taxation of My House by By The IRS After Foreclosure in Georgia

February 6, 2010

I recently spoke with a client in my Rome GA office who surrendered their house in Chapter 13  bankruptcy last year.  About six months into their Chapter 13 bankruptcy, they converted to a Chapter 7 bankruptcy.  This past week, they received a 1099A from their mortgage company showing that the debt was forgiven and suggested [...]

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Will Bankruptcy Stop the Foreclosure of My House in Georgia?

January 24, 2010

Call me today for your free consultation at 706-295-0030. We have office locations in Dallas, Dalton, Rome, and Cartersville Georgia.

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