Using the Automatic Stay Too Often

Filing bankruptcy to save your home from foreclosure is an option that is a useful and powerful feature of the automatic stay, particularly in Chapter 13. A mistake I see is repeatedly filing bankruptcies to stop foreclosure. The bankruptcy code … Continue reading

What Happens If I Stop Paying on My Second Mortgage?

What Happens If I Stop Paying on My Second Mortgage?

Posted by on Aug 12, 2013 in Chapter 13, Foreclosure | No Comments

Two questions clients commonly ask me are: – What happens if I stop paying on my second mortgage? – What happens if I stop paying my mortgage (first and second?)   If you are delinquent on your first mortgage, soon or later, … Continue reading

What happens when you stop paying your mortgage?

What happens when you stop paying your mortgage?

By: Jeena Cho A very common situation I come across is where the client is struggling to make all of her payments, including mortgage, car, credit card, and living expenses. So, a question that comes up frequently is what happens … Continue reading