New guidelines by the Federal Housing Finance Agency will expedite short sales and help some homeowners and banks avoid foreclosure. According to the FHFA, the guidelines: Reduce the amount of documentation required to expedite a short sale for borrowers in serious...
Month: August 2012
“Should I file bankruptcy?”
This is a question that many people in debt mull over daily. How much debt is "too much?" Is bankruptcy "giving up" or "starting over?"The truth is that debt does not get better on its own and some "solutions" offered by debt relief companies will only extend the...
What not to do before your Texas bankruptcy
When you face overwhelming debt, the last thing you want to think about is what not to do with that debt. Instead, you want to focus on a better future, a future after bankruptcy.For a bankruptcy to be successful, however, there are some things you should avoid doing...
How much money will you pay in a Chapter 13 bankruptcy?
During your Chapter 13 bankruptcy, you will submit a payment plan to the court that determines how much money you will pay to creditors each month. This plan will last from three to five years, after which the court will discharge most of your debts.One question that...
