Today’s post will discuss what can be done about judgment liens. As a Colorado Springs Bankruptcy Attorney, it’s not unusual for me to meet with people who have had judgments entered against them. Often these judgments have become liens on their real estate here in Colorado Springs. The effect of the lien is to give […]
It’s F’s turn, so I’ll be discussing the real “F” word: “Foreclosure”. It’s not unusual for me, as a Colorado Springs Bankruptcy Attorney, to get a call from a person who has received a Notice that their house is being foreclosed. They want to know what to do. Here’s what I tell them: You can: Try […]
Our next letter is “E” — for Emergency Filing. From time to time, as a Colorado Springs Bankruptcy Attorney, I’ll get a call from a desperate potential client whose house is about to be sold at a foreclosure sale, or whose car is about to be repossessed. The only way to stop the foreclosure, or […]
If you’re thinking of selling your home for one of the following reasons, you should really think twice: 1) your payments are too high, 2) there is a tax lien on it, or 3) your loan modification was turned down. In my last post I gave you three reasons to get advice from a competent […]
The SINGLE best reason for people in Southern Colorado to get advice from a Colorado Springs bankruptcy lawyer before selling their home is to save money, possibly a great deal of money. I’ll tell you ten ways to do so—three today and then the rest in my next couple of posts. 1. Avoiding judgment liens: […]
Both Chapter 7 and Chapter 13 stop a foreclosure of your home. One or the other COULD be better for you. Which one is it? Many considerations come into play when deciding whether a Chapter 7 or 13 bankruptcy will be the better path for you. If we focus only on the factors involved in […]
Does the recent increase in foreclosures signal the long-anticipated surge in defaults of adjustable-rate mortgages that were scheduled to reset their interest rates right about now? That’s a question that came to mind when I noticed the recent uptick in new home foreclosures. Option ARMs gave borrowers a choice of paying principal and interest, interest-only, […]
In August, mortgage lenders started so many home foreclosures that the month-to-month increase was the biggest since August of 2007. For nearly a year the number of foreclosures has been relatively low as lenders have reacted to an explosion of challenges to the legality of their mortgage and foreclosure practices. But this new surge in […]
According to the S&P/Case-Shiller Home Price Indices, home prices are going up all over the country. Do these increases signal that we’ve reached bottom and are heading into a period of sustained price increases? In my last blog I said that S&P/Case-Shiller 20-metro composite index had risen for the last three reported months in a […]
Home prices are edging up. At least according to the latest monthly S&P/Case-Shiller Home Price Index released in late August. It shows that home prices went up in every single one of the 20 metropolitan areas included in this index. I’ll look more closely at these price increases and tell you about them in my […]
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