Tag: mortgage


22

Jun 2011

Should I Do a Short Sale After I File Bankruptcy?

In previous posts I’ve discussed the differences between a Short Sale and filing bankruptcy and if one is preferable over the other. However, many of my clients who own real estate and have gone through the bankruptcy process have a different question: Is it necessary, or should I do a short sale after I file Chapter 7 bankruptcy or surrendered my property through a Chapter 13...

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14

Jun 2011

Can My Mortgage Company Sue Me After Foreclosure?

Your mortgage company can collect on a debt you owe it after it sues you in a foreclosure action in Florida. Florida is what is called a “recourse” state.  This means that after your mortgage company successfully sues you in a foreclosure action and receives a final judgment, if there is not enough money from the sale of the property to satisfy that judgment, you...

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26

Oct 2010

Filing Chapter 13 Bankruptcy- #1 Reason

We’ve reached the #1 reason for people filing Chapter 13 Bankruptcy in Orlando.  Filing Chapter 13 bankruptcy offers you the ability to stop a home foreclosure and repay any amount you fell behind on the mortgage over a 5 year payment plan by making payments to a Chapter 13 Trustee. This is the #1 reason people file Chapter 13 bankruptcy in Orlando. While this has...

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03

Oct 2010

Should I Do a Short Sale If I’m Going to File Bankruptcy?

If you own a home in Florida, chances are its value has severely decreased over the last couple of years.  I know mine has!  As an Orlando bankruptcy attorney, many of my Orlando bankruptcy clients who own a home ask me about doing a short sale as a way to eliminate their liability for the debt on their home. Is a Short Sale a Good...

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28

Sep 2010

Your Former Marital Home, Divorce and Bankruptcy

One of the main issues people face when going through a divorce is which spouse will keep the marital home and therefore be responsible for the mortgage debt on the home.  Many times, as an Orlando bankruptcy attorney, I advise clients on the ramifications of this decision as it relates to a possible bankruptcy filing by one or both spouses. This can be a confusing...

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