Mortgage Debt | Debt Advisors Blogs & Articles

Category: Mortgage Debt

Mortgages or mortgage loans are a larger type of installment credit also referred to as “home loan” or “house note.” Your home is part of your security and safety. Especially if you have a family, it’s a scary situation to get behind on the mortgage and risk losing your home. These blogs & articles are provided by an expert team at a reputable law office. Topics deal with such things as filing bankruptcy or mortgage modification to save your home from foreclosure. We want you to know that we understand the fear and uncertainty that hard times can present. We also understand the importance of protecting your property assets, especially your family home. Wisconsin has some excellent bankruptcy benefits and protections, including the homestead exemption. Learn more about how to protect such a valuable asset.

Generations of Debt

Which Generation Is More In Debt? The number of older Americans filing bankruptcy is growing and Gen X is no exception. Gen X represents one of the most vulnerable generations of debt and could be facing more financial trouble than Boomers, Millennials or Gen Z. Although they have displayed many strengths and have overcome major…

Timing of Bankruptcy Saves Home & Car

Timing of Filing Bankruptcy Matters When you file bankruptcy matters to the outcome of your case. Determining the best time to file bankruptcy is a big decision. One of the benefits of hiring a bankruptcy attorney, is that the bankruptcy attorneys can guide you towards the timing which will have the best outcome. Don’t let…

Before It’s Too Late; Ask About Mortgage Modification

Can’t Keep Up With House Payments? Unexpected things happen in life that impact your finances in a negative way. When the situation doesn’t improve quickly, it becomes difficult to keep up with payments on a house. Defaulting on mortgage payments is a step closer to losing your home. Foreclosure is designed to force the…

I Can’t Pay My Mortgage; What Now?

Can’t pay your mortgage? Wondering, “what now?” The good news is that there is a way to save your home and help get you out of debt, but timing is everything. Defaulting on Mortgage Home Loan When a mortgage loan is established, it basically means that the buyer agrees to pay back the lender within…

Correlation between Home Sales, Home Foreclosures, and Chapter 13 Bankruptcy

In February, The National Association of Realtors posted a report stating that the home sales index rose 3.5 percent, the highest level since July of 2015. Although Midwestern states such as Wisconsin are in the middle of winter, sales surged ahead of the traditional Spring buying season. Rising home costs, fewer homes for sale, and…

Could Federal Interest Rate Hike Cause more Foreclosures?

Although nobody knew exactly when it was going to happen, the Federal rate increase last month had been predicted by financial markets for some time now. It’s the first increase since 2006, and the first time the Feds have implemented any rate hike since the most recent recession. (Federal Reserve interest rates went from a…

Wisconsin Bankruptcy Attorney can Prevent Foreclosure

So you’ve missed your first mortgage payment, your first grace period has expired, and you’re not sure what happens next. The process a lender has to follow when foreclosing on your home differs by state. In Wisconsin, a lender must file and personally serve a lawsuit against you. But, in a nutshell, the series of…

Reduction in Wisconsin Foreclosure Filings, Not a Trend

On behalf of Debt Advisors, S.C. 22 December 2010 In Wisconsin, foreclosure filings fell in November to their lowest total in two years. With unemployment rates rising, this was a curious development. Analysts were quick to point out that this apparent good news masked the real reason for the decline. For the past few months, there have…

Foreclosure Rates for Most Expensive Homes on the Rise

Foreclosure Rates for Most Expensive Homes on the Rise On behalf of Debt Advisors, S.C. It seems as though no home value is safe in the current market, and the current crisis is affecting people from all degrees of wealth. While it may be easy to assume that the most expensive homes were the first…

Mortgage Delinquencies Up, Wisconsin Homeowners Have Options

Mortgage Delinquencies Up, Wisconsin Homeowners Have Options On behalf of Debt Advisors, S.C. Even though the Great Recession officially ended in 2009, it’s abundantly clear that millions of Americans are still hurting. Indeed, new data shows that the rate of late mortgage payments increased last quarter for the first time since the end of 2009.…