The housing market is closely tied to the financial health of families. When home sales rise, it often signals economic strength. When sales slow or foreclosures climb, many households feel the strain. For homeowners facing missed mortgage payments, the threat of foreclosure can be overwhelming. Understanding how Chapter 13 bankruptcy works and how it connects …
For most Wisconsin families, paying off a mortgage or completing a bankruptcy plan should close a difficult chapter for good. But in recent years, many homeowners have discovered an unsettling problem: wrongful foreclosures and so-called “zombie mortgages.” These issues often arise because of errors in mortgage servicing, sloppy paperwork, or outdated lender records. The results …
The housing market in Wisconsin has always reflected broader national trends, but in recent years, mortgage delinquency rates have shown signs of concern. When a homeowner falls behind on mortgage payments, it does not immediately mean foreclosure, but it can signal financial stress that may lead to serious consequences if ignored. Understanding why delinquencies rise, …
Keeping a home during bankruptcy can feel overwhelming, especially when mortgage payments are unaffordable. In Wisconsin, the Mortgage Modification Mediation Program (MMMP) offers Chapter 13 debtors a court-supervised option to restructure their mortgage and potentially avoid foreclosure. This program runs through the U.S. Bankruptcy Court for the Eastern District of Wisconsin, provides an alternative to …
Most people never imagine they will face the question of bankruptcy. Yet in Wisconsin, financial stress from medical bills, credit cards, or job changes can make repayment feel impossible. Bankruptcy is one legal tool designed to help individuals and families regain stability, but it is not the only option. This guide explains what bankruptcy can …