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 sale of your home. How much time …
The housing market often reflects the health of the broader economy. While overall foreclosure rates have trended downward in recent years, one surprising segment has bucked that trend: luxury homes. Properties worth one million dollars or more are experiencing rising foreclosure rates, and this shift is reshaping conversations about wealth, mortgages, and financial stability. Understanding …
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 …