Beware of scams dealing with emergency rental assistance! Scammers are coming out of the woodwork with all the various federal relief programs being implemented across the country. They are excellent at disguising their programs to look 100% legitimate. If you receive and email, text, call, or social media message from…
A paper written by David Bernstein, an economist at the U.S. Treasury, argues that credit card debt can play a part in families losing their homes and that this debt is deepening the mortgage crisis. He posted this paper as a private citizen, but utilized information from the Survey of…
It is common in a divorce proceeding that involves a marital home and/or vehicles that a property settlement agreement or final judgment obligating one spouse to pay the mortgage or vehicle note will be a part of the divorce decree. This will constitute a non-dischargeable (can’t be wiped out in…
At least twice a month I receive calls from homeowners who are in the middle of the modification process with their mortgage company and they get notice of a foreclosure. Over and over they had been told the modification was still being reviewed. In some cases they were told they’d…
You’re trying to work through the process of getting a modification of your home loan and you can’t seem to ever get the same person on the phone. When you talk to one person, they give you different answers, pass you around, or claim the information you provided was to another…
Mississippi is leading when it comes to mortgage delinquencies. In October 2011, there were more homeowners in Mississippi behind on house notes than in any other state of the union. The Mortgage Bankers Association reported that there are 4.2 million homeowners across the nation more than 90 days late on…
Foreclosure is the process that a mortgage company takes to repossess and sell your home when you fall behind in the payments. In Mississippi, the mortgage company does not have to file a lawsuit against you and get an Order from the Court in order to sell your home. In…
There is a provision of the bankruptcy law that allows Mississippi homeowners to eliminate second mortgages. Not widely known, this section of the bankruptcy code is becoming increasingly popular to bring the mortgage debt closer to the real value of the home. Bankruptcy law prevents a homeowner from getting rid…