Remove real-estate mortgages home-equity-loans
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What Happens to Investment Real Estate in Bankruptcy?

Sawin & Shea

Many people considering this option wonder what will happen to their investment real estate if they file. Your investment real estate’s outcome depends entirely on whether you file for Chapter 7 or Chapter 13 bankruptcy. Investment Real Estate in Chapter 7 Bankruptcy.

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What Assets Do You Lose in Chapter 7?

Sawin & Shea

Mortgages and car loans are both considered secured debts because they both have backing collateral. Although you can’t eliminate your mortgage or car loan in Chapter 7 bankruptcy and hold onto the collateral, you can reaffirm these debts. This trustee will be in charge of your bankruptcy estate.

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How Often Can You Safely Refinance Your Home Mortgage?

Credit Corp

If you’re a new homeowner and not a finance professional, you may be new to refinancing a mortgage. In layman’s terms, refinancing is taking out a new mortgage to replace your old one. Here’s what to know about how often you can refinance your home mortgage. There are several reasons why you might refinance your home.

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30 Yr VS 15 Yr Mortgage Comparison: Which is Better?

Better Credit Blog

When it comes to the length of your mortgage, there is a fair amount of flexibility regarding term lengths, depending on which company you go with. But which mortgage term is the right one for you and your household? Talk to a mortgage expert today! The Case For The 30-Year Mortgage. The Case Against The 30-Year Mortgage.

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Fourth Circuit Holds Merely Sending Notice of Rescission Under TILA Does Not Effect Rescission — the Borrower Must Tender

Troutman Sanders

In a July 15 published decision, the Fourth Circuit reversed a West Virginia District Court’s ruling against a mortgage servicer in a purported class action, holding that merely sending a notice of rescission under the Truth in Lending Act (TILA), 15 U.S.C. Reverse Mortgage Solutions, Inc., Reverse Mortgage Solutions, Inc.,

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FHA extends mortgage forbearance options

Collection Industry News

Borrowers struggling to make their FHA mortgage payments now have more time to file for forbearance. Department of Housing and Urban Development , you can now file for forbearance – essentially a temporary pause of mortgage payments – on FHA loans from now until the end of the COVID-19 National Emergency. Source: site.

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Florida mortgage delinquency, foreclosure rates slightly worse than national average

Collection Industry News

In the first quarter of 2022, Florida ranked almost exactly in the middle of the pack in three key categories of the national homeowner economy: delinquent mortgages, total non-current mortgages, and foreclosure rates, according to a report issued by Jacksonville-based Black Knight Data & Analytics, Inc.,