Archive for the ‘Foreclosure’ Category

April 6th, 2013

Zombie Foreclosures: When Banks Refuse to Foreclose

An Arizona bankruptcy lawyer or an Arizona real estate lawyer will advise that a lender cannot be compelled to foreclose and take title to property. As such, these delayed foreclosures are causing uncertainty and potential liability to the debtor.

August 11th, 2012

Using Chapter 13 to Come Current With Mortgage Payments

Unlike a Chapter 7, a Chapter 13 provides the mechanism for a debtor to come current with overdue mortgage payments. But beware! If you lack regular monthly income and you refuse to curb your expenses, a competent Arizona bankruptcy lawyer will advise that Chapter 13 may end up being a waste of time and money.

June 15th, 2012

Can I be Taxed if My Debt is Forgiven, such as in a Short Sale? If the Mortgage Forgiveness Debt Relief Act of 2007 Still Applies, Maybe Not!

If a debtor owes a debt to a creditor and the debt is cancelled or forgiven, the amount of the forgiven debt may be taxable income. The debtor should consult with a competent Arizona real estate lawyer or Arizona bankruptcy lawyer to determine if current laws will exempt such forgiven debt as taxable income. One wrong decision could cost you thousands and thousands of dollars in tax liability.

June 10th, 2012

Octomom Filed Chapter 7 By Herself — And Screwed it Up!

Even famous people think they know how to file their own bankruptcy. Paying $1,500 to a competent Arizona bankruptcy lawyer to discharge thousands and thousands of dollars of debt is a no-brainer. I guarantee you that you will pay more to fix your mistakes.

February 23rd, 2012

What happens if I don’t pay my HOA assessments?

An Arizona real estate lawyer, an Arizona foreclosure lawyer and an Arizona bankruptcy lawyer will warn clients that failure to pay HOA assessments will cause the HOA to sue the homeowner and collect such amount. Even Chapter 7 or Chapter 13 bankruptcy will not discharge all HOA assessments.

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