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Bankrupcty Scary? Stop The Foreclosure.
January 9, 2012
If your home is being foreclosed, that can be a very scary and unsettling feeling. The first decision you need to make is if you want to keep your home. If you are one of thousands of Americans who find themselves behind on their mortgage, then Chapter 13 bankruptcy can help you stop the foreclosure proceeding immediately. Sometimes bankruptcy is your only option as the mortgage company is not willing to work with you in modification. It is very important to consult an experienced bankruptcy attorney. Bankruptcy addresses a persons complete financial situation. Many people behind on their mortgages also have many other bills they can't pay. Bankruptcy can help stop the foreclosure of your home and also address other debt related problems. An experienced bankruptcy attorney can often tell you at your first consultation if you qualify for a Chapter 7 bankruptcy or Chapter 13 bankruptcy and what will be required of you going forward. You should not put off seeking legal advice.
Dallas-area home prices showed no sign of a rebound in the latest Standard & Poor's/Case-Shiller Home Price Index released Tuesday.
Home prices in the area were down 3.2 percent from a year ago in July. Home values in the Dallas area have now been falling for an entire year in the closely-watched housing market indicator.
Eighteen of the 20 major U.S. markets in Case-Shiller's survey for saw home price declines from July.
Nationwide prices were lower by 4.1 percent.
“If you look at the state of the overall economy and, in particular, the recent large decline in consumer confidence, these combined statistics continue to indicate that the housing market is still bottoming and has not turned around,” Standard & Poor'sDavid Blitzer said in the report.
Only Detroit and Washington, D.C. had slight year-over-year price gains, according to Case-Shiller.
The largest annual price declines were in Minneapolis, 9.1 percent, and Phoenix, 8.8 percent.
Dallas-area home prices in the index at midyear were down about 8 percent from the top of the local home market in 2007.
Work directly with a lawyer instead of a legal assistant.
We take the headache and hard work out of bankruptcy and foreclosure by being supportive, caring, and knowledgeable.
Personalized, friendly service.
Payment plans available.
Free case evaluation (attorney will spend time over the phone and give you detailed information relevant to your situation and determine if bankruptcy is a viable option for you and schedule a free in office consultation).
Over 30 years combined experience in helping individuals wipe out debt and get a fresh start.
Who Files for bankruptcy?
The average bankruptcy filer is age 38.
Couples filing jointly comprise 44% of all bankruptcy filings.
Of those filing bankruptcy alone, 30% are women and 26% are men.
Most bankruptcy filers are slightly better educated than the general population.
2 out of 3 Bankruptcy filers have lost their jobs.
50% of all bankruptcy filers have experienced serious health problems.
91% of bankruptcy filers have suffered a job loss, medical crisis or divorce.
40% of bankruptcies are a result of medical crises, unemployment or divorce.
90% of filers have two car payments, a house payment and an average of $2,500 in credit card debt.
10% of filers were delinquent only 5�29 days prior to bankruptcy.
For more information or a free initial consultation and evaluation, please call 214.688.1393 or 817.870.1960 or fill out the Case Evaluation Form, on the home or contact page, and one of our attorneys will contact you.