Mortgage Modification Checklist

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Mortgage modification is a hot topic lately.   And most commentators have rendered a verdict: Mortgage modification programs like HAMP and HAFA (Home Affordable Modification Program and Home Affordable Foreclosure Alternatives) have been a colossal   failure. Still, some homeowners have achieved the impossible to obtain modification…

stopping foreclosure chapter 7 bankruptcy

Stopping Foreclosure With a Chapter 7 Bankruptcy

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Chapter 7 bankruptcy can slow down foreclosure, but it’s not the best way to stop foreclosure. Chapter 7 bankruptcy is the most common kind of consumer bankruptcy.   It’s called “liquidation bankruptcy.” However, 99% of Chapter 7 bankruptcies are “no asset” cases, meaning no property is sold…