Foreclosure
Understanding Receivership Sales and How Integrity Law Group Can Help
When a business is facing financial distress, it may be difficult to determine the best course of action. In some cases, a receivership sale may be the best option. A receivership sale is a court-supervised process where a receiver is appointed to liquidate the assets of a company or individual in order to pay off…
Read MoreHow to Prevent Foreclosure: When is Mediation the Right Move for Your Situation?
Losing your home can be one of the most devastating experiences for a homeowner to go through. Falling behind on mortgage payments can occur for a number of reasons, such as losing your job, medical emergencies, or other unexpected expenses, leaving you struggling to keep up with your mortgage payments. If you are facing the…
Read MoreDon’t Let Debt Take Away Your Home – Call Integrity Law Group for Help Filing Chapter 7 Bankruptcy
Are you struggling with debt and worried that the bank may take away your home? Don’t let that happen! If you are facing foreclosure or mortgage payments that you can no longer afford, it’s important to know that you do have options. One of those options is to file for Chapter 7 bankruptcy, and Integrity…
Read MoreStop the Foreclosure and Save your Home in a Chapter 13 Bankruptcy
Chapter 13 bankruptcy can be an option if you are facing foreclosure after falling behind on your mortgage payments. It will allow you to pay off the amount owed through a repayment plan, usually within 3-5 years, depending on your income and other circumstances.
Read MoreTaxes in Bankruptcy Proceeding
In Washington, you may retain any property that falls into one of the exemptions categories if you file bankruptcy. However, there are certain debts that you will not be able to discharge even in bankruptcy, among them are certain non-dischargeable taxes, as for example, back taxes are not dischargeable unless the tax meets discharge requirements.…
Read MoreFavorite Tax Provision Expired: Avoiding Taxes on Cancelled Mortgage Debt
If your debt to someone else has been canceled or forgiven, the canceled amount may be taxable. Generally, to the extent that a loan from a lender is not fully satisfied and a lender cancels the unsatisfied debt, you have cancellation of indebtedness income. The Mortgage Debt Relief Act of 2007 generally allows to exclude…
Read MoreWhat Rights Do I Have In the Foreclosure Process?
In the last post, we talked about what’s going to happen if you didn’t respond to the notice of default. Then, what rights do you have in the foreclosure process? Here’s some need-to-knows when dealing with a foreclosure: You have the right to bring your mortgage current before the foreclosure occurs. This is called reinstatement.…
Read MoreI Didn’t Respond To The Notice Of Default. What’s Going To Happen?
This is a question we hear all the time, and one that comes with a very important answer. This also a good follow up from our last post about about what to do what to when you are Defaulting on Your Mortgage. Did miss a few mortgage payments and then neglect, or just forget to respond…
Read MoreDefaulting on Your Mortgage
I haven’t been making my mortgage payments. What’s going to happen? Do I have rights? What to do when you find yourself in default. If a homeowner misses a mortgage payment, then the homeowner’s account goes into default. When this happens, the servicer is required to send a Notice of Pre-Foreclosure Options (NOPFO). If you are…
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