Most people are aware of what happens if they fall behind on their mortgage payments. Pre-foreclosure occurs when the borrower defaults on their loan. Their mortgage lender will act to
Credit scores and credit reports are extremely important when it comes to making major purchases, such as when you buy a home or a car, or even when you open
As you’re probably aware, many different actions and inactions can affect your credit score and be listed on your credit report. One small detail that regularly affects people’s credit scores
If you’ve ever heard the term “underwater mortgage,” you may wonder how this term differs from a regular mortgage. What does it mean to have an underwater mortgage and how
In Kentucky, foreclosure is handled through the courts in a process called judicial foreclosure. Lenders must wait at least 120 days after missed payments before filing, and homeowners are then
If you have debt, you probably don’t need repeated calls and letters about how much you owe. Having debt collectors call you at home is hard enough, but can a
Bankruptcy is an effective way to get a fresh start and get out of crippling debt, but why does it get such a bad rap? Many people are under the
The consumer debt balance in America currently sits at $15.31 trillion. This is a huge, almost inconceivable number, but it covers a lot of categories. Mortgages and car loans are
In most cases, you must wait a specific period after receiving your bankruptcy discharge before qualifying for an FHA loan. This timeline is designed to give you time to rebuild
In Kentucky, the statute of limitations for car repossession is generally four years from the date you default on your loan. This means a lender has up to four years
Debt can quickly become overwhelming and leave you feeling stressed. In a world of high interest rates and exorbitant late fees, it’s not uncommon for debt to double or triple
It’s common knowledge for many people that credit cards are a good way to improve your credit report over time. However, not everyone automatically qualifies for credit accounts like these.
Bankruptcy can provide financial relief for many adults with large amounts of debt. Filing bankruptcy can help people get a handle on their financial situation and get back to living
If you’re in a financial bind and looking for solutions, you may have run across the term “consumer proposal.” While it is a valid alternative to bankruptcy, it is not
Table of Contents What Type of Federal Tax Identification Number Does the Internal Revenue Service Need for my Taxes? At O’Bryan Law Offices, we understand that the acronyms used by
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