Tag Archive: Mortgage Law Network

Walking Away from the House

Cathy Moran, my blogging colleague on the Mortgage Law Network, discusses whether you should prevent foreclosure and keep the house.  Walking away from the house is one solution for a homeowner who can’t afford to repay the mortgage loan balance and the house is worth at least as much as you owe.  A deficiency judgment,…

Bankruptcy Law Network Top 100 Blawg

American Bar Association Journal editors voted the Bankruptcy Law Network Top 100 Blawg for 2008.  Our own Jill A. Michaux is one of 25 lawyers who blog on consumer bankruptcy topics for Bankruptcy Law Network, the most comprehensive online source for consumer bankruptcy information. BLN authors also write for its sister sites:  Mortgage Law Network,…

10% Home Mortgages Under Water

Here is a scary statistic for 2007 being reported by ABC News: 10% of American homeowners owe more money on their house than the house is worth. That figure has doubled from 5% in 2006. For homes purchased in the past two years, the figure shoots up to an alarming 30%, according to Reuters. These…

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