Vlog: Stripping a 2nd Lien in Chapter 13 Bankruptcy
Randy M. Creighton, Esq., of Black & LoBello explains what you should know before you try to get rid of your second mortgage by declaring Chapter 13 bankruptcy in the state of Nevada.
Strategic Default
Voluntary strategic defaults pose a new wave of defaults hitting the already battered housing market. A strategic default is voluntary. It occurs when the borrower decides to stop making payments, or defaults on a home mortgage despite having the financial ability to make the payments. Usually, this occurs after a substantial drop in the house’s […]
Residential Purchase Volume Increases Due, in Part, to Tax Credit Soon to Expire
The Pending Home Sales Index (PHSI) is an index created by the National Association of Realtors (“NAR”) to measure housing contract activity, which is released the first week of each month. PHSI analyzes the relationship between existing home sale contracts and transaction closings over the last four years. As of September 2009, contract activity for pending […]