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It can actually be the start of something good.
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Your attorney should be as well.

5 percent increase in U.S. foreclosure rate

Real estate data provider RealtyTrac revealed on February 12 that foreclosed properties in the U.S. climbed by 5 percent over the past month–making it the highest increase in the last 15 months, Business Insurance reported.

Daren Blomquist of RealtyTrac stated that foreclosure filings are expected to increase in the next few months, as banks tend to increase “spring cleaning” in most states. Just last month, banks repossessed 37,292 residential properties. There were 51,782 houses in January headed for foreclosure auctions. The number of houses that are undergoing foreclosure procedures nationwide, on the other hand, reduced by 4 percent compared to the recorded data in 2014. RealtyTrac still identifies Florida in January as the state with highest levels of foreclosure.

In Birmingham alone, the Greenway Bankruptcy Law, LLC, lawyers believe that many people are struggling to prevent their homes from being foreclosed. If you are experiencing this, we may work for you to defend your home. Call us today at (205) 324-4000 to find out how we may help you through this stressful situation.

Ex En Vogue member threatened with foreclosure

Singer Maxine Jones’ may lose her Virginia home to foreclosure after a federal judge allowed her bank to start the procedure, The St. Louis American stated on February 4.

The 53-year-old En Vogue ex member reportedly has a debt of $212,000 on her residential property in Virginia. The looming foreclosure came after Jones defaulted on her monthly mortgage in October and November 2014. Maxine reportedly filed for Chapter 7 Bankruptcy on December 18 due to additional debts that included private school, legal fees, and state taxes in Virginia and California. Maxine split with the R&B quartet group in 2012.

If your home is being threatened with foreclosure in Birmingham, the lawyers at the Greenway Bankruptcy Law, LLC may work for you. We may be able to help you prevent your home from being taken even if you are experiencing financial hardships. Learn more about your options today by calling (205) 324-4000.

Steps to recover from foreclosure

Fox News shared some tips on January 23 offering advice on how to spring back from a foreclosure experience.

• After a foreclosure, borrowers should fix their credit by continuously using their credit and make it a point to pay on time. Lenders may grant loans to borrowers who work to build a continuous and reputable credit history.

• After foreclosure, previous homeowners may need to wait for years before they can qualify for loans from lenders. However, the duration of the waiting period may possibly be reduced if the foreclosure was a result of losing a job unexpectedly or the death of a family member.

• After a foreclosure, borrowers should diligently settle their taxes. People may avoid hefty foreclosure taxes if they prove that they are completely broke or if they seek bankruptcy protection.

The lawyers of Greenway Bankruptcy Law, LLC, know that many homeowners in Birmingham have lost their homes to foreclosure. If you believe your home is being threatened with the same process, our lawyers may work with you to prevent it from happening. Find out how we may help you safeguard your home today by calling (205) 324-4000.

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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

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