Author Archives: tseg

Things Birmingham homeowners should ask when protecting home from foreclosure

Birmingham homeowners often find it difficult to defend their home in a foreclosure procedure due to the fact that the state follows a “nonjudicial foreclosure” procedure. Struggling homeowners who want to contest the foreclosure case could file a lawsuit to the court so a judge could intervene for them to possibly ask for the following:

Rapper DMX trying to save house through bankruptcy filing

A December 29 article of Mail Online revealed that well-known rap artist “DMX” has filed for bankruptcy to possibly protect his house in New York and to settle his millions worth of debt to creditors. Reports said it is already the third time that the 46-year-old rapper had filed for bankruptcy. DMX, or Earl Simmons,

Debts that may remain after a bankruptcy procedure

Though filing for bankruptcy can be the ultimate recourse for some individuals who have been left with overwhelming debts, people should understand that in some instances there are debts that may still remain that debtors need to settle. Below are the following debts that cannot be relieved by a Chapter 7 or Chapter 13 bankruptcy

Millions may benefit from Trump’s student loan plan proposal

A December 14 article of Forbes revealed millions of people struggling to repay their student loan debts are expected to benefit from the proposal of president-elect Donald Trump. A month before the presidential election, Trump said in Ohio that student loan debts should not be a lifetime burden to people and students should not be

Counties in Alabama with low credit card debt

A recent study revealed that, compared to many states, Alabama’s households tend to have much lower credit card debt, a Thursday, December 8 article of al.com reported. The average credit card debt of households in all states is $15,675, but reports revealed that Alabama households have an average of $1,866 in credit card debt. Data

Things Alabama homeowners should know about foreclosure process

Homeowners should know how the foreclosure process works in Alabama for them to better avoid getting in trouble with lenders once they have started to be considered delinquent. In Alabama, foreclosure is primarily done outside the court (non-judicial) but does often occur within one as well (judicial). In non-judicial foreclosure method, delinquent homeowners should strictly

Nationwide foreclosure inventory decreases as completed foreclosures increase

A California-based real estate information provider observed that there was an increase in completed foreclosure procedures nationwide, but the foreclosure inventory has decreased, a November 8 article of Housing Wire reported. According to CoreLogic’s September data, there was a 31.1 percent decrease in yearly nationwide foreclosure inventory, which amounts to a 3.1 percent decrease on a

Lindsay Lohan might head for bankruptcy

Actress Lindsay Lohan might find herself heading for bankruptcy due to claims that she failed to settle the rent payments on her flat in London, an October 22 report of the Economic Times stated. The bankruptcy issue reportedly comes as the 30-year-old actress opened up a nightclub in Greece with Dennis Papageorgiou. The landlord of the $4.2

Tips people could do to mitigate excessive credit card debts

Financial experts have observed that though many people are earning more money, nationwide credit card debt is also on the rise, noting the $912 billion debt from January to June of this year. Experts noted that mitigating credit card debts could be considered “one of the wisest investments” people can have. This is often conflicting,

Financial relief available for unemployed individuals

It is truly a frustrating situation for any person to have overwhelming debts, and it can be even more worrisome if a person just lost his or her job. Unemployed individuals and those who are underemployed with overwhelming debts should know there is a bankruptcy option available for them. While unemployed individuals may not be allowed to