If you’re one of the millions of Americans burdened by student loans, you know how stressful managing those payments can be. When life throws more financial challenges your way—like unexpected debts or job loss—it can feel overwhelming, leading you to consider bankruptcy as a potential solution. However, when it comes to student loans, the situation is more complex. This guide…Read More
My understanding is that the lender is basically just going to pick up where they left off. It’s like time froze for a year and a half, and now, we are resuming normal procedures. I don’t think that courts have dismissed these cases due to failure to prosecute because they’ve been tied up. The judges know that the lenders are…Read More
The process varies by state. If you apply for a forbearance by the deadline, which is currently the end of September of this year, the lender won’t be able to foreclose on you while you are in a forbearance plan. However, if people don’t act, that could start the clock running on the foreclosure. In Maryland, the foreclosure process takes…Read More
The eviction moratorium has not expired. The CDC director, Dr. Rochelle Walensky signed an order dated August 3, 2021, determining that eviction of tenants for failure to pay rent or housing payments could be detrimental to public health control measures to slow the spread of SARS COV-2, the virus that causes COVID-19. That order expires on October 3, 2021, and…Read More
The U.S. student loan debt is characterized as a debt crisis in this country. Currently, about 45 million Americans hold more than $1.7 trillion in student loan debt. Of that, about 92% is backed by the American taxpayers. Cumulative student loan debt is the second largest category of consumer debt after mortgages, which struck me as being pretty crazy. While…Read More
Experiencing a short sale can be daunting and may feel like the end of your homeownership journey. However, with strategic planning and proactive measures, recovery is within reach. This guide covers essential advice to help you move forward, including: Strategies for qualifying for a mortgage after a short sale impacts your credit score. Steps to prepare for future homeownership and…Read More
The first form of relief is to do a refinance. If it’s a private student loan, it can sometimes be refinanced to get a lower interest rate. There is also deferment and forbearance, two programs that allow you to pause your payments for a certain period of time. In deferment, no interest accrues during the time that you are not…Read More
