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In or Out of Mortgage Trouble? A Study of Bankrupt Homeowners
January 04, 2012
The general public often makes broad (and incorrect) assumptions regarding people who file for bankruptcy.
The American Bankruptcy Law Journal recently published a fantastic study, highlighting the various sundry issues which cause homeowners to lead down the path of filing for bankruptcy.
This paper includes descriptive details about bankrupt homeowners, such as the number of missed mortgage payments, use of adjustable rate mortgages, mortgage brokers, mobile homes and refinancing or home equity lines of credit.
This article provides tremendous insight into the factual, economic, psychological and socio-economic components associated with the subject of bankruptcy filing for families struggling to stay afloat during difficult economic times.
David Giller, Esq. is a Consumer Law attorney, providing professional, confidential and compassionate legal advice throughout New York City and northern New Jersey in financially stressful matters including bankruptcy, foreclosure defense, debt settlement, Fair Debt Collection Practices Act and Fair Credit Reporting Act. To learn more about David or his law practice, visit www.gillerlaw.com or call 201-478-7412.
The American Bankruptcy Law Journal recently published a fantastic study, highlighting the various sundry issues which cause homeowners to lead down the path of filing for bankruptcy.
This paper includes descriptive details about bankrupt homeowners, such as the number of missed mortgage payments, use of adjustable rate mortgages, mortgage brokers, mobile homes and refinancing or home equity lines of credit.
This article provides tremendous insight into the factual, economic, psychological and socio-economic components associated with the subject of bankruptcy filing for families struggling to stay afloat during difficult economic times.
David Giller, Esq. is a Consumer Law attorney, providing professional, confidential and compassionate legal advice throughout New York City and northern New Jersey in financially stressful matters including bankruptcy, foreclosure defense, debt settlement, Fair Debt Collection Practices Act and Fair Credit Reporting Act. To learn more about David or his law practice, visit www.gillerlaw.com or call 201-478-7412.