Consumer Finance and Foreclosure

Consumer Finance and Foreclosure law deals with a wide variety of economic matters, including financial workouts, debt-consolidation, and foreclosure prevention and alternatives.

Frequently Asked Questions

When and why does foreclosure begin?
Lenders will initiate foreclosure proceedings when homeowners become delinquent in their mortgage obligations, usually after three payments are missed. The lender will then notify the buyer in … more
Are you at risk of foreclosure?
If your financial situation has changed for the worse, you may be worried that you might be at risk of foreclosure. Have your finances changed due to a mortgage payment increase, loss of … more
What is acceleration?
Many contracts for debts contain "acceleration" clauses. This clause gives a creditor the right to "accelerate" the repayment when a payment is missed. Often, the … more

Legal Articles

Property That is Exempt From Bankruptcy
Historically, state law provided the property exemptions available to those seeking bankruptcy protection. However, the bankruptcy code now allows states to choose between the federal exemptions provided in the bankruptcy code or the exemptions provided in state law. Many states have chosen to continue to follow their state law exemptions but a minority of states have decided to … more
What are Credit Counseling Agencies?
Credit counseling agencies may be able to help you if you are having trouble paying your debts. Credit counseling agencies also can be an alternative to filing bankruptcy proceedings, or, in some cases, are a required step to filing bankruptcy proceedings. These are generally non-profit organizations whose goal is to provide you with the tools necessary to managing and paying off … more