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What would Richie Do?

May 11th, 2012 Scott Wantland Posted in Celebrity Debt, Foreclosures, Mortgage No Comments »

For those of you that are following UK basketball legend Richie Farmer and his foreclosure woes, it looks like he could use the help of Wantland Law, PLLC.

Maybe he could use a bankruptcy?  Perhaps he could consider a short sale?

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Can I keep my house when I file bankruptcy?

December 6th, 2011 Scott Wantland Posted in Bankruptcy, Mortgage 4 Comments »

The short answer is yes you can.  In most cases retaining your home is a matter of making the house payment.           

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When too late isn’t

May 2nd, 2011 Scott Wantland Posted in Bankruptcy, Chapter 13, Chapter 7, Foreclosures, Mortgage, Taxes, Uncategorized No Comments »

Someone today asked me if it was “too late to file bankruptcy” to save a house.

Generally, it’s too late if the foreclosure sale has occurred. If a lawsuit has been filed, it’s not too late. It a sale date has been set, it’s not too late. If a collection agent tells you it’s too late- it isn’t.

There’s reasons to file as soon as possible. Filing a bankruptcy stops the foreclosure process. It halts collection calls and dirty letters. A chapter 13 begins the repayment process.  Property taxes potentially are halted from becoming liens.  The sooner you file the sooner you get peace of mind, make the calls stop, and the frest start stops.

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HELOC, Mortgage, Second Mortgage, Home Equity Line

April 7th, 2011 Scott Wantland Posted in Debt, Foreclosures, Lien, Mortgage 1 Comment »

There’s an old saying that a rose by any other name smells just as sweet.  The point of the saying is that no matter what you call an item, if it quacks like a duck, swims like a duck, has webbed feet…you get the point.

There’s something scary for a lot of people about getting mortgage.  They understand that it’s a loan against the house that if not repaid will result in foreclosure. 

Knowing that people are afraid of second mortgages, banksre creative and call them other things- home equity lines, HELOC, home equity loan- who cares what they call it.  They want you to borrow against your house.

It does not matter what it’s called.  If you sign a piece of paper that says my home stands good for my loan then you are signing a mortgage. 

Another play on words- it is what it is.  It doesn’t matter what you call it.

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The attorneys of Wantland Law in Shepherdsville, Kentucky, advise and represent individuals and families in bankruptcy cases and debtor-creditor negotiations in Bullitt County, Nelson County, Spencer County, Hardin County, Okolona, Jefferson County, Louisville, and such communities as Mount Washington, Brooks, Lebanon Junction, Bardstown, Taylorsville, Elizabethtown, Radcliff and Fort Knox.

The information on this Louisville kentucky Wantland Law / Law Firm website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. THIS IS AN ADVERTISEMENT.

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