Category: Foreclosure

What Happens to my 2nd Mortgage/Home Equity Loan in Ch. 7 Bankruptcy?

Many clients are concerned with what will happen to their second mortgage (also referred to as a Home Equity Loan, Home Equity Line of Credit or HELOC) during and after Chapter 7 Bankruptcy. What is Second Mortgage? In general, second mortgages or HELOCs are loans that property owners get. The value of the property above

Effects of the Foreclosure Crisis on South Florida Home Prices

The following is a series of charts organized by county showing the declining (in most cities) median listing prices for homes in South Florida. Moreover, they show the effects of the foreclosure crisis. MIAMI-DADE COUNTY Aventura Bal Harbour Aventura Zillow Home Value Index Aventura Home Values - Interactive chart Bal Harbour Median List Price Bal