Budgeting for Coronavirus

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 5 minutes

earth dollar

Even if you have been keeping up with your bills, now is the time to do some emergency budgeting.  Nobody knows how bad this will get. (Things have been changing fast. This post was published on March 14th.  Not even a week later bars and malls were closed.  Now the problem is even bigger.  Unemployment…

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The Mortgage Debt Forgiveness Act Is Back! And Gone?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes

red house with % sign

At the end of 2019 the Mortgage Debt Forgiveness Act was reinstated.  Unfortunately, this has not received any media attention.  From the bankruptcy cases we handle we know there were a lot of short sales and foreclosures in Southern Maryland the last two years.  Therefore, we know it is important to get the word out. …

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Should I Request Maryland Foreclosure Mediation?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 9 minutes

hand holding contract

When someone comes into our Waldorf or Lexington Park offices for a foreclosure consult, they often have a packet from their mortgage company that includes the Maryland Foreclosure Mediation Op-In Form.  Many people ask if going to mediation is worth the $50 fee.  The answer is it may be worth doing, but it probably won’t…

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Divorce Can Make Refinancing Your House Difficult

by D'Erra Jackson | Posted in Family Law | Reading Time: 2 minutes

clipboard with loan docs

I saw a recent news article about a stay at home mom trying to refinance her house. She was running into major problems. It made me think of all the problems people must be having trying to save the house they negotiated for, or were awarded, in a past divorce case.  A typical Separation Agreement may…

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Can You Get A Mortgage To Buy A House Or Refinance Your Mortgage?

by Dave Gormley | Posted in Civil Law & Consumer | Reading Time: 3 minutes

house with percent sign

When mortgage rates first dropped below 4% a few years ago many people were told they couldn’t get a mortgage loan. If they were looking to buy they were told they needed perfect credit and a huge down payment. If they were looking to refinance they were told their house value had dropped too much….

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VA Loans & Bankruptcy

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: < 1 minute

Think you will never be able to get a mortgage again if you file for bankruptcy?  In this video Dave Gormley discusses with Seanna Smallwood of Southern Trust Mortgage how a person with VA eligibility can get a mortgage while their Chapter 13 Bankruptcy is pending. Want to know more? Discover what you need to know about…

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