Author Archives: Jay Butchko
Reverse Mortgage Foreclosure
For older homeowners, the idea of a reverse mortgage can sound appealing, especially if the homeowner is going through some tough financial times. A reverse mortgage is a type of home loan where the homeowner uses the equity in his home to get a loan that is distributed in monthly payments. In contrast to… Read More »
Disputing Incorrect Information With Creditors And On Credit Reports
Incorrect information on a credit report can have a negative impact on a person’s credit score, and therefore affect the person’s ability to get low interest loans, and even affect a person’s employment prospects in some industries. Because of this, it is important for a person who notices incorrect information on his credit report… Read More »
Can I Sue Equifax After The Data Breach?
News of the Equifax breach has many consumers fearing identity theft and the impact that would have on their lives. The information that was taken in the breach includes birth dates, Social Security numbers, names, addresses, and other personal identification information on millions of Americans. This is the kind of information that can easily… Read More »
Bad Faith In Denying An Insurance Claim
Life insurance policies are contracts between the insurance company and the insured person. Therefore, when the insured person dies, his beneficiaries are often left trying to collect the money promised under the policy from an insurance company that may be looking for technicalities in the contract to deny the claim. In some cases, the… Read More »
What Can Debt Collectors Tell Consumers About The Statute Of Limitations On The Debt Owed?
Consumers who owe debts to creditors often have to deal with debt collectors, some of whom may make the debt collection process quite unpleasant. However, even when a debt collector is not being abusive, or harassing the consumer, the debt collector may not always be giving the consumer the information the consumer is entitled… Read More »
How Bankruptcy May Affect Foreclosure
In some situations, homeowners who are struggling to pay the mortgage may also be having trouble paying off other bills. With the debt piling up, a homeowner may opt to file for bankruptcy as a way out. While this may be a way to manage other debts, filing for bankruptcy to get rid of… Read More »
The Status Of Liens After Foreclosure
Homeowners sometimes take multiple loans that are secured by their homes. If the homeowner fails to make payments on the original mortgage, which is also secured by the home, the mortgage holder can foreclose on the home to satisfy the homeowner’s debt. While the foreclosure sale may take care of the mortgage loan, the… Read More »
Pre-existing Damage As A Basis For An Insurance Claim
Generally, insurance companies do not pay out on policies if they determine that the covered property has pre-existing damage. The determination of the pre-existing damage is done through valuations and investigation by the insurance company. Pre-existing damage to insured property does not always mean that the insured losses out on the claim completely. In… Read More »
Credit Counseling To Manage Debt
Getting behind on bills can cause a lot of stress and could mean making some difficult decisions at the end of each month on which debt payments are made on time, and which payments are missed. Unfortunately, once a person starts missing payments, it gets more and more difficult to get caught up and… Read More »
The Process Of Foreclosure In Pennsylvania
Some homeowners who received foreclosure notices think that they have to leave their homes immediately, or that the bank can kick them out at any time. The lack of information on the timeline of a foreclosure, and when the homeowner has to leave the home can cause a lot of undue stress for the… Read More »
