Jump to content

Will I owe money to my mortgage company after a foreclosure sale?

As a bankruptcy attorney, a very common scenario that I experience is a person that is facing a foreclosure or is worrying about owing money after a foreclosure sale, short sale or deed in lieu of foreclosure. With so many foreclosures in the recent past and with many more in the works, a lot of […]

Foreclosures in Omaha | What is the process?

Nebraska allows foreclosure without a court hearing! Non-judicial foreclosure laws For better or worse, Nebraska allows mortgage companies, banks and other lien holders to foreclose on real property without a court proceeding.  The authority that provides for non-judicial “mortgage” loans is found at Neb. Rev. St. § 76-1018 et seq. and is commonly referred to as […]

Filing a Chapter 13 bankruptcy will STOP a foreclosure sale

Yes, it’s true.  A Chapter 13 bankruptcy will STOP A FORECLOSURE SALE.  Chapter 13 bankruptcy is the Swiss army knife of the bankruptcy world. Although it seems kind of weird to get excited about the power of a Chapter 13 bankruptcy, when I started my career as an Omaha bankruptcy attorney in 1989, I was […]

This site is not intended to constitute legal advice, nor does it create an attorney-client relationship. The materials on this site are not guaranteed to be complete or current, and they should not be relied on as a substitute for legal advice. This site conveys general information related to bankruptcy law in Omaha, Papillion, Bellevue, Gretna, Council Bluffs and surrounding communities. If you are contemplating or involved in any matter in which legal advice or other expert assistance is required, the services of a competent professional should be sought. The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements or self-proclaimed expertise. This disclosure is required by rule of the Supreme Court of Iowa. Memberships and offices in legal fraternities and legal societies, technical and professional licenses, and memberships in scientific, technical and professional associations and societies of law or field of practice does not mean that a lawyer is a specialist or expert in a field of law, nor does it mean that such lawyer is necessarily any more expert or competent than any other lawyer. All potential clients are urged to make their own independent investigation and evaluation of any lawyer being considered. This notice is required by rule of the Supreme Court of Iowa.