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 […]
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 […]
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 […]
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