House Repossession » Kansas http://house-repossession.com Updates, Guidance, Solutions & News on House Repossession Tue, 07 Feb 2012 10:56:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Chapter 7 Bankruptcy and Home Foreclosure in Kansas http://house-repossession.com/videos/chapter-7-bankruptcy-and-home-foreclosure-in-kansas/ http://house-repossession.com/videos/chapter-7-bankruptcy-and-home-foreclosure-in-kansas/#comments Thu, 02 Dec 2010 01:03:13 +0000 admin http://house-repossession.com/videos/chapter-7-bankruptcy-and-home-foreclosure-in-kansas/ Read More →]]>
This video explores whether you can keep your house and your car if you file for chapter 7 bankruptcy in Kansas. In Kansas, you can keep your house and car if you file for chapter 7 bankruptcy. In other states, however, it depends on the type of exemption your state gives. Assuming you qualify to keep your house and car, there are still a couple of things you need to keep in mind. First, you have to continue making your payments. If you stop making your payments, your lender can foreclose on your house or repossess your car. Second, you need to discuss with your attorney what steps you should take regarding your home and car loan. Every situation is different, so you need to consult with your attorney to ensure you are addressing your home and car loan in the appropriate manner. If, however, you are behind on your house payments, or you are facing foreclosure, chapter 7 bankruptcy is probably not right for you. At best, filing for chapter 7 bankruptcy will only temporarily halt a foreclosure action. In other words, it will not do anything to address the long term problem. If you are behind on your payments, the first thing you need to do is to try and negotiate some type of mortgage workout with your lender. If that does not work, then filing for Chapter 13 bankruptcy is probably your best option. Chapter 13 gives you the option of catching up on your late payments via a five year repayment plan. At the heart of a Chapter 13 bankruptcy is a three- or five-year repayment …

]]> http://house-repossession.com/videos/chapter-7-bankruptcy-and-home-foreclosure-in-kansas/feed/ 0 Kansas City housing market continued its weak performance in February http://house-repossession.com/news/kansas-city-housing-market-continued-its-weak-performance-in-february/ http://house-repossession.com/news/kansas-city-housing-market-continued-its-weak-performance-in-february/#comments Wed, 17 Mar 2010 23:31:25 +0000 admin http://house-repossession.com/news/kansas-city-housing-market-continued-its-weak-performance-in-february/ Read More →]]> Kansas City housing market continued its weak performance in February
Mar. 17–The Kansas City housing market continued its weak performance in February, with the average price of a home down 3 percent and sales activity sluggish despite a federal incentive program.

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