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September 2016 Archives

What are signs of potential foreclosure scams?

As a resident of the Washington D.C. area, you have likely been warned about foreclosure scammers and the bait they use to scam people with. This can make looking into foreclosure information somewhat tricky, because some of the information out there is false. So how can you tell the frauds apart from the real deal?

How can you boost your credit score after bankruptcy?

Have you had to file for bankruptcy in Washington, D.C.? Are you worried about the long term impacts that this might have on your credit record? We at Ammerman & Goldberg wish to help you understand your rights, options and outlooks when it comes to the relationship between bankruptcy and credit cards.

What are a lender’s legal obligations in a foreclosure?

If you are behind on paying your mortgage, you run the risk of falling into foreclosure with the bank. Lenders in Washington D.C. are able to repossess property when a homeowner fails to make his or her payments. While the property owner may be at fault for missing payments, lenders have responsibilities that they must follow when going through the foreclosure process.

Making payments in a Chapter 13 bankruptcy plan

Once a debtor has filed for Chapter 13 bankruptcy in Washington D.C., he or she will be required to make payments to the trustee who is presiding over the case. The trustee will then distribute the funds according to the priority of the creditors. According to U.S. Courts, there are three types of claims: priority, secured and unsecured. Priority claims involve debts that are deemed most important by the court, and may include bankruptcy fees and taxes. Secured claims include debt that must be paid on items that could otherwise be repossessed by the creditor, such as vehicles or homes. Finally, unsecured claims involve debts in which the creditor does not have the ability to reclaim property.

How can you rebuild your credit following a bankruptcy?

Although you may have recently declared bankruptcy in Washington D.C., there is still hope for your credit score and your financial future. When you file for bankruptcy, it can stay on your credit report for up to 10 years and your credit score may fall dramatically as a result. This is not surprising, as a credit score is an indicator of how well you are able to repay your debt. Fortunately, there are things you can do to rebuild your credit score and get back on track when it comes to securing your financial future.

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Washington, DC 20005
Phone: 202-559-1428

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Phone: 703-550-7030

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Cabin John, MD 20818
Phone: 301-890-4500

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