You may have heard that having an active lien on your house can cause trouble when trying to sell your home or get a mortgage. But that leaves out the basics. What’s a lien, and what can you do about it?
Bankruptcy is a bummer. No one has ever said “OH MAN! I’m so excited to file bankruptcy! It’s going to make everything so awesome!” That being said, sometimes it needs to be done. If you have explored all of the alternatives and have decided to file bankruptcy, it’s important that you know what your options are and how they will impact your existing mortgage, or your future ability to obtain home loan financing.