Debt Collection

Managing your finances can be a very complicated task.  Where do you start?  I suggest starting with a budget.  Sit down and write out what you think you should be spending your money on each month.  Don’t forget to include… Continue Reading →

Texas is a recourse state.  This means that mortgage lenders can seek a mortgage deficiency judgment against a borrower when the proceeds of a foreclosure sale do not pay off the entire balance of a mortgage.  However, Texas has some… Continue Reading →

During the last decade many parts of the United States suffered from drastic decreases in property values.  Housing prices dropped overnight, and homeowners lost their equity in their real property.  Many borrowers found that the balance on the mortgage secured… Continue Reading →

If you owe a debt and stop making payments eventually the creditor will send you an offer to settle the debt.  These agreements usually offer to settle the debt for less than what is owed on the contract.  Sometimes the… Continue Reading →

If the debtor has more motor vehicles than drivers in the household, then the vehicles can be seized.  If they have collectibles with value, such as a stamp collection, coin collection, paintings, then that property may also be nonexempt. There… Continue Reading →