A homestead exemption does not stop or prevent foreclosure on a property. Instead, it protects a set amount of home equity from unsecured creditors.

In some cases, filing Chapter 7 bankruptcy does not automatically mean losing a home.

If payments are missed during a Chapter 13 bankruptcy, it does not automatically end the case. In some situations, an attorney can request permission from the court to allow missed payments to be addressed without dismissing the plan.

Chapter 7 bankruptcy is a liquidation process where a trustee may sell assets to repay debts, while Chapter 13 is a structured repayment plan designed to help individuals catch up over time.

Bankruptcy can be a strong option for homeowners who are behind on mortgage payments or facing foreclosure.

Not every mortgage loan qualifies for the protections offered by anti deficiency laws or the one action rule. Mitchell Sussman explains that even in states like California where both protections exist, a borrower must still meet specific legal requirements for the laws to apply. If a loan falls outside those guidelines, the bank may still have the right to sue for the unpaid balance. Certain types of loans often fall into this category.

State laws can make a major difference in what happens after a homeowner stops paying a mortgage. Mitchell Sussman explains that in states with anti deficiency laws or the one action rule, a borrower may be able to walk away from the home without personal liability for the loan.

Some states limit what a bank can do after a mortgage default. Mitchell Sussman explains that the one action rule allows a lender to choose only one path when a borrower stops paying. The bank can either foreclose on the home or file a lawsuit to collect the debt, but it cannot do both.

Special Episode 4, Short 2 Banks often choose short sales because they allow the loan to be reset with a new borrower who qualifies for the reduced value of the property. Instead of continuing with an existing borrower who has already struggled to make payments, the lender can move forward with someone who has a stronger financial profile for the lower loan amount. This approach reduces ongoing risk and creates a cleaner lending arrangement tied to the current market value o

Special Episode 4, Short 1 A short sale occurs when a property is sold for less than the amount owed on the mortgage. This usually happens when the home’s market value drops below the remaining loan balance, forcing the owner to sell at a lower price than the debt. For example, if a home has a $400,000 mortgage but is only worth $300,000, selling it at that price would be considered a short sale because it does not fully cover what is owed to the lender. WATCH VIDEO:...

NEWPORT BEACH, Calif., March 3, 2026 /PRNewswire/ -- On February 23, in the federal United States District Court, Central District of California, the law firm of Sussman and Associates filed the action titled Sussman v. Litigation Consulting case # 8:26-cv-00419 alleging Common Law False Designation of Trade Name; Federal and State Unfair Competition and violation of California's Trade Secrets Act. The firm is suing Litigation Consulting, Group Nationwide Consumer Advocates,

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When one has a swimming pool they often think of what they can do with it such as going for a swim, cooling off during hot days, and hosting pool parties. What many people don’t consider are the requirements that come with having a pool. These requirements include maintaining and securing the pool. In Las Vegas, the requirements governing this is found in the Las Vegas Swimming Pool and Spa Code. Placing barriers Section 305 of the Las Vegas Swimming Pool and Spa Code relate

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