After an adverse sale, whether a short sale or a foreclosure, the idea of owning a home again feels far off and challenging. But if you’re ready to wade back into the waters of homeownership after bankruptcy or another life event, Bob Johnson (AKA BobMortgage) has some sage advice for you.

And there’s no better expert in mortgages than Bob Johnson, senior mortgage advisor for the nation’s oldest private mortgage lender, Wallick & Volk. With more than 20 years of industry experience helping thousands of people in all types of buyer situations, he’s seen it all and has the knowledge to help guide you through buying a home after foreclosure, bankruptcy, or a short sale. Click through for more:

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Outsource to Detroit

We all knew it was coming as city and state leaders came to an impasse with Detroit’s creditors, and now the largest municipality in history has filed for bankruptcy protection.

This is big news for everyone, not just Dallas, as I’m sure creditors of the more than $19 billion in municipal debt rung up by the city are not tightly packed around Detroit. One of the biggest issues is how the city will manage its 700,000 inhabitants, spread across an unmanageable and mostly vacant city.

So, how will Detroit recover from this blow? Should suburbs surrounding Detroit take a stab at annexing some of the city’s outlying real estate?