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How to Avoid and Stop Foreclosure
If you fall behind in your mortgage payments, the possibility that you may lose your home can make you feel devastated and helpless. The worst approach in that situation is ignoring notices from your lender and doing nothing. Most people don’t realize that if you are the victim of a foreclosure, you have options. In […]
What Is Foreclosure?
Foreclosure is the legal process by which a lender takes control of a property, evicts the homeowner and sells the home after a homeowner is unable to make full principal and interest payments on his or her mortgage, as stipulated in the mortgage contract. It may seem daunting at first, but we’re to guide you through it all. […]
8 Tips for Choosing A Foreclosure Attorney
8 tips for choosing a foreclosure attorney Many homeowners fight foreclosure by hiring lawyers to represent them. Read on for eight tips for finding and selecting a foreclosure defense attorney, and what to expect. HUD is your bud Here’s the first bit of advice from lawyers: Before contacting a lawyer, call a HUD-certified housing counselor. […]
When Should I Hire a Foreclosure Attorney?
When it comes to foreclosure, hiring an attorney early in the process helps ensure that you have more options available to you than what might be available later in the foreclosure process. For example, a lawyer can help you work out a deal with the lender that will allow you to stay in the home, […]
Foreclosure 101: How to Protect Yourself
Buying a home is typically a happy milestone. You’ve crossed a major threshold. You’ve achieved a life milestone. You feel optimistic and confident about the future. I don’t mean to throw cold water on your party, but I’d like to extend a note of caution. The reality is that millions of homeowners have wound up […]
Loan Modification: Lower Your Payments and Avoid Foreclosure
Sometimes all you need is a little break when you find yourself struggling to make your mortgage payments. A loan modification program can provide relief by making permanent or temporary changes to your loan, such as by reducing your interest rate or extending your payments. You don’t have to default entirely—you can make a few […]
What Is a Deed in Lieu of Foreclosure?
If you’ve heard about banks offering homeowners the option for a deed in lieu of foreclosure over a short sale, you might ask yourself why anybody would want to give a bank a deed to their home instead of going through the short sale process. Essentially, if the bank rejects your short sale, the bank […]
What You Need to Know About Short Sales and Foreclosures
Short sales and foreclosures are two distinct types of transactions that share the common denominator of being distressed properties, which involve a mortgage lender. (They are not interchangeable terms — although most people don’t realize it, there is a distinction between the two.) Many home buyers start a search for short sales and foreclosures in […]
