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Just the term, foreclosure brings up feelings of fear and dread. No one wants to lose their house. You may have already heard the term, or you may fear hearing it soon as you’ve fallen behind on mortgage payments.
Foreclosure is a legal process that a lending institution or mortgage company obtains ownership of your home, in other words, a repossession of the property.
Having to say my house is being foreclosed is something that homeowners never want to have to admit. Unfortunately home ownership comes with a lot of financial responsibilities.
It sounds great, you get a call from a company promising to help you negotiate your mortgage. One small catch they say, you have to pay a flat fee before they can get started. Its totally refundable in the event that they can’t get you a modified loan. Should you do it? No. In fact, check with your state, many have made this practice illegal. Stay on the safe side,
This article will help you break down and explain all questions you might have about how to sell your house fast when facing foreclosure.
Many homeowners feel powerless when their bank sends them a Notice of Default and might consider filing bankruptcy to stop foreclosure on their house.
Loan modifications, secondary loans, borrowing from acquaintances, filing for bankruptcy, and selling are all possibilities with varying success rates.
Late fees, exorbitant monthly payments, and other bills can make affording your current home a nightmare.
When you acquire a mortgage, there’s a constant threat of foreclosure looming over your head.
Stopping foreclosure can be a pain for most. If you’re not sure what to do when it comes to foreclosure, don’t worry – I got your back.