Preforeclosure: What Is It and How Does It Work?

Preforeclosure: What Is It and How Does It Work?

People who don’t make their mortgage payments on time may receive a letter from their lender letting them know that their property is going into preforeclosure. Those who do not take action run the risk of losing their homes for good. This predicament can be...
Is It Safe To Buy a Home In Foreclosure?

Is It Safe To Buy a Home In Foreclosure?

You’ve been keeping your eye on a certain neighborhood in your area. It’s filled with the kind of homes that you’ve dreamed of owning. One day as you are driving past, you see that someone is selling a home is in foreclosure. You think to yourself,...
How to Work Out Terms With Your Lender

How to Work Out Terms With Your Lender

When you hear the term “workout,” your mind might immediately jump to your gym routine. In fact, in the terms of a mortgage, “working out” with your lender takes on an entirely new meaning. A loan workout is a way to come to a workout...