The Real Cost Of Foreclosure: And Which States Need To Worry About It

Sometimes homeowners find themselves in a financial bind and unable to pay their home loan. Often this leads to the difficult decision of foreclosing on their home. But this is a serious [...]


How Does A Foreclosure Auction Work?

Interested in attending a foreclosure auction?   After a foreclosure, banks may sell the property at a foreclosure auction. These auctions help the banks make back their money after the [...]


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 [...]


Can You Give Your House Back to the Bank Without an Expensive Foreclosure?

If you’re experiencing housing troubles and you’re not sure how to continue paying your mortgage, you’re not alone. In a recent survey of almost 7,600 adults in the United [...]


What to Know Before Buying a Foreclosed Home

Buying a foreclosed home can either be the deal of a lifetime or a complete nightmare in disguise. You’ve probably heard the horror stories. A new homeowner moved into their new home, a [...]


What Is a Loan Modification and How Do I Modify My Loan?

Whether you’re a first-time homeowner or an experienced property investor, it pays to understand your mortgage and its terms. A loan modification is any change made to the terms of an [...]


Unemployment Is The Main Reason For Foreclosures So Far In 2019

The Washington Post recently reported in 2019 that unemployment has been the primary reason for mortgages dropping over the past year and has been the primary reason for foreclosures. Over the [...]


What’s the Difference Between Mortgage Delinquency and Mortgage Default?

Today, there are a lot of misconceptions about the foreclosure process. Many people have been conditioned to think that mortgage foreclosure is the only step taken when a loan goes bad. If you [...]


How Many Mortgage Payments Can You Skip?

You’re in a tricky spot financially. Maybe you found yourself unable to make ends meet or unsure if you can pay your bills on time. You’re considering skipping your mortgage payment [...]


Is It Better To Refinance, Short Sale, or Foreclose?

No one likes to think about the possibility that their finances may take a turn for the worse, but life-changing events such as redundancy, illness and even market crashes can harm the ability of [...]

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