Looking down the barrel of a foreclosure, if you are among one of the over 1.4 million homeowners facing this same issue, there may be a creative technique to save your home. Save your home and salvage your equity so that you can fight again. The last thing that you want to do is give your home back ... Continue Reading » about Avoid Foreclosure: An Option That Many Do Not Know About
If you are facing a foreclosure, there may be options to negotiate a workout program with your lender. To get help with a foreclosure you have to start by talking to your lender. Help is available if you are willing to workout a reasonable repayment plan with your lender, while this can sometimes be ... Continue Reading » about Avoid Home Foreclosure – Facing Foreclosure? Some Options That May Help You
Buying a house is a big investment. It really puts a dent on your financial resources. Of course, the expenses do not end with the down payment. You still have to contend with the monthly payments for the mortgage. This is a financial situation that you will have to live with for years until you ... Continue Reading » about Alternatives to Foreclosure
For a number of reasons, the rate of home foreclosures is rising in the United States. In fact, the rate is up some 70% over a year ago. Part of this is due to rising interest rates that are making payments unaffordable to homeowners who bought their homes three or four years ago with adjustable ... Continue Reading » about Mortgage Problems and the Myth of Foreclosure Help
Bank foreclosure real estate, also referred to as REOs (Real Estate Owned), is foreclosed real estate that is owned by the bank due to an unsuccessful foreclosure auction. There are several reasons the home may have not sold at the auction. The most common reason is negative equity- the bank ... Continue Reading » about Bank Foreclosures
Foreclosure as the name suggests means a situation in which a homeowner or a mortgager is unable to make payments of principal and/or interest payments on his or her mortgage, so the lender, be it a bank or financier, can confiscate and sell the property as per the conditions in the terms of the ... Continue Reading » about Buying A Foreclosed Home Or Property – A Wise Decision?