ByDavid Chang Foreclosing on a home you love can be a nightmare. It can be stressful and scary. Especially if you want to keep your home and you’ve already tried everything in your power to stop foreclosure. Despite losing your home you may be at risk for a deficiency judgment. Deficiency happens when a lender [...]
ByKarim El Sheikh So you have already been in the market for foreclosures for quite some time, but are having a hard time getting good deals. That can be a frustrating experience but these simple tips can help you get there ahead of the pack and net you the best deals around. You may be [...]
ByKarim El Sheikh First off, there is no magic bullet to repair your credit or increase your score within a few months or days. You have to be prepared for a somewhat arduous process that requires hours of paperwork, online negotiation, phone calls and in some cases, payments. However, repairing your credit score can go [...]
After the housing market took a nosedive many people were not only left struggling to make their house payments, but many more have faced the cruel reality of foreclosure. Many people have speculated about the causes governing the foreclosure crisis. While there may not be a general consensus we can point to a few areas [...]
The rate of foreclosures continues to increase with an estimated 14,000,000 plus Americans faced with making a decision to default on their payments. Most homeowners seek loan modifications initially, but their lenders have been less than cooperative is granting principal reductions which the homeowners need to stay in their homes. The lenders know that statistically, [...]
Foreclosure is an undesirable situation especially for those who desire to keep on living in the homes that they’ve grown used to. When this happens, they often seek ways to avoid foreclosure and if possible, to stop foreclosure for good. There are many situations when foreclosure happens to people: when they lose their source of [...]
ByJacquelyn B Marks The time is now to move on foreclosures. It has a high reward if the proper research and understanding is completed when buying a distressed property. A foreclosure is when the lender for a mortgage terminates the mortgagor’s equitable rights of redemption by the operation of law. Foreclosure process After the mortgage [...]
ByMichael P Forbes The entire nation is experiencing the sting of unemployment and upside-down mortgages and in effect, millions of Americans are being forced to move out of their family home when they lose it to foreclosure. When borrowers are behind on their payments, if they choose to do nothing, they will inevitably lose their [...]
As Mark Twain once observed, “There are lies, damned lies and statistics.” When it comes to quantifying the foreclosure trend in the U.S., there’s no doubt that statistics can serve as a convenient way to manipulate, control and even obscure the truth. As The Wall Street Journal recently reported, “…if you ask five researchers how [...]
News of yet another foreclosure halt hit the headlines last week. Does this mean doom and gloom for real estate investors or could it be a fantastic present in disguise? For those who missed the announcements last week, several mortgage giants have rolled out plans for a ‘foreclosure moratorium’ for the holidays. So what is [...]