Author Archive
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Questioning Your Emotions During Foreclosure
Foreclosure isn't just about the technical details of missed payments, default notices, attempted loan modifications, trustee sales, and the overall financial impact on an individual. Being forced into a position where losing your home one way or another is inevitable also has a deep, distinctly...
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Don’t Feel Guilty Staying In Your Home During Foreclosure
If you are beyond hope of mortgage modification, and somewhere in the process of foreclosure, you may be dealing with some guilt with regards to staying in the home without making any payments to the bank. After all, most of us have been raised with some sort of moral philosophy that requires pay...
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How Long Can You Remain In Your Home After A Foreclosure Sale?
Once every other remedy to avoid foreclosure fails, such as arranging a short sale, reinstating the loan, or negotiating a loan modification, what comes next? After the home has gone through the foreclosure process and a sale has been completed, many assume that it is a foregone conclusion that ...
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How The Foreclosure Crisis Affects The Collateral Value of Houses
One of the often overlooked consequences of the current mortgage crisis and the accompanying rash of foreclosures and loan modifications across the country is its impact on the collateral value of houses. Additionally, we need to consider how that will affect borrowers in the future. [caption ...
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Commonly Asked Questions About The Home Foreclosure Process
With the economic turmoil currently facing the world, there are millions of homeowners facing foreclosure who in the past would never have had to consider it as a possibility. Consequently, many are now asking questions about the basics of the foreclosure process, what they should expect, and wh...
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Foreclosure Laws and What To Expect As A Borrower
Due to the current economic turmoil being experienced in the United States, there are many homeowners who now find themselves in the position of being behind on their mortgage payments. It goes without saying that this is an extremely stressful, and often scary scenario to find oneself in. Havin...
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Home Loan Modification – Things to Consider
When you are in danger of losing your home to foreclosure, everything about life can seem overwhelming. Working with your lender towards a home loan modification can provide a potential solution for avoiding foreclosure, keeping your home and getting back on your feet financially. First, what exact...
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How Will Getting A Loan Modification Impact My Credit?
One question that we hear quite a bit from people who are facing foreclosure is how their credit is likely to be impacted if they pursue and obtain a loan modification from their lender. Obviously, when one has missed several payments on a loan, that will cause a credit score to deteriorate rapidly....
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Working With The Bank on Your Loan Modification
When negotiating with the bank on a loan modification, it's possible that you will get a modification offer from the bank that doesn't lower your payment to an acceptable level. If this happens, it's very important that you weigh out your options carefully. Sometimes, trying to work with the bank to...
