Staying on top of your mortgage payments can be difficult, especially if you’re facing unexpected financial hardships. Unexpected expenses or a loss of income could temporarily prevent you from making your mortgage payments. The idea of missing a mortgage payment can be stressful. It’s understandable that you may have questions about your risk of foreclosure…
A real estate-owned property is one potential outcome for a home in the foreclosure process. If you are facing foreclosure, your home could end up as a real estate-owned property. It’s understandable that you might have questions about real estate-owned properties and how they work. Foreclosure is a big deal. If you’re facing foreclosure on…
High interest rates have been shown to correlate with higher foreclosure rates. When mortgage interest rates are higher, the percentage of foreclosures tends to increase. Interest rates continue to increase, and so do foreclosure rates. Higher interest rates and foreclosure can cause financial difficulties for homeowners. Whether you’re a new homeowner with a higher-interest loan…
Your car is an integral part of everyday life. Daily tasks like getting to and from work and picking up groceries can be extremely difficult without a vehicle. Repossession agents can act in ways that may be strange and unfamiliar. You must understand what they can do so you know if your rights are being…
There can be bias in any step of homeownership, and it’s always a cause for concern. Despite protections for borrowers against bias, bias often happens enough that you should be aware of how bias could impact you. Specifically in lending and foreclosure, there is an opportunity for lender discretion, which can become biased in a…
Loss mitigation is one of many options that can help you avoid foreclosure. You may be able to keep your house in loss mitigation, but it’s not guaranteed. Learning more about your options can help you decide which path could help you save your home in foreclosure. In loss mitigation, you’ll work with your mortgage…
Homeownership and divorce can be extremely complicated, even after the divorce is finalized. As couples navigate divorce, they have to decide who’s responsible for the debt under the current mortgage. It’s important to remember not to let a property go into foreclosure just to spite your ex, no matter where you are in the divorce…
Foreclosure on abandoned properties can be a different process than typical foreclosure. There are different criteria for lenders, and the foreclosure process can be different. If you’re facing foreclosure, you may wonder if simply abandoning your property may help you avoid the entire process, but there’s more to know about this tactic before you decide…
The foreclosure process can be confusing and difficult to understand. There is a lot of foreclosure sale terminology that may be unfamiliar, especially if you’ve never been through the foreclosure process. If you’re facing foreclosure or at risk of foreclosure, it may be a good idea to try to familiarize yourself with the foreclosure process…
Whether you’re trying to improve your home, pay off your mortgage, or invest in additional real estate opportunities, there are many different loan options to choose from. It’s important to do your research on loans to make sure that you’re investing your money wisely. Hard money loans are advertised as easy and fast loan options,…