Are you a homeowner falling behind on mortgage payments? Worried that you may not be able to pay as much towards your mortgage soon? Want to restructure your mortgage payments to make them more affordable? You may be able to get a mortgage loan modification from your mortgage company to help make the loan more…
If you’re facing foreclosure on your home, it’s understandable that you might have questions about parts of the foreclosure process. It can be confusing and overwhelming for people unfamiliar with the foreclosure process. There are a lot of steps in the foreclosure process. It’s important to understand what each step means and what action or…
Going through a foreclosure can be very stressful, and not knowing the long-term effects of a foreclosure can add even more stress. The impact on your credit score is probably a negative effect of foreclosure that you haven’t considered before. It’s important that you know that a foreclosure will impact your credit after your home…
Lenders will try to make up the difference left over when a homeowner defaults on their mortgage loan, and one of the most common ways they do that is through a sheriff’s sale. For traditional foreclosures in New Jersey, lenders typically sell a foreclosed property to the highest bid during a sheriff sale. However, a…
A common question we get is, “can a foreclosure lawyer stop foreclosure?” The short answer is yes, a lawyer may be able to stop foreclosure, but it depends on the situation. Working with a foreclosure lawyer to help you throughout the foreclosure process brings a wealth of knowledge to help you in your case. The…
A common question we get is, “can a foreclosure lawyer stop foreclosure?” The short answer is yes, a lawyer may be able to stop foreclosure, but it depends on the situation. Working with a foreclosure lawyer to help you throughout the foreclosure process brings a wealth of knowledge to help you in your case. The…
USDA loans are mortgages backed by the U.S. Department of Agriculture offered by lenders for purchasing homes in eligible rural areas. When you’re struggling to pay your USDA mortgage, the idea of navigating a USDA foreclosure is probably at the top of your mind. USDA loans are similar to conventional loans. However, there are important…
The U.S. Department of Agriculture sets loss mitigation rules that lenders have to follow for homeowners with USDA loans. If you have a USDA loan and are struggling to make mortgage payments, there may be loss mitigation options available to you. The USDA loss mitigation guide sets rules for lender action on delinquent mortgages. If…
The Federal Housing Administration (FHA) loss mitigation options are outlined for homeowners with an FHA loan who are delinquent on their mortgage or struggling to make mortgage payments. The FHA also outlines these loss mitigation options for lenders issuing FHA-backed mortgages. Lenders are expected to follow the loss mitigation guidelines and offer these options to…
Title insurance can be a useful tool for homeowners. It can help them protect their homes and their titles. Having title insurance is recommended and sometimes required when purchasing a home that’s been foreclosed on. Title insurance can also be useful if you’re purchasing a home that hasn’t been involved in a foreclosure. Joshua Denbeaux…