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,…
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 foreclosure can be a complicated process. If a property going through foreclosure is a rental property being foreclosed on, it can be even more complex. Like any foreclosure, a foreclosure on a rental property impacts the owner. What may be easy to forget is that foreclosure on a rental property can also impact…
Facing foreclosure can be overwhelming and scary. Having your home go through foreclosure can impact you in all areas of your life. Once the initial shock of foreclosure and losing your home wears off, you may wonder where that leaves you financially. Foreclosure can negatively impact your credit score. If you’re looking to buy a…
Going through a foreclosure can be stressful. If you have equity in your home, it’s understandable that you might wonder what could happen to it and what you can do to make sure you get the most equity out of your home. Equity always remains the property of the homeowner. However, foreclosure can impact your…
If you have equity in your home and are facing foreclosure, it’s understandable that you may wonder what will happen to your equity. The question of what happens to equity during foreclosure could be even more complicated if you’re also going through a divorce. Divorce and foreclosure can impact your equity. Foreclosure may pull from…
Property division can be a complicated process during divorce. A lot goes into deciding which, if any, spouse gets the house and how the other spouse is compensated. Adding concerns about the house going into foreclosure can make property division even more difficult. There are a lot of important things that you should consider if…