Foreclosure

The term loan modification gets passed around a lot when families are facing foreclosure. It is definitely a potential solution to avoid foreclosure for homeowners. However, is it indeed the best option available? Why are only 20% of homeowners who apply getting approval for loan modifications? It’s a staggering statistic, so lets look at why…

Families work very hard to get into a position to purchase a house and be called a homeowner. However, sometimes homeowners fall onto hard times and are unable to keep up with the payments even after entering into a contract known as a mortgage. Falling behind on their mortgage contract for three months can result…

It’s quite difficult for families to think straight when they are going through a foreclosure situation. Navigating a potentially complicated time can be pretty daunting. Some homeowners will try and go about it alone while others seek out professional advice at a premium price. In some cases, people will hire a foreclosure defense attorney to…

If you’re working with a homeowner that has received their lis pendens for foreclosure but have equity in their home, how do you get them out of foreclosure? Many families are unsure of what to do next and sometimes become very emotional at this point. In fact, some families will spend a lot of time…

Real Estate Investors ask when the best time is to reach out to the owners of a home during their pre-foreclosure process. The issue is many real estate investors feel uncomfortable reaching out to families when their experiencing financial distress and cannot keep up with their mortgage. People will tell you this may be too…

Many people have questions regarding the foreclosure process and auctions. What happens if the home does go to a foreclosure to be sold at auction? It’s important to understand this stage of the process because it will determine how long you have before you need to remove all your belongings. We’re going to sort through…

People often wonder if foreclosure will hurt their credit rating score. This topic is an important one because if you don’t have the facts, taking the wrong step may impact your future finances for a very long time. Some people believe once you complete the foreclosure process you’re no longer responsible for the debt yet,…