If you’ve gotten behind on your mortgage payments and have received a foreclosure notice, you might be expecting the worst. Don’t start packing your bags just yet! There are options available to you that may help you save your credit, and maybe even your home. Short Sale A short sale is when a mortgage holder […]
You’ve Received a Notice of Default: Now What?
Receiving a notice of default can be a scary moment. This typically means you are 30 to 45 days past due on your mortgage payment, and that you may be on the route to foreclosure. It may feel like you have no options or anywhere to turn, but this is simply not true. There are […]
What You Need to Know About Foreclosure Laws
Foreclosure. It’s a scary word. And an even scarier situation to find yourself in. But while foreclosure can seem terrifying and completely out of your control, it is important to know and understand foreclosure laws in order to set your expectations and protect yourself and your property as much as possible. Defining Foreclosure First of […]
The Ins and Outs of a Deed in Lieu of Foreclosure
Realizing that you can’t keep up with the payments on your house is often a panic-inducing moment. If you’re facing foreclosure, you know how damaging it can be to your credit and financial future, but there’s simply no way you can cover the payments. While this is a tough situation, you have options beyond simply […]
Foreclosure and Credit Score: How Will You Be Affected?
The idea of a foreclosure is laced with fear for homeowners everywhere, and for good reason: the thought of losing a home in such a public, embarrassing way is tough to cope with. And then there’s the relationship between foreclosure and credit score. It’s a well-known fact that defaulting on a home loan means your […]
5 Tips to Rebuilding Your Credit After Foreclosure
The toll that foreclosure can take on your life is devastating. From the turmoil of the process to the chaos of being uprooted from your home, there’s no doubt as to how overwhelming this event can be on your day-to-day routine. But that doesn’t even include what it can do to your credit score. […]