FAQ
Foreclosure Tips and Advice
Sunday, August 31st, 2008If Only I Had Known - Foreclosure Tips and Advice
Home foreclosure rates are fast on the rise. Foreclosure in the news reports that the national crisis has sprung from a number of factors: people signing up for interest-only or graduated interest/adjustable rate mortgages, and common unfortunate life factors that deem homeowners unable to make monthly mortgage payments. Divorce, unemployment, illness, etc. are all common reasons for defaulting on your loans. Whatever your particular predicament that has led you to imminent foreclosure, here is a quick run-down on all you need to know about the foreclosure process: from foreclosure tips/advice, the foreclosure process, and what to watch out for. Read more
Mortgage FAQ
Thursday, June 19th, 2008Mortgage FAQ
What is a new mortgage? A new mortgage occurs when the borrower refinances their mortgage with a new lender. This allows for the loan to be brought current immediately and can stop foreclosure. However, be sure that you have also allowed for the foreclosure fees, which you will need to pay back to the bank. Read more
Bankruptcy FAQ
Thursday, June 12th, 2008Bankruptcy FAQ
What is bankruptcy? Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. Read more
Foreclosure FAQ
Wednesday, June 11th, 2008Foreclosure FAQ
What is foreclosure? Foreclosure is the legal proceeding in which a mortgagee, usually a lender, obtains a court ordered termination of a mortgagor’s equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. Read more