First, a little disclaimer; Deficiency laws vary from state. I am not a lawyer, nor do I play one on TV. If you are considering a short sale or are faced with the possibility of foreclosure, I cannot recommend strongly enough that you seek the advice of a qualified attorney and CPA. The good folks [...]
7 Ways to Avoid Foreclosure
October 7, 2011 By Leave a Comment
If you a or someone you know is faced with the possibility of losing their home here are several options to avoid foreclosure. Short Sale – A short sale allows the homeowner to avoid foreclosure, minimize financial damage and move on from a burdensome, unaffordable mortgage. In many cases, a short sale allows the borrower [...]
Five Things You Need To Know About Foreclosure
September 21, 2010 By Leave a Comment
If your mortgage is no longer affordable and you’re thinking of letting your house go into foreclosure, here are five very important things you should know; If you let your house got to foreclosure, you won’t be able to get a new home loan for 5 years. Foreclosure can lower your credit score by 250 [...]
Foreclosure threatening your credit score?
August 27, 2010 By Leave a Comment
Your mortgage problems don’t have to bring down everything you’ve worked for. If your mortgage payments have become unaffordable, or you’ve recently taken a financial hit that will affect your ability to pay the mortgage, you probably have a lot on your mind. Your next financial moves will affect you for many years to come, [...]