Tag: foreclosure

Pre-Foreclosure?

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With millions of homes across the country going into foreclosure, it’s important for homeowners/borrowers to understand the Pre-foreclosure process. So what is a Pre-foreclosure? Many homeowners across America are facing difficulties making their monthly mortgage payments and find themselves in Pre-foreclosure. When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a … Continued

How to stay in my home after foreclosure?

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A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. How to stay in my home after foreclosure? What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people … Continued

Understanding the Foreclosure Process

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Understanding the foreclosure process is an important part of navigating your own home in foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not the end … Continued

Can I Sell My House In Foreclosure?

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Selling Your House In Foreclosure – How it works Do you have a house that’s in foreclosure right now? Many people going through the foreclosure process want to get out from under that burdensome house and wonder; can I sell the house in foreclosure?. The short answer: yes. The long answer: it’s a little more complicated, … Continued