The Mortgage Foreclosure Process - Can Bankruptcy Stop It?

Posted by admin under: Foreclosure Process Oct 26

By: Jackie Rush
Many homeowners these days are going through the mortgage foreclosure process. Most of them usually end up filing for bankruptcy in an attempt to save their properties. The bankruptcy option is actually the process least understood by homeowners. It is also the least popular at that. However, this option can actually provide a ray [...]

What Does Default Mean in the Foreclosure Process?

Posted by admin under: Foreclosure Process Oct 22

By Nick Adama
When banks foreclose on a home, the owners are often confused by the language used in the various legal documents. One of the terms that causes the most confusion is “default.” There are at least two different ways that this word is used during the foreclosure process, neither of which have good implications for [...]

5 Things You Need To Know about the Foreclosure Process

Posted by admin under: Foreclosure Process Oct 09

By Jill Borash

What you do not know about the foreclosure process can hurt you and it can mean the difference between saving your home and losing it to foreclosure. There are 5 things that you must know about the foreclosure process in order to stop it.

The foreclosure process can be a scary and emotional process. There [...]

Delay the Foreclosure Process and Buy Yourself More Time - Up to 3 Years in Your House Payment-Free

Posted by admin under: Foreclosure Process Oct 06

By Alfred Sant

The steps that the bank takes to repossess your property are collectively known as the foreclosure process. There are so many factors that go into home foreclosure that each foreclosure varies regarding the time it takes and in the process it goes through.
If you fail to make your payments on your mortgage for several [...]

Understanding Foreclosure Process

Posted by admin under: Foreclosure Process Sep 25

By: Antony White
Foreclosure is the process whereby the lenders repossess a home while the homeowner fails to make mortgage payments regularly. The value of the property is used as a guarantee against non- payment of the debt and hence the home owner is forced to sell the property at a rate which is less than the [...]

Loan Modification Procedures

Posted by admin under: Foreclosure Process Sep 24

When you are in a period of extreme financial difficulty, it may be best for you to look into a possible loan modification procedure.
While it is not initially easy to be approved for a loan modification procedure, it may be in your best interests to try to at least obtain some information from your bank. [...]

Is the Nonjudicial Foreclosure Process Illegal?

Posted by admin under: Foreclosure Process Sep 22

By: Nick Adama
In states that allow a nonjudicial foreclosure through a power of sale clause in a deed of trust, homeowners find that their properties are sold out from under them without a hearing or chance to defend themselves. In fact, it is up to the borrowers to bring a lawsuit into court against the lender [...]

How The Real Estate Foreclosure Process Really Works

Posted by admin under: Foreclosure Process Sep 15

Regrettably, this is the day and age where a prevalence of foreclosures keeps creeping closer and closer to home. Many hopeful sellers are wondering what is involved in a foreclosure and what steps can be taken to thwart such an occurrence.
Following is a timeline of events when a property becomes “delinquent” on payments.
Breach Letter
The Breach [...]