Category: Avoiding Foreclosure
A foreclosure consultant is a professional that offers to help you resolve you foreclosure problems. They can do this in several ways, which include:
14.03.2018
 
A Short Sale is when the mortgage lender agrees to settle with a discounted payoff that is less than the balance owed on the loan to consummate a sale of the property and stop foreclosure. By taking this avenue, it will help the lender receive more of the loan balance and less hefty fees compared to a foreclosure process. The homeowner will also maintain a better level of credit. Certain criteria must be met to qualify for a short sale. Provision of economic hardship & evidence of zero equity in the property must be submitted by the homeowner to the mortgage lender. It is an extremely complex transaction, so be sure to select an experienced professional who is very knowledgeable in this field.
14.03.2018
 
Financial distress may force a homeowner to sell his property. But there are also times when it is foreclosed by the financial institution to which the property is mortgaged. Yet, the redemption period still gives an opportunity to reown the house. However, there are risks which should be considered in order to take advantage of the stipulated time.
14.03.2018
 
With the decline in home values in the past few years, some homeowners who need to sell in the current market find themselves trapped, as they owe more than their home is worth. In this situation, the short sale can become a viable option.
14.03.2018
 
To homeowners, foreclosure is one ugly word which must be avoided at all costs. But when financial problems come, it is another dilemma which must be faced bravely and wisely. But do you know that it can be avoided? Here are some tips how.
14.03.2018