Stop Home Foreclosure
7 Killer Strategies To Head Off Foreclosure
Home foreclosure is a traumatic event and unfortunately today many homeowners are faced with the prospect of losing their family home. Nobody wants to be in a situation where foreclosure is inevitable; however there are strategies that you can employ to help save your home.
Strategy 1: Confront the Problem
If you can’t afford your monthly mortgage [...]
Judicial Foreclosure
What is a Judicial Foreclosure?
Also called foreclosure by judicial sale, Judicial Foreclosure occurs when the courts handle all the proceedings of the foreclosure and make sure that there won’t be any more problems for the purchaser of the property. It is a more lengthy process taking up to a year versus approximately 3 months for [...]
Non-Judicial Foreclosure
Non-Judicial Foreclosure occurs without any court intervention and, this kind of foreclosure is simply between the lender and the borrower, or other persons with connections to the transaction like a mortgage broker or a financial adviser. It is preferred by lenders as it provides the mortgage lender with a greater degree of control, in many [...]
Judicial vs Non-judicial Foreclosure
The foreclosure process differs from state to state, and essentially depends primarily on whether the state uses mortgages or deeds of trust as mortgage instruments to finance the purchase of real property.
A mortgage creates a lien on the title of the property while a deed of trust is a deed provided by a borrower to [...]
A Plan To Stop Home Foreclosure
Over recent years many Americans have used mortgage loans as an easy way out of a financial crisis, by using their homes as security. Yet, irresponsible mortgage management can lead to the foreclosure of your home, if you are not careful. Here are some tips that you may find useful in developing a plan to [...]
What Is Home Foreclosure & How To Avoid It
Most people need to borrow money at some time in their lives, unless your name is Bill Gates or Warren Buffet. Over recent years many Americans have borrowed money by extending their mortgage. The person’s home then serves as security for that loan and unfortunately this exposes the family home to risk. Failure to meet [...]
