If you’re behind on your mortgage, or even facing foreclosure, you may want to consider a loan modification. This will change the terms of your mortgage, often catching you up on missed payments and saving your home. The first step in the process is, of course, contacting your lender. However, before you get started, it’s [...]

What happens after foreclosure? Most of us know that foreclosure is the process through which a lender takes legal ownership of a home to recover the cost of an unpaid mortgage. It’s an ugly situation that no homeowner wants to find himself in, but that’s becoming more and more common as the nation’s housing crisis [...]

Can bankruptcy stop foreclosure? That’s a question many of today’s unfortunate homeowners are facing. Bankruptcy is never something anyone wants to do. It’s a terrible blemish on your credit that stays there for 10 years, and can keep you from getting additional credit or good loan rates. Yet, losing your house is an even worse [...]

In Part 1 of “How to Stop Foreclosure,” we discussed several top techniques for keeping your home, including payment plans, refinancing, renting it out, and selling it. Now, we’re going to discuss some other methods you can use to keep the bank at bay.
5.  Do a short sale. A short sale is what happens when [...]

If you’re looking for information on how to stop foreclosure, you’re not alone. In the month of October 2008 alone, over 300,000 foreclosures were filed in the United States. Each month, the number of foreclosures only continues to rise as unemployment skyrockets and prices on consumer goods go higher and higher.
If you’re in the position [...]

 
If you’re behind on mortgage payments and see no way of catching up, you’re probably starting to wonder, “How does foreclosure work?” Tens of thousands of people just like you are looking up information on the foreclosure process every day, in fact. With thousands of people across the country losing their homes each day, this [...]