Foreclosure is hitting everyone from the poor to the wealthy these days, so it’s not unusual to see empty, vacant houses in the neighborhoods and lis pendens notices in the public records. If you’ve been hit by foreclosure, don’t feel bad, because you are definitely not the only one. While you may be a bit [...]

By Jonathan Gillham
To a family or an individual, losing their home is the most traumatic thing that can ever happen to them. With the current downtrend in the economy and people losing their jobs like dominoes falling down not being able to make your monthly payments to lenders or banks becomes more difficult if you [...]

By Greg Jordan
It is a great sadness today that more people have to choose if they should let the bank foreclose on their home. Today, this decision is happening at all income levels, and homeowners and investment property owners decide sometimes to simply walk away and let the bank foreclose, thinking that it is the [...]

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 [...]