Homeownership is a delight, but if you can’t make the payments it can become a nightmare. When you reach a point where the bank is threatening foreclosure, then you may feel like you’re out of options. On the contrary, there are a few options to avoid or, at least, delay foreclosure. The most common option […]
Using Bankruptcy to Stop Foreclosure
Chapter 13 Bankruptcy Can Be Used to Stop a Home Foreclosure and Get Those Payments Up to Date The housing bubble has burst a few years back. Many people with unfavorable mortgage terms are finding it more and more difficult to keep up with payments. Adjustable rate mortgages (ARMS), a huge number of which were […]
Why Foreclosure isn’t as Bad as You Think
Due to the housing crisis, more homeowners than ever are turning to foreclosure. However, this time there’s a twist. Not too long ago, foreclosure was only a process forced onto homeowners by banks as a punishment for missing payments. Today, homeowners are choosing to walk away from their homes, and enter willingly into foreclosure. While […]
How to Avoid Foreclosure and Keep Your Home
There is no place like home. However, if mortgage debt and threats of foreclosure have you sleep-deprived with worry, home may undeniably become a source of stress more than anything else. But there are ways you can prevent the bank from taking back your home. You are not alone as Uncle Sam is here to […]
Flipping 101: How to Choose the Right Foreclosed Homes
House flipping can be a very lucrative investment, potentially tens of thousands of dollars can be made in a short amount of time. Not only that, but the investor uses other people money in the form of loans to get started. There are a few basic pointers any house flipper should follow if they want […]