How to Avoid foreclosure and Save Your Home and Credit
It may not be common knowledge but, many lenders shred all of their documents after a short period of time. They do not want to store and have to retrieve the massive volume of documents they generate. They rely on the herd instinct to blindly pay your payment to them. There may be a filing [...]
Current events have created hardships and financial devistation for many homeowners. These homeowners were unable to make their mortgage payments and were in default. Foreclosure is a problem that many people have been experiencing right now. If you are one of them, you would be now thinking of a solution for you to stop [...]
written by: Leslie J West
Historicly high foreclosure rates were caused by lack of controls on the lending institutions. Easy qualification of buyers and outright mortgage fraud engaged in greedy brokers undermined our financial lenders. Billions of dollars lent to high risk borrowers. All these loans were bundled together and securitized. The financial securities were [...]
Home sellers usually are not experiencing happy times at or near foreclosure. Hopefully, a mutually beneficial transaction will occur between the investor and the distressed homeowner.
Home ownership is the American dream. Oppositely, is the loss of homeownership thru foreclosure. Their most important asset is now defunk and years of good credit is [...]
Divorces are emotionally and financially devastating. If both husband and wife worked their combined income was used to qualify for the home mortgage. Usually, couples will try and buy all the house they can afford. Everyone wants a nice comfortable home. However, small financial problems can escalate into stress and a [...]