Foreclosure
Can I Qualify for HAMP Program on Disability?
If you are on disability, you might qualify for the HAMP program. Also think about if you should downsize to a smaller home. Q: I think my mortgageA Mortgage is a document granting a lien on a home in exchange …
Homeowner’s Association Rules and Fees: Can They Foreclose on Your Home?
The homeowner’s association has rules and fees, and can foreclose on your home and put a lienA Lien is an encumbrance against the property, which may be voluntary or involuntary. There are many different kinds of liens, including a tax …
Short Sale vs. Deed in Lieu of Foreclosure: Which is Faster?
To speed a closing with the bank before the end of 2012, you need to talk with your bank to decide what is faster: a short sale or deed in lieu of foreclosureForeclosure is the legal action taken to extinguish …
Short Sales and Their Lingering Tax Implications
Short sales are the only options for many homeowners, but its tax implications continue to affect the housing market. There is very little that makes short sellers happy these days. But we recently heard from one who finally at least …
What to Do When the Bank Is Stalling Your Short Sale
When the bank is stalling your short sale, there may not be much you can do to make the process go quicker. However, most banks realize that taking a short sale offer is better than the foreclosureForeclosure is the legal …
Loan Modification Programs for Underwater Mortgage
If you don’t qualify for any loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest …
Options for Selling an Upside Down Condo or Underwater Home
When trying to sell an upside down condo or underwater home, consider all your options and how short selling or foreclosing you property could affect your credit. Q: I currently own and live in a condominium. But I want to …
Does Signing a Quitclaim Release You From Your Mortgage?
When getting a divorce and signing a quitclaim, it is crucial to remember your home mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by …
Avoid Foreclosure on Rental Property
How to avoid a foreclosureForeclosure is the legal action taken to extinguish a home owner’s right and interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage of the total …
Is Strategic Default on Rental Property a Good Idea?
If you don’t qualify for refinance, you may be stuck with the property – a strategic default on rental property will lead to foreclosureForeclosure is the legal action taken to extinguish a home owner’s right and interestInterest is money charged …
