Maybe you found yourself facing a tough economy leading to layoffs. Or perhaps you incurred hefty medical bills after a serious illness. These are just some situations that can spell financial disaster. Homeowners in the Miami area in these situations may go from a...
If you're struggling to afford your mortgage, something that you may want to discuss with your lender is seeking a mortgage modification. A mortgage modification changes your current home loan and lowers the monthly payment.Not everyone can get a mortgage...
You love your home, but you've really struggled to make payments on time. Your mortgage went up when your property values started to increase, and that increase in your mortgage took a toll on your budget. Where you used to pay $900 a month, you now have to try to...
Every month, you find it hard to make ends meet. Last month, you couldn't even pay your full mortgage. You covered what you could, but it wasn't what you owed.This month isn't looking much better, and you can't make up what you missed last time. You're not sure what...
During a foreclosure, a lender takes back control over a property. The homeowner is evicted, and the home is then sold.A foreclosure usually occurs because a homeowner has fallen behind on payments. Defaulting on a loan or mortgage payments starts the process. The...
The coronavirus certainly has scared many people, especially those who need to stay out of work. If they can't work, then how can they pay their bills? That question was heard loud and clear by the government, which has now passed a moratorium on foreclosures.The...
When you realized that you were over 60 days behind on your home's mortgage payments, you had a sinking feeling come over you. You know that missing it for too long could result in foreclosure among other problems for you.Foreclosure isn't personal, but it can feel...
Foreclosures are some of the worst things people deal with. One minute, they're enjoying their homes, but the next, they're facing homelessness.Foreclosures generally happen when the owner of a home can't afford to make their monthly payments. After missing payments...
When there is a possibility that you could have to go through a foreclosure, you may feel that your entire world is falling down around you. This is your home, and you've worked hard to get where you are.It's true that there are ways to avoid foreclosures and to fight...
Foreclosures happen when individuals cannot pay their mortgages on time. They may go 180 days or longer without making payments, but eventually, a creditor may decide to foreclose on the property.It is very important for you to pay attention if you have been missing...
