A bank foreclosing on your home is a serious matter, and not just because you would lose your house. A foreclosure also goes on your credit report, which can have a negative impact on your credit score and make it very difficult to get another mortgage or a loan in...
Owning a home involves lots of financial responsibilities. If a homeowner can no longer make mortgage payments, they face a risk of foreclosure. The good news is that the homeowner can halt the process at any time by taking the proper actions. Here are a few important...
After falling behind on home loan payments, it could take several months until your lender begins the foreclosure process. As noted by GoBankingRates.com, you may skip four payments and keep your property if you can then get caught up. Before missing the fourth...
When you default on your loans, you may find yourself flooded with calls from creditors and lenders. Not being able to pay is one thing, but this added pressure stacks stress even higher. When facing this situation, it may help to understand the process of...
If you have a mortgage but are struggling to keep up with monthly payments, you may be in danger of foreclosure. After working so hard to be a homeowner, it may be devastating to think that you may lose it. Fortunately, there are options that may make it possible for...
Either a Chapter 7 or a Chapter 13 bankruptcy can help a Florida family that is facing the loss of their home through foreclosure. However, only a successful Chapter 13 plan can directly stop a foreclosure since, in a Chapter 13, a family can make catch up payments to...
In Florida and across the United States, the ongoing health challenges have impacted people in myriad ways. Job loss, medical expenses, depleted savings, the inability to pay bills – all are continuing issues. People who have fallen behind on their mortgages have...
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...
