The Importance of Learning What a Mortgage Default Is
A mortgage default basically is a situation of which someone isn’t making payments on their mortgage, and in turn, the loan will be considered as an “in default,” meaning where the agency that holds...
View ArticleBank of America Offers Up to $30,000 to Short Sellers
Bank of America has announced the launched of its nationwide program that offers delinquent mortgage customers assistance of between $2,500 and $30,000 at the completion of a qualifying short sale....
View ArticleBarriers to Short Sale Activities Slowly Being Lifted
Short sale faces a number of barriers in the current markets. But these barriers have slowly been lifted. A short sale requires a willing buyer, a price that is acceptable to all parties, and a...
View ArticleTax Consequences of a Short Sale
In a short sale, a home seller looks for a home buyer that offers to purchase a home for an amount less than the outstanding mortgage debt. If the mortgage servicer or lender bank agrees to a short...
View ArticleWhat is an Order to Docket?
An Order to Docket is a legal requirement for lenders to comply with in Maryland prior to the start of foreclosure proceedings. Foreclosure is the result of the failure of the lendee to pay the loan to...
View ArticleThe Short Sale Process
A short sale is a process of selling a home for less than the current balance of the mortgage. This type of sale can potentially be the best way of preventing foreclosure on your home and your credit....
View ArticleShort Sale Vs Foreclosure, Which One Is The Best?
With the difficult economic times, there is no disputing the fact that many people are going through difficulties as they pay their mortgages. Indeed, statistics show that many home owners are willing...
View ArticleEffects of Foreclosure on Children
While the media discusses the effects of foreclosure on credit scores and home values, little is mentioned about the human cost of foreclosure, especially on children. According to a 2012 report by the...
View ArticleEffects of Foreclosure on Spouse
Long recognized as the reason for many divorces, financial stress has increased significantly during the Great Recession. While overall the divorce rate has decreased, it has actually increased in...
View ArticleHow to Write a Hardship letter
For those who would like to make a short sale, but find themselves in trouble should know that depending on the situation they’re in, at some point they will certainly need to learn How to write a...
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