When home prices continue to push buyers away from the already scarce inventory, alternatives have to be sought. Among which are pre-foreclosed properties. What are these properties and is it wise in invest in them? Looking for an affordable home can be a challenge for homebuyers especially in major cities in the country. During the past year, home prices have … [Read more...] about How Do You Buy a Pre-Foreclosed Property?
Losing your home due to a foreclosure doesn't only mean damage to your finances and assets, it also has devastating effects on your whole being. While a foreclosure can hurt, it doesn't have to affect you forever. Recovering from foreclosure can take a while. So, while you are in the process of recovery, use it as a leverage to become a better homeowner. Living Through a … [Read more...] about Recovering From a Home Foreclosure
Paying off a mortgage loan can be tough. Many borrowers live from paycheck to paycheck just to meet all their financial obligations, including a mortgage. A few just give up, think that they can’t afford to keep up with the monthly dues anymore. Not being able to afford your mortgage can be caused by a variety of reasons. It can be due to stagnant income growth. Another … [Read more...] about Do You Need a Mortgage Modification Now?
Serious financial trouble can hit you when you least expect it. You either lost your job, your business may not be doing well, or circumstances with your investment fared terribly. These setbacks can lead to much stress, especially when you know you can no longer pay for your mortgageand you risk losing your home. When this happens, know that you have a way out. Let’s look … [Read more...] about Struggling with Your Mortgage Payments? Here’s What You Can Do
When you get behind on your mortgage, you might think the only answer is foreclosure, but you have options. If you really want to stay in your home, you can talk to the lender about a loan repayment plan. This plan is not something that affects your rate, term, or anything else on your loan. What it does is gives you the chance to make up the payments that you are behind on in … [Read more...] about How Does a Loan Repayment Plan Work?