Facing foreclosure is stressful and, after everything you have put into your home, you might wonder if you can avoid it. Many homeowners do not realize that sometimes lender mistakes can save your home from foreclosure. There are a few common issues to consider that...
Foreclosure Defense
Foreclosure trends and predictions for 2023
2022 saw an increase in Florida foreclosures. WFLA News Channel 8 states that the foreclosure rate increased by 71.26 percent since 2021. Florida ranks high nationally in foreclosure rates. The state is seventh overall and second in total foreclosure starts from the...
4 ways to help stop a foreclosure of your home
The economic downturn may impact your employment situation, affecting your ability to make mortgage payments. Serious illness or injury and mounting medical bills may also cause mortgage payment problems. Here are four ways to help keep your lender from foreclosing on...
What is the right to redemption?
A foreclosure means your lender is trying to take back your home. It occurs when you miss payments and do not fulfill your obligation under your mortgage agreement. Throughout the process of foreclosure, you may have the chance to stop it and retain your home. The...
Does missing a mortgage payment start the foreclosure process?
When money is tight, it can be difficult for you to pay the mortgage each month. However, there are consequences for skipping payments, including foreclosure. Realtor.com says that many lenders allow you to have a grace period if you cannot make a payment on the due...
Should you trust companies advertising foreclosure assistance?
When you receive word that your home is at risk of foreclosure, you may fear the future. You may wonder what other options you have to save your home. During this unprecedented time, you could receive advertisements or offers from companies claiming to have the...
A short sale may help limit credit damage and prevent foreclosure
Homeowners struggling with mortgage payments may consider a short sale to avoid foreclosure and lessen the damage to their credit. As noted by Bankrate.com, a lender must, however, agree to and approve a short sale transaction. Because a bank receives less than the...
How do you know if you are getting close to foreclosure?
Having a mortgage is not only an effective way to boost your credit score, but it may also allow you to build equity. Eventually, you may be able to use your accrued equity to secure additional financing. If a lender forecloses on the property, though, you are apt to...
A foreclosure defense may include a Chapter 13 bankruptcy
Homeowners experiencing temporary financial hardships may consider bankruptcy as an option to prevent foreclosure. According to the Consumer Financial Protection Bureau, approximately 3 million Americans have fallen behind on their mortgage payments. As reported by...
Are you aware of these foreclosure scams?
If you are falling behind on your mortgage payments, you may feel desperate for some help. Unfortunately, many scammers play on people's desperation and if you are not careful you could fall victim to a foreclosure scam. It is important to understand some of the most...
