Tag: foreclosure
A foreclosure consultant is a professional that offers to help you resolve you foreclosure problems. They can do this in several ways, which include:
14.03.2018
 
A Short Sale is when the mortgage lender agrees to settle with a discounted payoff that is less than the balance owed on the loan to consummate a sale of the property and stop foreclosure. By taking this avenue, it will help the lender receive more of the loan balance and less hefty fees compared to a foreclosure process. The homeowner will also maintain a better level of credit. Certain criteria must be met to qualify for a short sale. Provision of economic hardship & evidence of zero equity in the property must be submitted by the homeowner to the mortgage lender. It is an extremely complex transaction, so be sure to select an experienced professional who is very knowledgeable in this field.
14.03.2018
 
With the decline in home values in the past few years, some homeowners who need to sell in the current market find themselves trapped, as they owe more than their home is worth. In this situation, the short sale can become a viable option.
14.03.2018
 
This specialist is one who starts the process by which commercial and residential properties are reclaimed by various lending institutions including mortgage companies and banks. This process is started due to non-payment of the client's mortgage. The foreclosure specialist may assist the lender, new purchase, homeowner, or business owner in the procedures. They may even help all parties involved. Banks and real estate companies will often employer their services. A specialist in this field may offer their services on an independent contractual basis.
14.03.2018
 
The word "foreclosure" is one word that a homeowner does not want to hear because they can lose their home. This is especially true if you default in making timely monthly payments. When a homeowner buys a home, they intend to make their monthly payments on time but unforeseen events can happen and affect your financial situation. You could lose your job, have a health problem that causes you to miss several days or weeks of work, divorce, etc. If you have a situation that could affect you making your monthly mortgage payment on times you will need to take immediate steps to avoid possible foreclosure of your home.
14.03.2018