Avoiding Foreclosure

You may think flipping houses may be an easy way to make fast money on a real estate investment, but flipping a house isn’t as simple as it seems in reality. There are 4 major ways working with an investor agent who has house-flipping experience will benefit you throughout the process: the initial buy, the […]

WHAT ARE MORTGAGE PENALTIES? Mortgage penalties are a small amount you will have to pay if you wish to get out of your contract before it reaches maturity. These penalties are in place to protect the lender and ensure they recoup some of the funds they’re losing when you’re no longer paying them interest.  With proper information, avoiding mortgage […]

It is indeed an exciting, and yet a thrilling experience for anyone engaged on buying or selling homes in Cleveland, or elsewhere! The whole process is enhanced by a good real estate agent who knows the ins and outs of the market. But with so many brokerages and agents out there to choose from, finding […]

What are foreclosed homes? Foreclosed homes are real estate properties whose owner failed to make the mortgage payments. It happens when the titular owner fails to provide payments for the loan amortization to a lender. It also occurs when the mortgage borrower also fails to pay the real property tax mandated by the government. These […]

Foreclosure is a home that’s seized and put up for sale by the bank that gave the original owner a loan. When you see a home listed as “foreclosed,” it means that it’s owned by the bank. Every mortgage contract has a “lien” on your property. A lien allows your bank to take control of your […]

One of the biggest personal and legal challenges you may face in your lifetime probably is about losing your home to foreclosure. Worrying about what can help you to avoid a foreclosure is another thing. One alternative is developing a plan of action to sell your house before you are sued in a foreclosure case. […]

The home foreclosure process allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership of the property. While there is variation from state to state, there are normally six phases of a foreclosure procedure. Phase 1: Payment Default A payment default occurs when a borrower has missed at […]

Foreclosure is a situation in which a homeowner is unable to make mortgage payments as required, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract. Due to the global Novel Coronavirus (COVID-19) outbreak, homeowners are now faced with unforeseen difficulties due to the […]

Whether you’re afraid someone will judge you for being unqualified, or you just can’t admit to yourself that you don’t have enough resources, asking questions on various issues can be hard, and sometimes embarrassing! In real estate industry, count on the fact that loan officers have the answer to all uncomfortable mortgage questions home buyers are […]

In every industry, there are always technical terminologies and special words or expressions that are used which are difficult for others to understand.  In a real estate industry, talking money and investment with property owners, agents, or even other real estate investors need a minimum understanding of the most important terms in this business. Though […]

Failing to make your home mortgage re-payments may result in the foreclosure of your property or home.  It is a legal means that your lender can use to repossess (take over) your home. When this happens, you must move out of your house. If your property is worth less than the total amount you owe […]

Closing houses or properties of certain individuals who are not able to pay their mortgage are called Foreclosures.  It takes an average of 8 months in Ohio to foreclose on a property, roughly six months longer than the national average, according to real estate data firm RealtyTrac Inc. This article would discuss issues on foreclosure […]

The process of repossessing your home by a lender is known as foreclosure.  By law, signing a mortgage means that you’ve agreed to pay the lender back, in full, for the loan, and you’ve agreed to do it according to their terms.  When you stop making payments, you’ve essentially breached that contract.  As a result, […]

Knowing where to find foreclosure listings is a surefire way to get yourself a bargain home. We’ve compiled a list of ways to find auctioned or foreclosed homes the legitimate way. Legal Options: Where to Find Foreclosure Listings in Cleveland Ohio: Newspapers Although we are in a modern era of communication and technology, newspapers are […]

Previously, in Part 1 of the “How to Save Your House from Foreclosure – The Equity in Your Home” series, we explained how to take advantage of your home equity and use it to bring any outstanding mortgage loan balances up to date and prevent foreclosure. In today’s post, we’ll focus on the two types of home […]