Avoiding Foreclosure

Buying a home can be one of the most rewarding experiences of your lifetime. However, people jump into buying decisions without taking the time to ask some important questions that, if not answered properly, can turn their thrilling purchase into a source of unending stress. One area where this happens often is on purchasing a […]

When faced with foreclosure, most people dread the pressure of losing their property. While home foreclosure laws vary in every state, homeowners must know what scenarios required to stop foreclosure process – at the last minute! Foreclosure proceedings are done in judicial court for some states, like in Cleveland. This makes it easier for Cleveland […]

Losing your home to foreclosure may be one of the biggest personal and legal challenges you may face in your lifetime as a homeowner. 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 […]

During financial hardships on a home mortgage, some homeowners find it difficult  to understand the differences between Foreclosure and Bankruptcy, and which options to consider. Foreclosure is a legal process in which a lender attempts to recover the balance of a borrower’s unpaid home loan.  Consequently, the lender forces the sale of the asset or […]

Home foreclosure is basically the process of repossessing your home by a lender. Once you sign a mortgage contract, that means you’ve agreed to pay the lender back for the housing loan that you’ve acquired, and that you’ve agreed to do it according to their terms. When you stop making payments, you’ve essentially breached that […]

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 are also called Acquired […]

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. When you see a home listed as “foreclosed,” it means that it’s owned by the bank. Every mortgage […]

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 […]