Mortgage & Insurance Rates and News!

Tag: foreclosure

How to Escape an Underwater Mortgage

By on September 14, 2012 in Mortgage with 0 Comments
How to Escape an Underwater Mortgage

There are few financial things worse in life than needing to sell your home, but having the home’s value be significantly lower than your mortgage balance. This is called being underwater on your home or mortgage. An underwater mortgage means you are going to have some issues getting out of the house, and to be […]

Continue Reading »

How Long Can and Should You Stay in Your Foreclosed Home?

By on January 23, 2012 in Money with 0 Comments
How Long Can and Should You Stay in Your Foreclosed Home?

When a large number of people buy homes they can’t afford with the idea that the home’s value will only go up and never down it is inevitable that you end up with a host of foreclosures. As the housing crisis unfolded home values in some areas of the country dropped 25% to 50%. As […]

Continue Reading »

5 Tips for a Successfully Buying Short Sale

By on July 19, 2011 in Money with 0 Comments

Buying a home in a short sale can be a great bargain for potential home buyers. A short sale is when the bank or mortgage lender is willing to sell the home for less than the mortgage balance to reduce the loss the lender takes on the loan and to stay out of foreclosure court […]

Continue Reading »

Avoid Foreclosure: Saving Your Home After Mortgage Default

By on December 25, 2010 in Mortgage with 0 Comments

If you’re one of the four out of ten Americans living paycheck to paycheck, an unforeseen medical emergency or change in employment could leave you unable to pay your mortgage payment. Your lender can initiate the foreclosure process at any time once your home loan falls into default. Bad financial luck, however, doesn’t have to […]

Continue Reading »

Top