foreclosure Tag

Having a loan go into delinquent status can have serious consequences. At first you may just receive a few annoying phone calls from the lender, but if the issue is not quickly addressed it will not be long before the account is turned over to a collection agency for action. Once a loan is placed with a collector you can expect the number and frequency of collection calls to increase and...

If you are one payment behind on your mortgage, chances are you will not be given notice of a foreclosure tomorrow. But if you are several months behind it is likely your loan is up for foreclosure review at this very moment. The rule is that your lender cannot start a foreclosure until you are at least 120 days past due, but what happens after that is fair game. The Consumer Finance...

In today’s economic world it is not unheard of to be laid off, have trouble finding a job, or be forced to take a job at a low salary. When these things happen, paying the bills on time becomes difficult if not impossible. If you do not pay your bills as they become due, the natural outcome is that the loan will go into default and the lender will try to collect what is due or take back the...

Investing in a home is an important life step to take, and it is not one that everyone takes during their lifetime. Whether for financial reasons or because of personal choice, some people choose to rent an apartment or house instead of agreeing to a thirty year mortgage payment. But a lease agreement is similar to a mortgage in that if the payments are not made you can find yourself out of a...

The economy has taken more than one hit in recent years, which has left a lot of people without work. Without a steady income it can be hard to make ends meet, and sooner or later you will find yourself unable to pay all of your bills as they become due. If the bill you are not able to pay is your house payment though, you stand the chance of having a foreclosure filed and losing your home....

Your home is your largest investment, and it is where you go to relax and unwind from a long day, or to host parties with friends and family. Your home is also your biggest expense and for most people on tight budgets, staying in their home is priority number one when financial trouble hits. Knowing what to do in the event of a foreclosure will help you to keep your home, and will also help...

Receiving notice that the bank is seeking to foreclose your mortgage can raise what seems like a million questions in your mind. You might first be wondering if you should try and catch up the past due payments, or if you should try to get your lender to modify the terms of your note and mortgage to something you can afford. It is also common for those facing foreclosure to consider filing...

When the economy takes a turn for the worse, panic can quickly set in for the public. News reports of the falling value of the dollar, houses sitting on the market for too long or going in to foreclosure, and a high unemployment rate tend to make people tighten their purse strings and ride out the storm. In a poor economy, many people find themselves without work and may have to resort to...

People file for bankruptcy for personal, and different reasons. Ever case is unique, and your needs are not the same as your neighbor’s needs. That said, there are some common causes of bankruptcy, and if you are unable to meet your monthly obligations as they become due, you should consider filing for the protection bankruptcy offers. Three of the more common, or best, reasons to file for...

Your home is your most valuable asset, and it is also where you greet your family at the end of the day and lay your head at night. For many people faced with overwhelming debt, keeping their home is the number one priority. However, if you have been unable to make your mortgage payments, you stand a very real chance of losing your home to foreclosure. But, there are options and they should...