Homeowners who have failed, for one reason or another, to maintain the payment obligations of their loans, and are found in default on their loans, have a number of options available to them to stop the foreclosure process.
Bring the loan current
The best possible resolution for homeowners in default, is to reinstate the loan by bringing payments current, and paying all... [Read more...]
The Effects on Homeowners & Renters
A borrower that becomes delinquent on their mortgage, completes a short sale, gives the property back using a deed-in-lieu, or is foreclosed upon, will have their credit negatively impacted.
Negative impact on a credit report is generally limited to 7 years.
Current guidelines allow qualification for Federal National... [Read more...]
Since the first time someone staked a claim on a plot of land, real estate has been an attractive option for investors. Whether used as a hedge against inflation through appreciation or a source of positive cash flow through rentals, real estate presents opportunities for investors in the full spectrum of risk tolerance.
Foreclosures offer an added advantage, the possibility... [Read more...]