If you engage in a short sale or your mortgage lender forecloses on your home, there are some important tax implications that you'll want to consider.
you can pay the amount specified in the Notice of Default, you can stop the foreclosure process. The exact amount of time you have depends on your state. During preforeclosure, you might also have the option to sell your home and pay back the money owed — a process called ashort sale...
Learn how foreclosure laws work in Texas (the procedures and process), what can be done to stop it, and when it is unlawful. Find out how to defend your rights and property as a homeowner here.
How Do You Remove a Lien from Your Property? Can You Have a Lien on Other Types of Property? Do I Need a Lawyer for a Lien on My Property? What Happens When There Is a Lien On My Property? How Do I Find Out If My Property Has a Lien? Before a lien can be placed on a prope...
"How can I make more money in real estate?" many people ask. here is an easy, simple rule, that when placed in front of him, not even a child could go wrong. Just ask yourself one question. If your answer is "Yes," you are on the wrong track, and you will never make much pr...
When a Foreclosure Can Start Sooner However, under some limited circumstances, the process might start sooner.The 120-day rule doesn't apply in the following situations. If the reason for the foreclosure is that you violated adue-on-sale clause. Many, if not most, loan contracts contain a ...
Should I Start an LLC for My Real Estate Business? There are several reasons for starting a Limited Liability Company (LLC) which can be beneficial when starting a Real Estate Business. LLCs are both easy to start and to maintain — making them ideal for both new and experienced business ...
Zillow can help you findcreative ways to save upandestimate your down payment. Zillow Home Loans, NMLS # 10287. Equal Housing Lender Get pre-qualified Related Articles Financing How to Save Money on a Mortgage Financing Who Owns the Home When Two Names are on the Mortgage?
A pre-foreclosure home that a borrower puts up for sale is typically referred to as ashort sale. The sale can be a private transaction between the homeowner and the buyer, but the buyer’s offer usually must be approved by the bank before the sale can be finalized. The purchase price ma...
Home equity debt can also be a good way to invest in the future. The key is to make sure that you borrow at the lowest possible interest rate—and keep in mind that borrowers who do not repay these loans can lose their homes in foreclosure. ...