known as foreclosure, you'll still have the chance to get caught up on payments or make other arrangements that allow you to keep your home. But, eventually, you may be evicted.
The scenario above is just one way late mortgage payments can end in foreclosure. Luckily, there are a number of ways you can stop foreclosure, though not all of them will allow you to keep your home. They include: –Refinance –Forbearance Plan –Partial Claim –Pre-Foreclosure Sale (also...
Like all things that come with a foreclosure, the eviction process can be messy and convoluted. Evictions can come in two forms:The first type of eviction is the one you’re probably more familiar with, where the bank issues a notice to vacate the property by a specific date. This may ...
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.
TaraNicholle NelsonBusinessinsider
How Do I Stop a Decree of Foreclosure and Sale? If you don't want to go through the process of a decree of foreclosure and sale, make sure you are up-to-date on your mortgage payments. This may not always be possible because of personal situations, family issues, job losses, or econ...
Be aware of the scheduled date of your sheriff's sale. This will give you an idea of how much time you have to save your home. Obtain written agreements from your bank if you re-negotiate a payment plan. Warning Never avoid lender attempts to reach you during the foreclosure process, es...
How to rebuild your credit after a foreclosure or short sale Foreclosing a home or going through the process of a short sale can be overwhelming. You're already trying to juggle your finances as it is, and now you're dealing with the aftermath to yourcredit score. While...
Foreclosure can be a nightmare for many homeowners in Denver, CO but its possible to avoid it with the guidance and expertise of a short sale specialist.
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...