This is an extreme example and there are many steps that you can take to avoid reaching this scenario. The first move is always to contact the lender. Most legitimate loan providers want borrowers to repay their debt to avoid costly court proceedings. This means that your lender could agree ...
An absolute auction is different from a lender confirmation auction, in which the lender must approve the bid in order to complete the transaction. In real estate, if a foreclosure is sold at a lender confirmation auction, the highest bidder does not necessarily win. The individual with the wi...
The crypto-friendly bank SilvergateannouncedFidelity Digital Assetsas a custodian for its collateralized lending service, SEN Leverage. The bank has been looking to further build out the service, which utilizes its payments platform to deliver U.S. dollar loans collateralized by bitcoin. During...
A single-use reverse mortgage can help pay property taxes, maintenance and upkeep of the home, home insurance premiums, or common payments that fall within the lender’s interest. Other types of reverse mortgages are less restrictive but more costly; however, single-purpose loans are also harder...
How Debt Affects Your Mental Health and Ways to Cope: Paying off debt can be a long-term endeavor if you have steep high-interest balances. But it’s important to keep things in perspective and take care of your health. What Is Auto Loan Refinancing?: Understand how refinancing your auto...
1. Provide a hardship letter The first step of the short sale process is negotiating the sale with your mortgage lender or servicer. Write a hardship letter explaining that you’ve come up against a legitimate financial hardship that prevents you from continuing to pay your mortgage. This might...
Legitimate debt collectors will send you a debt validation letter within five days of first contact. By law, collection agencies are prohibited from harassing or deceiving consumers. Select the debt repayment option that works best for you and your budget. ...
Microloans, by contrast, are a legitimate funding option. They offer these pluses: Supporting Growth:Microloan lenders provide smaller loans to startups and small businesses to help them grow. Reasonable Rates:While interest rates might be higher than traditional loans, they are significantly lower...
That said, selling to a house flipper can sell your house quickly and alleviate the burden of repairs and upgrades, which may represent significant cost and stress savings for you. How Much Do House-Buying Companies Pay and Are They Legitimate? Learn more 9 Top Companies that Buy Houses ...