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If the homeowner does not take action to fix the default, then a notice of sale will be posted at the courthouse. The law regulates that the notice must be issued at the minimum of twenty one days in advance of the auction. More...
Filing Bankruptcy To Keep From Foreclosure
 The financial squeeze left millions of Americans falling behind on mortgage payment. Foreclosure breaks the new records in the last two decade. Many Americans are facing the question: “Is it better to file for bankruptcy protection or loose my home to foreclosure? Neither option is going to be easy. More..
How Can I Stop Foreclosure ?
A foreclosure is the most terrible experience a homeowner can encounter. Foreclosure can be defined as a legal process using which lenders acquire the home of a borrower who has defaulted with his monthly payments. More...
Difference Between Bankruptcy and Foreclosure
 Bankruptcy refers to inability of an individual or organizations to pay their lenders or creditors. In most situations, debtor will voluntary initiate bankruptcy, due to impairment of ability to pay back the debt, but in some circumstances creditor may file a bankruptcy petition against a debtor. More...
Government Loans To Help Stop Foreclosures
Are you of many Americans who struggle with mortgage payment and foreclosure? If so, don’t feel despair. Uncle Sam can help. In response to housing crisis, the Federal Housing Administration offers financial relief with the FHA Secure Refinance Program. More... |
Everything You Need To Know About Foreclosure Process
In the past, the law gave automatic ownership of the property to the lender. Luckily, today, the numerous state laws and regulations develop over the year. Home borrowers are given time to pay off mortgages before their properties are taken away. More... |
Timeline for Foreclosure
Timeline for foreclosure can be different in each state. By law, the process of foreclosure technically begins when a borrower misses the first payment, but most lenders usually do not begin the process until 3rd payment is missed. Here is an example of foreclosure timeline. More... |
Recent State Foreclosure Laws
The foreclosure laws may vary somewhat from state to state, but the principal difference can be classified into two categories. States that use judicial foreclosures, and states that use More... |
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