There is no question that owning a house is a huge responsibility, from paying the mortgage to knowing how much the property is worth, all the way to routine repair/maintenance and keeping track of the housing market. First-time homeowners, often Millennials (born 1982-1995), are urged to review all the basics of homeownership and the housing
Planning to Buy a Foreclosure? Here is what you need to Know
October 17, 2019 by
Buying a foreclosed house is one of the greatest deals you’ll ever accomplish. However, as with many other things in life, it does come with its fair share of upsides and downsides. Understanding the process and its intricacies are, therefore, the best things to ensure you get the most value when buying a foreclosure. To help
What To Expect When Facing A Foreclosure
September 24, 2019 by
Dealing with a foreclosure can be a daunting experience for someone who is in serious trouble with their mortgage. The entire process can be extremely scary, especially if you’re unsure of what to do. However, getting a Notice of Delinquency doesn’t mean you’re going to leave your home anytime soon. The first thing you should
Foreclosure crisis still impacts black and Hispanic communities
May 1, 2019 by
Millions of homeowners across the country lost their homes in the foreclosure crisis, missing out on the opportunity to regain and grow their net wealth as the housing market recovered. But in black and Hispanic communities, the foreclosure crisis hit especially hard, and homes in those areas have yet to fully recover, according to a
Fannie Mae & Freddie Mac announce foreclosure moratorium for Xmas
December 13, 2018 by
Fannie Mae and Freddie Mac, the government sponsored mortgage servicing giants, have both announced a nationwide suspension of eviction lockouts on foreclosed homes for the duration of the Christmas and New Year holidays. The moratorium on foreclosures will run from December 17 to January 2, and will apply to any foreclosed occupied home that’s owned
Wells Fargo admits it wrongly foreclosed on over 500 homeowners
November 9, 2018 by
Wells Fargo has admitted that a calculation error led to it foreclosing on hundreds of homeowners that were actually eligible for assistance from the bank. In total, some 545 homeowners who were behind on their mortgages had their homes taken from them after requesting assistance with their late payments. Moreover, a total of 870 homeowners
Buying a foreclosure as your first home?
October 9, 2018 by
Let me start by saying that considering any money saving options when purchasing a home is smart. I would always advise that first time buyers do plenty of research before settling on buying a foreclosure. Buying a foreclosed home may seem like a great deal at first glance. After all, how could an incredibly low
Prove Unlawful Foreclosure Statute Of Limitations And Keep Your Home
June 22, 2018 by
If a mortgage holder delays too long to bring a foreclosure action, the homeowner often may keep the foreclosure from happening — it all depends on what the state of residence says about the statute of limitations (SOL).
Mortgage or Deed of Trust?
May 14, 2018 by
When real estate purchasers apply for a loan, they call it a mortgage. In about 35 of the states, a mortgage is what they will sign at closing.
Wave of foreclosures could hit Puerto Rico
January 31, 2018 by
Puerto Rico could be hit with a fresh wave of foreclosures as a three-month moratorium on repayments that followed the devastation of Hurricane Maria comes to an end.
