Posted by Evan Bedard on September 18, 2009 · Leave a Comment
Everyone is well aware of loan modifications and how they are the number one way for a homeowner to avoid foreclosure and stay in there home. But many homeowners looking for this kind of assistance find the process to be very difficult, frustrating, confusing, and just overall stressful on their daily lives. That’s why it is very important that before you begin this process you are armed with as much information as possible and present your case in a professional matter.
Below we will answer some of the most common questions homeowners have in regards to this process:
Q. What does a loan modification do? Read more
Posted by Evan Bedard on September 4, 2009 · Leave a Comment
Many homeowners are struggling paying all of their monthly expenses and are wondering to themselves “what will happen if I stop paying my monthly mortgage payments?”
First off before we begin, I must say that if you just stop paying your mortgage payments all together and do not try to resolve your mortgage struggles, your home will go into foreclosure. If your home forecloses, you will have to find another place for you and your family to reside.
The main factor as to how long and what type of process the foreclosure undergoes, will always depend on the state’s foreclosure laws. Different states will all pretty much choose there own way to foreclose, either it be done through the judicial or non-judicial process. Read more
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