Mortgage payments, maintenance fees, and assessments can add up if you own a timeshare. Not meeting your financial obligations can put you at risk of foreclosure. You could then lose the property, impose hardship on other owners, and disservice guests and those who you rent the property out to. It can also subject you to […]
Foreclosure Article Archives
How Long Does Foreclosure Take?
Foreclosure, the process of your mortgage lender repossessing your home, sounds scary and can leave you lying wide awake at night if you’ve missed a couple of house payments. However, the reality is that this process happens slowly and the lender will usually offer a number of ways that a homeowner can redeem their loan […]
After Foreclosure Deficiency Judgments
Once you sell your property in a foreclosure auction, there’s no guarantee that the amount your property sells for is going to completely cover the amount you still owe on your mortgage. In these instances, mortgage lenders are often able to obtain a deficiency judgment and sue for the outstanding balance, leaving many people in a […]