There are all sorts of loans. Car loans, student loans, small business loans…the list goes on. But the one that individuals seek the most assistance with is a home loan. Falling behind on mortgage payments isn’t all that uncommon. Sadly, homeowners still feel a sense of shame when they default on their mortgage and tend […]
New Year. No Debt! Is Bankruptcy a Good New Year’s Resolution?
Consumer debt surpassed $4 trillion in December 2018, according to the Federal Reserve. This includes revolving credit card debt, which now stands at over $1 trillion.1 At the end of 2018 alone, more than $41 billion in outstanding credit card balances was added. And, according to data from Experian, the average American has a credit […]
Litigation Strategies in Foreclosure Cases
Once a property is in foreclosure, a homeowner’s options range from filing for bankruptcy to applying for a loan modification. There are also options when it comes to litigation. The foreclosure process is confusing and complicated to most people already facing financial hardship. Even if you apply for a loan modification, the bank may still […]
Will Filing For Bankruptcy Stop My Foreclosure?
Facing foreclosure can be one of the more troubling life events of adulthood, but it can happen to even the most financially savvy homeowners. ATTOM Data Solutions released its 2018 Foreclosure Market Report that shows bank repossessions, defaults and foreclosure filings are down 78% since the peak of the crash in 2010. Even though U.S. […]
Tips for Getting a Loan Modification
Paying the monthly mortgage bill can become difficult, depending on whatever financial situation arises. Lenders often provide the option to refinance a mortgage loan. Another option is loan modification. Rather than starting over with a new loan, this adjusts the original loan terms. Your lender can, therefore, help make the loan less of a burden. […]
5 Ways to Stop Foreclosure Immediately
The foreclosure process starts once you get a Notice of Default (NOD) from your lender. You’ve missed at least three mortgage payments, maybe more, so there seems to be no way to avoid losing your home. However, there are a few strategies that can set you on track. A foreclosure attorney near Los Angeles can […]
Affordable Ways to Catch up on Your Mortgage
There are many reasons homeowners fall behind on their mortgage payments. A job loss, decline in income, change in marital status, or medical emergency can strain your finances to the brink. Catching up on your mortgage loan may seem impossible, but it isn’t. Here are some affordable ways you can avoid the consequences of foreclosure. […]