Homeownership is the dream of many Americans. Unfortunately, economic downturns and inflated home prices have put families across the U.S. in the troubling position of having mortgages they cannot keep up with. The prospect of losing a home is devastating. When you are already under financial stress, it can all seem like too much to […]

A foreclosure sale of your home is devastating. On top of financial difficulties, the loss of a home is most likely one of the toughest blows to take. Unfortunately, foreclosure sales do happen. Lenders sell off foreclosed upon property in order to try and recover some or all of the money that is owed on […]

Most people who buy a house signed a mortgage with a lender. The signed mortgage document grants the lender the authority to sell the property, should you fail to make the required payments on the loan. The process of selling the property is referred to as “foreclosure.” Upon the sale of the property, the lender […]

To purchase your home, you likely signed a mortgage with the lender that granted them the right to sell your property through foreclosure should you fail to make loan payments. The lender would then use the proceeds from the sale to pay off your outstanding debt. About half of the states require that the lender […]