If you have struggled to pay your mortgage and are facing foreclosure, you may be wondering if you have any other options. This may make you more susceptible to those offering a way out. Although these individuals or companies may seem to have your best interest in...
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Foreclosure
What should you know about short sales?
Short sales provide a potential way to prevent yourself from going into foreclosure if you cannot currently pay your mortgage. A short sale lets you sell your home for less than the outstanding balance of your mortgage. On the plus side, it releases the lien from your...
Alternatives to a short sale
In a financial crisis, a short sale might seem like your only option. However, many times you have better pathways to improving your economic situation. In general, you only want to consider a short sale if you only face mortgage payments. People who experience debt...
What do you know about foreclosure scams?
While going through hard financial times, you may try anything to dig yourself out of a quagmire. If you face foreclosure, do you know how criminals could try to take advantage of you? The National Foundation for Credit Counseling explores foreclosure scams. Learn the...
How long may it take to foreclose on a property in New Jersey?
As outlined by the Consumer Financial Protection Bureau, federal law prohibits mortgage lenders from initiating a foreclosure unless you failed to make a payment for at least 120 days. As noted by the National Consumer Law Center, however, new and possibly short-term...
Is bankruptcy the only way to avoid foreclosure?
Owning a home is a milestone for many Americans. Unfortunately, there may come a time when you are unable to make your mortgage payments on your home. From losing an income to suffering an injury, outside influences may result in your inability to make ends meet. If...
What are the issues with short sales?
If you find yourself unable to pay your mortgage, you may be looking for ways to prevent foreclosure. One way to do so is selling your home through a short sale. This type of sale allows you to accept an offer for less than your mortgage’s outstanding balance. While...
How can you avoid being evicted after a foreclosure?
After losing your home to overwhelming debt or unfortunate circumstances, the last thing you want to worry about is being evicted. There are many ways to stop the process of eviction if you find yourself struggling to cope. Initial events Many evictions happen once...
Do not let predatory lenders force you out of your home
In the shadow of the infamous subprime mortgage lending crisis, it is easy for New Jersey home buyers and refinancers to believe that they are safe from unethical lending practices. However, we know that predatory lenders are still out there, and believing that you...
