My Blog
There are No Stupid…
Foreclosure can be a pretty difficult concept to grasp. There are people and resources out there offering foreclosure services, but sometimes you have questions that you just don't know how to ask. Well, I'm going to tackle a few questions about foreclosure that we're all thinking but too ashamed to ask. (more…)
Tracy Brown
An (Almost) Foreclosure Story
This post is going to be a little different. I'm going to make it personal and pull at your heart strings a little. Hopefully by the end of this you realize that foreclosures happen to average, everyday, hardworking people. I also want you to understand that there is help available. Even if you do happen to lose your home due to foreclosure, its not the end of the world, you can recover. (more…)
Foreclosure: Looking out for…
Alright so let's say your home has entered the foreclosure process (If you're not sure what this is no worries, we've got you covered in a previous post). Of course you want to stop the foreclosure dead in its tracks. There are lots of resources available to help you do so but there are also plenty of scammers out there. So today we're here to teach you the 5 common claims made by foreclosure scammers and why you should care. (more…)
Foreclosure: Understanding the Basics
In a previous post we outlined the affects of foreclosure. That post was written under the assumption that you understand what a foreclosure is. Today we're going to tell you 5 things you need to know about the foreclosure process and why you should care. (more…)
“Skipping” Mortgage Payments, Forbearances…
COVID-19 has adjusted the financial situation of households across the world. If you've been keeping up with federal legislation being passed in response to COVID-19 you’ve probably heard phrases like CARES Act or Mortgage Forbearance being thrown around. So, we're here to tell you 5 things about forbearances and why you should care. (more…)
Frequently Asked Questions
I’ve missed a few mortgage payments, what will happen? Your home may undergo the foreclosure process, but there are ways for you to prevent this from happening. What should I do once I’m behind on my mortgage payments? Don’t wait, get help early! By actively working to resolve the issue as soon as possible, you greatly increase your chances of avoiding the loss of your home through foreclosure. If you even see the possibility of missing a payment, contact your lender and explain your financial situation. This act of initial contact, before letters of delinquency arrive, will help your lender understand that you are facing issues that impede your payments, providing your lender an incentive to find a proper “work- out” resolution, or to begin modifications to your loan. What is a “work-out” resolution? Commonly, the term “work-out” resolution is an agreement where you continue making payments on your past
read more
The Effects Of A…
These days more homeowners are facing a tough decision about whether a foreclosure is the only option they have left. Deciding to foreclose on your home will have implications on your family and your credit for the rest of your life. When a homeowner can no longer make payments to a lender for a home, the lender may repossess a home in the process of foreclosure, usually with the purpose of reselling it, to recover the amount owed on the defaulted home. Homeowners facing foreclosure proceedings will face lasting implications. A few of the effects of foreclosure are: Your credit scores will be significantly lowered, sometimes by more than 300 points. This is the single most devastating mark on your credit report and will affect all of your future credit possibilities. A foreclosure listed on a credit report is nearly impossible to have repaired and will most likely remain a
read more
What’s The Difference Between…
Below are a few comparisons between short sales and foreclosures for a better understanding of why short sales are a better option for most homeowners. While a short sale is a complicated process, the outcome is worth it in the end! (more…)