Faced with looming debt due to illness, job loss or a skyrocketing mortgage payment after an adjustable rate mortgage resets, many homeowners are considering short selling their home. This is when you are “upside down” on your mortgage – meaning you owe more than the home is worth – and trying to sell it anyway.…
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Jan
25
Considering Bankruptcy
Over your head in debt and considering bankruptcy? Even if you are swimming in unpaid bills and your creditors have your phone number on speed dial, filing for bankruptcy should only be considered as a last ditch effort. The decision to file for bankruptcy is a highly personal one, based on your particular financial situation.…
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Jan
19
Foreclosure Facts
The thought of losing your home because you are unable to make your mortgage payments is terrifying and unpleasant to even contemplate, but the worst thing you can do is to ignore this possibility.
The most important step to take is to contact your lender immediately. The longer you wait to do so, the more your options diminish. (more)
