by designonetest | Oct 26, 2022 | Blog, Real Estate Law-old
Foreclosures are highly regulated and controlled procedures. The basic steps are the same nationally, however, details and timelines may vary from state to state. For example, some states may allow the homeowner a Right of Redemption. Typically reserved for...
by designonetest | Oct 26, 2022 | Blog, Real Estate Law-old
The Consumer Financial Protection Bureau mentions another option for avoiding foreclosure. In a deed-in-lieu of foreclosure the homeowner and mortgage lender mutually agree to exchange the deed to the home to the lender, who then drops foreclosure proceedings. By...
by designonetest | Oct 26, 2022 | Blog, Real Estate Law-old
There are many steps homeowners can take and resources they can tap into to prevent a foreclosure situation. Not only does foreclosure mean the loss of the home and relocation, but it also has significantly damaging impacts on credit histories and scores, which can...
by designonetest | Oct 26, 2022 | Blog, Real Estate Law-old
There are two primary types of foreclosure in the United States. The type of foreclosure filed will depend on the terms of your mortgage contract and the relevant laws of your state. Most foreclosures will be either a Judicial Foreclosure or Non-Judicial Foreclosure....
by designonetest | Oct 26, 2022 | Blog, Real Estate Law-old
Homeownership is a big part of the American dream. A safe place to shelter after a long day of work, a place to rest, entertain, and maybe even raise a family. In 2021, 6.12M homes were sold, according to the National Association of Realtors. Millions of individuals...
by designonetest | Oct 26, 2022 | Blog, Real Estate Law-old
There are three main consequences of a short sale. Each can have long-term financial and legal consequences and must be considered carefully before entering into a short sale as a solution to missed mortgage payments. Failure to Secure a Deficiency Waiver As mentioned...
