• These misuses are so common that you need to know them in order to know what the people around you are talking about! I'm in foreclosure. Lenders don't foreclose on people, they foreclose on homes.…   Read the Article

  • No one wants to hear the F word, but in today's market, everyone is talking about it. What exactly is foreclosure and how does it affect you? We break down what you need to know about the…   Read the Article

  • Ask homeowners who have lost their homes to foreclosure and a surprisingly large number complain that they were unaware of important mortgage features when they signed on the dotted line. Whether you…   Read the Article

  • Many buyers associate buying a foreclosure with getting a steal of a deal. This can be true, but there are also potential pitfalls. The pros and cons of buying a home involved in foreclosure vary…   Read the Article

  • Foreclosure is far from the worst thing that could ever happen to you. If your home ends up in foreclosure, chances are there are lots of things you should thank your lucky stars for: your family,…   Read the Article

  • There are many flavors of compromise you can strike with your lender if you are facing foreclosure. One of the toughest to execute is the short sale. What Is a “Short Sale”? The title “short…   Read the Article

  • If you have missed more than three mortgage payments, or your lender has filed a Notice of Default (NOD), you might think the loss of your home is inevitable. Even at this stage, there are five…   Read the Article

  • For parents, buying a home off campus for their kids to live in can be a very pragmatic business decision. Investing in college-town real estate can also make sense for alumni or other investors looking for a property that generates a steady cash flow in a location they love — if they're willing to put up with the heightened potential for property damage, continuous repairs and occasional evictions from student tenants who don't feel responsible for taking care of the property.

    When foreclosure looms, many homeowners try to sell their homes. For them, the goal is not just to get the home sold, but to do it quickly. Foreclosure rates are the highest in buyer’s markets, when…   Read the Article

  • Why would an impersonal institution -- a mortgage bank -- want to compromise with a homeowner who is behind on his payments? Well, some banks have more of a “compassionate personality” than others,…   Read the Article

  • If you have missed fewer than three mortgage payments or are anticipating that you might have to miss them in a month or so because of life circumstances, put your smarts in action and implement this…   Read the Article