To better understand the foreclosure process, keep in mind the timeline and foreclosure procedure that is set by law in your state. This chart breaks down the details and gives homeowners facing foreclosure an overview of the foreclosure laws and process by state.
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Restrictions on Collections Activities
It is important for homeowners to understand that they are protected by the law whenever they are facing any type of collection activity, including late or back payments on their mortgage. The two federal laws that pertain to these situations are the Fair Debt Collection Practices [...] Continue Reading…
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If you are facing foreclosure, don’t feel that your fate is locked in to losing your home. There are options which can help you save your home, but you must act quickly as most of them are time sensitive.
The best option for you depends on your specific situation. For [...] Continue Reading…
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A loan modification can help a homeowner permanently change one or more of the terms on the mortgage to make the monthly payments more manageable. This can include lowering the interest rate, increasing the term of the loan or adding missed payments to the loan balance.
The loan modification process [...] Continue Reading…
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