by Sara Driscoll
July 17, 2011
Distressed
Are you wondering what a homeowner should expect when payments are missed? The most important thing to know is no matter what stage of default a homeowner is in, there are many ways to avoid foreclosure. The quicker a homeowner takes action, the greater their chance of resolving the situation. First, know what to expect. While timelines vary according to lender policies, this is typical of what happens when payments are missed:
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by Sara Driscoll
March 9, 2011
Distressed
If you are considering whether to “strategically default” on your mortgage, be sure to look into all of your options. 36% of Americans surveyed think that walking away is a viable solution when they owe more on their home than it is worth. One in four American homeowners is “underwater”, so you are not alone.
In a “strategic default”, homeowners simply stop paying their mortgage when they owe more than the home is worth. They just walk away, not understanding that the inevitable foreclosure carries consequences they haven’t considered. Request our special report and design a strategy to protect your financial future.
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