To prevent foreclosure you should pay your mortgage on time and in full every month. Preventing foreclosure should be a high priority because losing your home hurts your credit. There are steps you can follow to prevent foreclosure.
Last month I blogged about the National Foundation for Credit Counseling's Mortgage Reality Check. They've released the latest results. Things are no...
Can't pay your bills? Call the government. It'll take care of you. Treasury Secretary Henry Paulson and Housing and Urban Development Secretary Alpho...
This morning, the IRS finally issued guidance on how homeowners who completed a short sale, and had their mortgage debt forgiven by lenders, can file ...
A woman getting divorced says her ex-husband is buying her share of their home through a quit claim deed and will refinance the home. Ilyce advises her to put the quit claim deed in trust until she gets the money from her ex-husband. Otherwise, the woman may not see the cash after handing over the quit claim deed and having her husband buy her share of the property.
No one should ever sign his or her name to a mortgage loan or any other legal document without understanding exactly what the document says and what the transaction is all about. Mortgage documents can run several dozen pages, but by initialing each page, you're certifying that you have read and understand what each page says.
This week on the Ilyce Glink Show, Ilyce talked about what spooked the stock market, sending it down 4.4 percent this week. She also talked about how mortgage companies are rating counties for risk and requiring significantly higher down payments (in addition to credit scores). She also recapped the new stimulus package signed into law and discussed who would be getting a check, and for how much. She took calls on refinancing, investment properties, how to calculate retirement income, selling vacant homes, and tax issues. For more details, click on the show to listen to it, and don't forget to subscribe to Ilyce's new all-video site, www.expertrealestatetips.net.
Many homeowners who struggle to make payments don't realize by calling their mortgage lender they may be able to avoid the foreclosure process. Contact HUD or your lender to learn about the foreclosure process and what you can do to avoid foreclosure if you can't make the payments. You may be able to avert the foreclosure process altogether if you speak with your mortgage lender and explain why you missed your mortgage payment.
A landowner who owns one twelfth of a property wants to sell. The landowner says his co-owners will not buy him out. The landowner wants to know his options for getting out of the property.
Did you know it's illegal to ask borrowers to pay a fee before getting a loan? Chicago's Better Business Bureau just warned consumers about a scam wh...
