'Financing' Category

A quick sale to a cash buyer can help you avoid the foreclosure and all the hassle involved with a foreclosure, if the property is worth more than the amount owed on your mortgage. Losing a job, medical bills and other life-altering occurrences can happen to anyone, causing homeowners to fall behind on loan payments. Each day that passes makes it harder to work out an agreement that you and your lender can live with. As time goes by, thousands of dollars in penalties and legal fees can be added to the balance you already owe. And extra interest is added every single day! [...] Read More

Another way to stop foreclosure is by working out a forbearance plan. A forbearance plan (also known as a workout plan) is an agreement a borrower makes with the foreclosing lender to repay the arrears or the amount of money the borrower is behind. It means you are allowed to delay or reduce payments for a short period, with the understanding that another option will be used at the close of that time to bring your account to a current status. If in agreement, you lender will then temporarily cease legal actions. Lenders may agree to combine your Forbearance with Reinstatement or a Repayment Plan if you know you can provide the needed funds to bring your account current by a specific date. This plan works for people who have just experienced income loss or a sudden living expense increase. [...] Read More

There are a lot of strategies out there for stopping foreclosure. And in my next posts I am going to show you 5 powerful strategies to stop foreclosure in 48 hours or less. As I have stated in my past posts, a foreclosure is what happens when you have gotten behind on your mortgage payments. But if you already have the money to meet your mortgage balance and also make up all of your back payments then you are able to stop the foreclosure. Again, the important thing that you have to do throughout this process is to stay in contact with your lender and to be honest with them about your current situation. [...] Read More

Financially, foreclosure is one of the most traumatic things that can happen to a family. Foreclosure is the forced sale of your home (or any other property) due to the fact that you no longer have the resources to pay for it. If you have a mortgage already or if you are looking into buying a new home and would like to avoid foreclosure, one of the best strategies is to get your finances in order. There are many homeowners who are facing foreclosure right now and they dread dealing with the facts that got them to that state. Looking back when they first bought the home, foreclosure was probably the furthest thing from their mind. [...] Read More

What is private money? It is one of your most valuable resources that is available all around you and most people aren't even aware of it. A very informal defintion of private money is simply money that an individual is willing to lend to you as an investment. These individuals can be anybody...family, friends, acquaintances, business associates, your barber, the old lady in the elevator, anybody with a home equity line of credit, etc. [...] Read More