When the unexpected happens, like a debilitating illness, the loss of a job, or divorce, the burden to care for yourself and your family can become so great that your financial obligations have to take a back seat. Sometimes that includes making the mortgage payments on time, if you’re able
If you’ve missed a mortgage payment or two and are concerned that the bank may foreclose on your home, take heart. There are things you can do to avoid foreclosure. No one wants a home foreclosure—neither you nor your lenders. Your lender wants payment, not a house. They may be
Facing foreclosure in California is one of the most stressful financial situations a homeowner can encounter. With the high cost of living and expensive real estate, it’s natural to worry about how quickly things can spiral out of control. If you’ve fallen behind on your mortgage payments, you’re probably asking
As a California homeowner, falling behind on bills and facing potential bankruptcy can feel overwhelming. The biggest concern for many is whether they will lose their home in the process. Do you lose your house if you file bankruptcy? It’s a valid and scary question, but the answer depends on
If you’re facing a foreclosure, rest assured, you have options to stop it before it’s too late. In this article, we’ll highlight the foreclosure timeline and a few ways you can stop a foreclosure sale without ruining your credit or further adding debt to your plate. Let’s dive in! Understanding
The Federal Housing Administration (FHA) is a government program that offers loans to borrowers who are looking to buy a home. There are some perks of obtaining an FHA loan vs a conventional loan, like being able to come in with a much lower down payment or getting away with
Are you a California homeowner who is struggling to make your mortgage payments? Are you worried about foreclosure? If so, you’re not alone. Every day, thousands of homeowners find themselves in the same situation. We know; we talk to and help so many of them all the time. The reality
Your lender has been sending you regular “reminders” of your overdue mortgage payments and probably has even warned you that this was coming. But it can still be a shock when a notice of default arrives in the mail. It makes your financial problem official. But now is not the
You may not want your bank to know that you’re facing financial difficulties. It’s the kind of conversation that we all would prefer to avoid. But that is the first thing you should do when you realize there is potential trouble with your mortgage payments ahead. Believe it or not,
Some problems have a snowball effect. Maybe you lost your job and, even if you were only unemployed for a short time, now you are having trouble paying your bills. Your mortgage is the biggest concern because you have a lot riding on it—your home, for one, and your credit
