Forbearance is an olive branch offered by a lender to delay collecting a debt. Often, it’s a short period of time and comes with an increased cost for the borrower. A mortgage forbearance agreement offers this brief respite for homeowners who meet financial hardship. These agreements are a grace period to help you get your …
Owning a home is the dream of every American, marking a significant milestone in their lives. Unfortunately, owning a multi-million-dollar property is not a simple affair. Shared ownership, also known as equity sharing, is an opportunity that makes the dream a reality. Statistics in Florida show that on overwhelming 96 percent of the applicants for equity …
What Every Homeowner Needs to Know About Equity Sharing Read More »
You’ve run into some serious financial trouble lately, but you don’t want to have to sell your house as a result. Still, you know that no matter how hard you try, you just won’t be able to make your mortgage payment this month. So, can you defer a mortgage payment? While the short answer is “yes,” you’ll need to …
A Homeowner’s Guide to Deferring Your Mortgage Payments Read More »
As a direct result of the subprime mortgage crisis that started in 2008, 11% of American homes are currently empty. Exacerbating this problem is the fact that mortgage lenders are handing out less and less of their money. Meaning that there are fewer Americans able to buy homes than there are homes available. If you need …
The Definitive Guide to Selling a Home with a Lease Option Read More »
Are you struggling to make ends meet? Around 40 million Americans live in housing they can’t afford, and many are unable to make their mortgage repayments. If you are one of them, the Home Affordable Modification Program may be able to help you. This government initiative reduces your payments and extends the term of your mortgage, bringing …
11 Facts You Need to Know About the HAMP Program Read More »
Are you currently struggling to make monthly mortgage payments on your home? If so, you’re certainly not alone. In fact, nearly 15% Americans than in the past say that they can’t currently afford to make payments on the homes they’re living in. Whether you’re looking to make a short sell on your home, refinance your loan, or …
10 Steps to Writing a Financial Hardship Letter to Your Mortgage Lender Read More »
By mid-2018, there were 362,275 U.S. foreclosure filings in the United States. While this was down 15% from the same time in 2017, that’s still a discouraging number of Americans losing their homes. Millions of Americans will lose their homes within the next few years. If you are having difficulty with your mortgage payments, take some time …
Help, I Need to Know How to Avoid Foreclosure! What Can I Do? Read More »
Losing a close family member is disheartening. Discovering you’ve inherited something special from them can leave you with muddled emotions In most cases, you’re left with a home. Inheriting a house is not an elementary process. You can’t straightway pack up and move in. Selling it right away can’t happen either without going through certain …
I’m Inheriting a House, What Can I Expect to Happen? Read More »
It’s a seller’s market right now. Demand is high and inventory is low, and as a result, housing prices jumped 7.1{f5b803b3ff349ad072c7061546ce6e083822d9eb1c075da9c628d64f032e5ca9} in the last year. But what does that mean if you’re looking to buy? Short sales may be an option for you. We’ll explain everything you need to know about short sales and give you 10 …
10 Things You Need to Know About Buying a Short Sale Home Read More »
