The ongoing global pandemic has created tough financial situations for many American families with job loss, illness, and restructuring of companies across the U.S. When large numbers of jobs are lost, large numbers of foreclosures tend to follow. Currently, there are safety nets like the CARES Act in place [...]
Anyone can fall on hard times. Most Americans make healthy financial decisions including regularly paying their mortgage, but bad luck or circumstance can make these basic tasks difficult. What do you do when you can’t pay your mortgage? The last thing you want is for your credit to turn [...]
How to Avoid a Deficiency Judgment in Foreclosure A lot of bad words begin with the letter F, and we’re not talking about the one you’re thinking of. In the real estate world that bad word is foreclosure. Foreclosure is difficult on property owners, lenders, real estate agents, [...]
What to Know About COVID Related Forbearance The COVID-19 pandemic has turned the world and the real estate industry on its head. Many Americans have been laid off, furloughed, or otherwise aren’t making the same income they did before the pandemic started. Unfortunately, this means many homeowners are [...]
What is Forbearance? We all go through tough times that can upend our daily lives. Accidents, layoffs, and other unexpected events like global pandemics can pop up out of nowhere and leave us questioning how we’re going to pay bills like our mortgage. When temporary setbacks become inescapable, [...]
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