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Foreclosure & Loss Mitigation
Get information and resources to help you understand the foreclosure process and explore options for avoiding foreclosure. Learn about loan modification, short sales, deed in lieu of foreclosure, and other strategies to save your home or mitigate financial loss.
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Discussions
My experience handing the house back to the bank - anyone else been there?
Had to go through the whole deed in lieu process last year, and honestly, it wasn't as bad as I expected. I mean, yeah, paperwork was a pain…
Little-known ways to boost your chances for loan adjustments
Just wanted to share something I learned recently when my cousin was struggling with mortgage payments. Turns out, if you document your financial hardship really clearly and show…
Navigating the Maze of Housing Counseling - Anyone Been Through This?
I recently had to go through this whole housing counseling thing for my mortgage application, and honestly, it felt like jumping through hoops. Like, paperwork everywhere, waiting around,…
Handing over the keys: when walking away from your home gets complicated
My cousin just told me he's thinking about handing his house back to the bank instead of foreclosure. Sounds simple, but I can't help imagining a messy scenario…
Facing foreclosure soon, any tips to turn things around?
Hey guys, I'm kinda freaking out right now...got a notice that foreclosure might be coming my way soon. I've heard there's ways to slow it down or maybe…
My experience with housing counseling services - worth it or nah?
I recently went through one of those housing counseling programs that are supposed to help you figure out home buying and mortgages and stuff. Honestly, I was skeptical…
Handing over the keys: a homeowner's tough choice
Last night I was thinking about this scenario... imagine you're a homeowner who's hit some rough patches financially, and you're faced with the decision of handing your house…
Need some advice - bank sent foreclosure notice, now what?
Got a pretty stressful letter today from my bank about falling behind on mortgage payments. Honestly, I knew things were tight but didn't think it had gotten this…
Navigating the messiness of short sales - my quick tip
I've been dealing with a short sale recently, and man, it can get complicated real fast. One thing I've found helpful is getting the lender's approval in writing…
HOW TO NAVIGATE THE LEGAL SIDE IF YOUR HOME'S GETTING FORECLOSED
Went through this myself last year, and man, it was a headache. First thing I did was gather all the paperwork - mortgage docs, payment history, notices from…
