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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
Need advice on dealing with foreclosure legal stuff
Last year, my cousin went through a pretty rough foreclosure situation and honestly, it was a mess. He tried handling it himself at first, thinking he could save…
Facing foreclosure? Here's a tip that helped me big time
A couple years back, my cousin was struggling with foreclosure and honestly, it was pretty rough. But one thing that really helped was reaching out to local housing…
Mortgage lender offering their own loan adjustments now?
Saw a quick news segment yesterday about some mortgage companies starting to offer their own internal loan modifications instead of going through the usual government programs. Seems kinda…
Facing foreclosure? Here's a little trick I learned...
When things got tight for me, I found out you can sometimes negotiate directly with your lender to adjust payments or even pause them temporarily. Saved me big…
Loan refinance vs. modification - which worked better for you?
Been dealing with some mortgage headaches lately and could really use some advice. A while back I looked into refinancing my mortgage, but the closing costs were kinda…
Handing house back to bank or toughing it out - what hurts credit less?
I'm kinda stuck between handing my house back to the bank (deed in lieu) or just trying to ride out the storm and risk foreclosure. Anyone been through…
WHAT'S YOUR TAKE ON BANKS TAKING HOMES BACK?
Been reading up lately on how banks handle taking back homes when folks can't keep up with payments...kinda messy stuff. Curious, if you had trouble paying your mortgage,…
Getting smarter about housing finances - my quick tip
Honestly, I never knew housing counselors existed until recently. They seriously helped me figure out budgeting for my first home purchase. Um, anyone got other handy tips or…
Ever considered declaring yourself financially tapped out?
Hey, curious how people feel about declaring bankruptcy. Quick poll: if you were drowning in debt, would you tough it out or just hit reset with bankruptcy? Feels…
MAKING SURE YOU DIDN'T MISS ANYTHING BEFORE DECIDING
Whenever I'm about to make a big decision, I usually jot down a quick list of pros and cons, then chat with a friend or two. Um, sometimes…
