If you're struggling to pay your mortgage, you might find some solace in knowing that you're not alone. Each day, countless homeowners face that same dilemma.
Residential foreclosure rates have generally dropped to below what they were prior to the recession a decade ago, and they are continuing to fall. However, the good news doesn't extend to all states, including New Jersey.
Many New Jersey residents suffered severe and in some cases irreparable damage to their homes during Hurricane Sandy in 2012. Nonetheless, many are still required to pay their mortgages even as they are working to rebuild their homes.
With the departure of President Obama, so goes his fledgling Home Affordable Modification Program. The much-maligned government program was an attempt to keep borrowers at risk of foreclosure in their homes.
Will this be your last holiday season you will spend in your home? Is foreclosure looming large and bearing down fast? If so, it's time to make some hard decisions.
If you are in danger of having no home for the holidays due to foreclosure on your property, you should know that it's not a foregone conclusion. There are steps you can take to keep from losing your house, but you need to take action.
Last week. we detailed how telephone scams can ensnare unwitting debtors into paying off debts for which they are not responsible. This week we will explore the different types of scams related to foreclosures. Scammers prey on those who are experiencing financial difficulties and are desperate for solutions.
Homeowners threatened with foreclosure sometimes try to arrange a short sale with a buyer to avoid having their homes being foreclosed upon.
Foreclosure. That's a scary word for homeowners. By the time those words get mentioned, the situation has gotten very serious. You can't afford to dither; you are teetering on the brink.
If you are afraid you are going to lose your home in a foreclosure, all is not lost. There may be a way to salvage the situation by taking advantage of one of several federal programs implemented by the Obama administration.