Category Archives: Mortgage Foreclosure
Beware Of Risky Home Financing Alternatives
Numerous celebrities who began life as members of the 99 percent have remarked that, when they were living paycheck to paycheck, it took years of effort and strategizing to qualify for a loan to buy something they wanted or needed, but once they were rich, banks went out of their way to lend them… Read More »
Two Bad Reasons To Choose An Adjustable-Rate Mortgage And One Good One
Adjustable-rate mortgages have a bad reputation these days; many members of the new generation of first-time home buyers first heard of adjustable-rate mortgages in the context of the housing market crash of 2008, a financial crisis which cast a shadow over their youth. Blaming the entire financial crisis of 2008 on adjustable-rate mortgages is… Read More »
At What Point in the Foreclosure Process Can the Mortgage Lender Enter Your Home?
To you, your house is home, the place where you have cooked holiday meals and where your children have lived since they came home from the hospital as newborns. To the bank that issued your mortgage loan, though, your house is collateral. The real asset is the money they get from you when you… Read More »
Forbearance Rights for Tenants During the COVID-19 Emergency
Earlier this year, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides foreclosure and eviction relief to homeowners and tenants across the country. While this law does apply to those who own single-family residences whose properties were purchased with a federally backed loan, it’s also important to note that the… Read More »
How Long Does the Foreclosure Process Take?
In Pennsylvania, the foreclosure process can take anywhere from a few months to more than a year, depending on the circumstances of the case. Fortunately, this means that homeowners often have time to raise a defense against unscrupulous lenders who are unfairly foreclosing on their properties. To learn more about your own legal rights… Read More »
Has the COVID-19 Emergency Affected Your Ability to Pay Your Mortgage?
The COVID-19 pandemic has wreaked havoc on the lives of millions of people across the globe, many of whom may soon find themselves unable to stay on top of mortgage payments and other bills. Fortunately, if you find yourself in this situation, there are steps that can be taken to help you avoid the… Read More »
