Category Archives: Mortgage Foreclosure
How to Buy and Keep Your Own House in Philadelphia
Homeownership is a big financial goal for a lot of people. Unfortunately, it is very hard to achieve unless you already have some assets other than the percentage of your employment income that you have managed to put into savings. Qualifying for a mortgage and following through with the purchase is only the first… Read More »
Is Another Mortgage Foreclosure Crisis On The Horizon For Pennsylvania?
Being stressed out about money is the rule rather than the exception for working Americans. Most households are surviving paycheck to paycheck, even if more than one member of the household works full time; some people with annual income in the six figures still find themselves with bank account balances in the double digits… Read More »
Why Are Small Dollar Mortgages So Hard To Find?
Standup comedians and cynical teens can agree that fewer social events are more tiresome than the ones where middle-aged adults gather on the backyard deck or around the barbecue pit to admire the host’s new house or its newly installed amenities. The conversation inevitably features one of the most annoying phrases in the English… Read More »
The Five Types Of Home Mortgage Loans
Qualifying for a home mortgage is a lot of people’s biggest financial goal, especially if you are young enough that you do not intend to retire for several decades. Home mortgage loans are the largest amount of money most of us will ever borrow. The process of working with a loan officer is often… Read More »
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 »
