Family Debt Planning

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Foreclosure

Foreclosure is a scary topic for most people. If you get behind on your payments you should act quickly. Learn what you should and should not do when you face this problem.

Second Mortgage Foreclosure: It Can Happen, How to Stop It

Posted April 25, 2020 by Robert Linker
Home Equity Loan Foreclosure

Second mortgage foreclosure can happen when you fall behind but still have equity in your home.

It is a secured loan, banks can take your house if you default. You can only stop the process by settling your balance or filing bankruptcy.

Read more about foreclosure

 

Late Mortgage Payment: When Delinquent, Consequences, Removal

Posted April 21, 2020 by Robert Linker
Late Mortgage Consequences

A late mortgage payment may not seem like a big deal, but it can be.

You have fees, and it damages your credit. In addition you run the risk of rolling late payments.

Understand how your late payments can go out of control even if you continue paying monthly.

Read more about late mortgage payments.

 

Reverse Mortgage Foreclosure: How You Can Default, Lose Your Home

Posted April 16, 2020 by Robert Linker
Reverse Mortgage Default

A reverse mortgage foreclosure can happen for several reasons.

If you get sick or die your loan may come due. Also, if you fall behind on taxes, insurance, or other bills you may be at risk.

If you can’t maintain the property and it falls into disrepair you may lose your home, too.

Read more about reverse mortgage foreclosure.

 

Lis Pendens in Real Estate: Clouding Title, Liens, Foreclosure

Posted March 18, 2020 by Robert Linker
Lis Pendens

Lis Pendens are legal notices filed with the title that tells potential buyers that there is a lawsuit pending against a property.

Claimants assign these so the owner can’t sell the house without their claim being addressed.

Read more about lis pendens.

 
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