Archive for the 'After Foreclosure' Category

The Impact Foreclosure Can Have On Your Credit Score

If you are facing foreclosure you may be concerned about the impact it has on your credit score.  It is a question that I hear a lot, when some is concerned with foreclosure.  First one must understand the method of calculating a credit score is proprietary information.  Your credit score number is updated when a […]

Foreclosure: What is True and False

If you finding yourself thinking about foreclosure and the possibility of facing it, you might be doing some research to find out more about it.  During this research you have to be careful what you believe, there are a lot of foreclosure myths floating around out there.  This article is going deal with some of […]

Foreclosure Auction Sale Question and Answer

If you losing you house and it is going to a foreclosure sale, you may have several questions about the process and what exactly is going to happen.  This article is going to cover the most commonly asked questions about the foreclosure sale process and what happens at the auction.
What happens at a foreclosure auction?
Foreclosure […]

How To Qualify for a Mortgage After Foreclosure

If you have a foreclosure on your credit report, getting another mortgage is going take some work and time.  It will take at least 3 years from the time the foreclosure was finalized to be eligible for another (conforming) mortgage.  This 3-year period is a critical time, to build your credit back up and get […]

Purchasing Foreclosure properties

If you are looking to purchase a foreclosure property, then there are very important things you need to know before buying.  First you should understand how foreclosure works, so you know why and where you’re getting your property from.  A foreclosure comes from a homeowner that has defaulted on their mortgage and can no longer […]

What Happens At A Foreclosure Auction, Part 2

In yesterdays article you learned a lot about what happens at foreclosure auction.  What kinds of things you need to do before actually attending the auction and what exactly the process is at the auction.  Today you will learn about what happens after you obtain the property that you won at the auction and what […]

Why To Sell Your Home In Pre-Foreclosure

If you are facing foreclosure and see that you are not going to be making your mortgage payment on time or have already missed one payment, then you are in the pre-foreclosure stages.  Meaning the bank hasn’t foreclosed on you yet, but it could possibly happen in the near future.  This is a time you […]

Average Cost of a Foreclosure Close to $60,000 for Mortgage Lenders

For mortgage companies pursuing a foreclosure, the costs can run exorbitantly high. Mortgage giant Freddie Mac has estimated that the average cost to a lender of foreclosing on a property is close to $60,000, with other estimates placing the total cost to the homeowner, lender, surrounding community, and local government close to $80,000.
Homeowners can use […]

Foreclosure: Facts and Fiction

How many times have other people told you certain things which just weren’t true?  You may have even believed them for some time, because they said it so convincingly.  But after doing some research of your own, you realized they were completely wrong.  It could have been about anything: who won the World Series in […]

After Foreclosure, Maybe You Should Stay in the Property

Usually after a foreclosure and a sheriff sale, homeowners will need to move out of their former property, unless they are willing to run the risk of eviction by the county. However, times seem to be changing, and it may be worthwhile for borrowers to remain in the house even after it has been auctioned. […]

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