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Mortgage Professor about legitimate foreclosure help: | |||||||||||||||||||||||
Mortgage Payment Problems: What If You Can't Pay?
April 21, 2003 "I lost my job and have been making my mortgage payment from savings. At some point, I will run out of savings. What should I do? Some variant of this letter is appearing in my mailbox with ... more... Options When Equity in Your Home Is Gone April 23, 1999 I have been transferred and need to sell my home. The market has gone down and I owe more than the home is worth. Is there any relief available to allow me to avoid paying the difference to the lender at the time ... more... |
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legitimate foreclosure help related definitions |
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Foreclosure
Foreclosure A legal process by which the lender or the seller forces a sale of a mortgaged property because the borrower has not met the terms of the mortgage. Also known as a repossession of property. When the process is complete, it is typically said that "the lender has ... more... Delinquency Delinquency Failure to make payments on time. This can lead to foreclosure. First, a mortgage becomes delinquent, when the borrower stops making payments. Second, the delinquency is either reinstated (payments are resumed) or the lender forecloses. ... more... |
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More about legitimate foreclosure help How to Recognize When You're in Over Your Head Buying a Home With Bad Credit - Get Approved With a Recent Bankruptcy or Foreclosure Debt Problems? Bad Credit? Seek Help Laying It Out On Paper Buying a Home after Foreclosure - Comparing Bad Credit Lenders Bank Foreclosures a Profitable Investment? Buying a Home After Foreclosure - What to Expect Are You A Victim Of A Predatory Mortgage Foreclosure? 9 Unique & Imaginative Ways Anyone Can Help Hurricane Katrina Disaster Victims - It's Not Just Money Behind on Your Home Mortgage Payment? Work with Your Lender!
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