When financial hardship strikes, many homeowners find themselves juggling not just one mortgage, but two. If you’re considering a short sale to avoid foreclosure, one of the biggest questions you’ll face is: What happens to my second mortgage? It’s a crucial concern and one that can significantly affect your financial future. As any experienced foreclosure […]
Do You Qualify for a Short Sale?
Short sales have become a popular alternative for people struggling to keep up with their mortgage payments. But what is a short sale, and do you qualify? What is a Short Sale? A short sale is a sale of real estate in which the proceeds from the sale are insufficient to cover the balance of […]
Foreclosures After COVID: What to Know
COVID-19 brought a lot of changes to the world, and most of them are negative. To help offset the financial effects of the pandemic, the U.S. government placed a moratorium on foreclosures, which ended July 31. However, there is still protection for foreclosure-related evictions through September 30, 2021, which is quickly approaching. Here’s what you need […]