How Low Will My Credit Drop After a Short Sale or Foreclosure?
With credit scores, one can easily predict the possibility of you making payments on time, paying off loans, and helping a lender determine whether you are a risk. Credit scores are determined by an individual’s lending history and ability to repay and manage debts based on the agreement. Factors like letting your mortgage payment slide, […]
Unique and Strange Real Estate Terms
These real estate and property terms are used quite a bit but many people have no idea what they actually mean. If you’re considering investing in real estate, selling or buying your first property, here are some key terms you should know. APR – this stands for the annual percentage rate but you may also […]
Bankruptcy or Foreclosure Looming?
Bankruptcy or Foreclosure Looming? Let The Washington Foreclosure Fairness Act Help you! New Mortgage Foreclosure Program for the State of Washington. A little known Mortgage foreclosure program went into effect in Washington State in 2011. It is called the Washington foreclosure fairness act (FFA). This program is for you if you need help paying your […]
Washington Foreclosure Fairness Act – Referral to Mediation Process
Washington Foreclosure Fairness Act – Referral to Mediation Process In 2011 Washington and passed the Washington foreclosure fairness act to help homeowners who are facing foreclosure. This program was designed to help homeowners and their lenders reach a resolution about foreclosures or other possible options for the homeowners. Homeowners must be referred to Mediation by […]
Defense Against Foreclosure
Defending Against Foreclosure If you are facing the loss of your home or fear that you may soon be facing a foreclosure, a law firm can help you to develop a strategy that may include defending against the foreclosure, negotiating a modification, refinance, short sale, or implementing a strategic default plan. A Foreclosure Defense Law […]
Fear losing your home? Foreclosure looming?
You held out for this long but your lender has finally sent you the” letter.” However, the letter talks about consumer debt counseling and mediation. This is part of the Washington Foreclosure fairness act. Lenders must inform you of your rights before a Foreclosure can be processed. Bankruptcy is a valuable option to consider. Understanding […]
What Happens if the Bank Forecloses on My Short Sale?
It happens quite often…more than you realize…that a home in process of a short sale is foreclosed on. It is a common misconception that the lender won’t file a foreclosure lawsuit against you if you are currently in the process of negotiating a short sale or loan modification. Example: Debbie lists her home for a […]
Should I Hire a Lawyer for a Mortgage Mediation or Foreclosure?
Should I Hire a Lawyer for a Mortgage Mediation or Foreclosure? – If your lender has failed to approve previous effort to modify your loan, often mediation is the best way to go. What is mediation? Foreclosure mediation is a meeting where a homeowner and mortgage lender negotiate potential modifications or other alternatives before an […]
Foreclosure Rescue Scams Are Out There – BEWARE!
Foreclosure Rescue Scams Are Out There – BEWARE! Washington, as well as other areas, have a growing problem of foreclosure rescue and mortgage modification scams that could cost you thousands of dollars OR your home should you fall victim. Scammers will usually make promises they can’t keep such as ensuring GUARANTEES of certain outcomes for […]
Why You May Need an Experienced Lawyer During Foreclosure
Why You May Need an Experienced Lawyer During Foreclosure Life, unfortunately, isn’t always full of brightly colored rainbows and delicate butterflies and we might end up finding ourselves in a position where we are unable to pay our mortgage and fear the potential of facing the Foreclosure process. While it is believed that this process […]
