With millions of homes under foreclosure around the country, it’s critical for both buyers and mortgage holders to understand how the process works. Therefore, what is pre-foreclosure exactly? Many homeowners in Weatherford and across the United States are having trouble keeping up with their monthly mortgage payments. In Texas, when a homeowner misses their mortgage […]
Category Archives: Prevent Foreclosure
Short Sale – What Does It Mean And How Can You Benefit From It
What is a short sale and how does it benefit you here in Fort Worth? You can sometimes avoid mortgage delinquency by the strategic use of a “short sale”. Despite the fact that in today’s market a short sale can be tough to obtain, it frequently proves to be a less complicated approach to settle […]
What Does Forbearance Mean And Is It A Good Idea?
When you are behind payment, you might be considering forbearance but is it the right route to take? In its most basic form, forbearance is an agreement between a lender and a borrower to refrain from making regular payments as initially agreed. In real estate, a forbearance agreement would prevent a loan servicer from foreclosing […]
Foreclosure Scams In Dallas Fort Worth To Watch Out For
As you may be aware, foreclosure scams have reached new highs in the last couple of years. When there’s an opportunity or individuals in agony, the world’s dishonest and unethical people tend to emerge from the shadows to prey on homeowners who don’t know any better. Thus, foreclosure scams happen. Foreclosure scams in Dallas Fort […]
House Is Underwater – What Does It Mean And What Not To Do
What does it mean when your house is underwater? A financial contract or asset that is worth less than its theoretical value is referred to as “underwater.” The word is most usually applied to a house or other big asset with an outstanding mortgage or loan that is more than the item’s value. Nothing is […]
Alternatives to Foreclosure – Your 7 Options
Foreclosure Is Not Your Only Option Are there alternatives to foreclosure? Yes! Understanding your options is critical to making the best decision for you and your family. Don’t be paralyzed by the situation or pretend it will go away. There are alternatives to foreclosure. Learn about your options. Understand them, make a choice, and go […]
What to Do If You Can’t Pay Your Mortgage in Fort Worth
Some things are beyond your control and that includes being able to pay your mortgage in time. You may be facing foreclosure if you’re unable to pay your mortgage. A mortgage or deed of trust contract gives the lender the right to utilize the property as collateral if the borrower fails to comply with the […]
Foreclosure Notice of Default in Fort Worth – What is it?
Did you receive a Notice of Default? Keep reading if you received a default foreclosure notice and want to know what’s going on. A notice of default is a document that a lender must file to start the process of foreclosing on a home. A notice of default is a public notice from a court […]
What Happens After Foreclosure?
Is it possible to reclaim your Fort Worth House after foreclosure? What happens after foreclosure? Can you get your house back after foreclosure? After all, you’ll need somewhere to stay! You might be wondering what will happen next? Unfortunately, once the court rules in favor of your lender and agrees to proceed with foreclosure, it […]
Help Avoiding Foreclosure -Fifteen Questions to Ask
What are the right questions to ask anyone offering you help avoiding foreclosure? Before you seek anyone’s help avoiding foreclosure, you have to determine who is legitimate and who is not. Here is a list of 15 questions you might want to ask anyone who offers to help you avoid foreclosure. It is best to […]