Justice Prevails as Homeowners Foreclosed On The Bank!
Some time back the Bank of America filed foreclosure papers on the home of a couple, who didn’t owe a dime on their home.
Foreclosure Information
See below helpful posts for any homeowner facing the possibility of foreclosure. Years in the past, many homeowners were foreclosed but others proactively sold their homes as short sales or obtained loan modifications. As it turned out, loan mods were usually a mistake because they are only intended for specific circumstances.
If facing foreclosure, check out the posts or contact us to schedule a confidential consultation. Matt Gregory is a Certified Distressed Property Expert and we may have a viable solution.
Worried About Foreclosure? Help is Available in Santa Clarita
If you are a homeowner facing foreclosure, stop worrying and focus on the solution! Get help here.
How Long Does It Take the Lender to Foreclose on Home
Find out exactly how long it takes for a lender to foreclose on a home. It’s probably longer than you think!
Useful Information About Foreclosures
Just because some homeowners are struggling with their mortgage doesn’t mean the end result is a foreclosure. Posts in this category provide information to help homeowners avoid foreclosure and still get a fresh start.
Resources about foreclosure can be basically broken down into three sections.
- First and probably most important are the resources intended for homeowners facing the possibility of foreclosure. If you are a homeowner facing foreclosure, unless you have the funds needed to bring your account current, you only have two options. You’ll need information about loan modifications and short sales. Loan modifications are usually not the smart financial solution and really only intended to specific circumstances. Learn more about ways to avoid foreclosure.
- Then, we have resources available for home buyers interested in buying homes or properties that are are in pre-foreclosure. These properties are also referred to as short sales. Remember, if buying a short sale property it is possible to get a good deal, but just because the home is a short sale does NOT necessarily mean you’re going to get a good deal. There are many factors, so you need to do your homework first. See current listings of short sale properties now on the market.
- Last are those resources available for buyers specifically interested in buying homes or properties that have already been foreclosed. Foreclosed homes are often sold at auction but many are not put up and instead placed on the local real estate market. Yes, there are risks associated with buying foreclosures, so again, we urge doing your homework. See current listings of foreclosed homes.