Mediation as a means of dispute resolution is usually used when parties with a legal dispute want to avoid going to trial for one reason or another. Mediation can often be less expensive than going through a trial, and that is why it sometimes chosen by the parties. Mediation is available in the foreclosure process… [Continue Reading]
Homeowners’ Associations and Foreclosure for Unpaid Dues
Homeowners who live in a housing development are usually members of a Homeowners’ Association, or an HOA. Being part of an HOA requires the homeowner to abide by certain rules regarding the care of the property and pay dues and fees to the HOA. In return, the homeowner receives communal benefits. In some situations, HOAs… [Continue Reading]
Protections Under The Servicemembers Civil Relief Act
Servicemembers who are serving in the military can sometimes find themselves in financial trouble and facing foreclosure. This may apply to servicemembers who are recalled to active duty or who are about to go on long term deployment and expect to have trouble meeting their financial obligations. Fortunately, these servicemembers have protections from foreclosure under… [Continue Reading]
Mortgage Deferment
For homeowners facing foreclosure, understanding the process of foreclosure and the options they have to stop missed payments from leading to foreclosure is important. If a homeowner can get together with his or her mortgage lender early on, and the mortgage lender is willing to work with the homeowner, the lender may offer the homeowner… [Continue Reading]
Buying a Home After Foreclosure
Although it is sometimes difficult to do so, it is possible for a person who has been through foreclosure to buy a house after the foreclosure is behind him or her. A person who wants to buy a home after foreclosure should consider the reasons that led to the foreclosure before, whether it was from… [Continue Reading]
Foreclosure With More Than One Loan Against Your Property
A foreclosure may not be the end of a homeowner’s financial problems if the homeowner has multiple loans secured by the home. These additional loans are generally known as junior liens, and they can take the form of second mortgages or home improvement loans. The lenders of these loans are usually behind the original mortgage… [Continue Reading]
