Posts

Underwater House Becomes Cash Cow

I have to share an awesome story that I just heard from a former client of mine. When I first met them in October 2014, they were hoping to save their house. But it was worth $310,000, and they had a $394,000 adjustable-rate mortgage on it,…

My mortgage company won’t foreclose. What can I do?

Surprisingly, this happens with some fair frequency. Probably 80-90% of the time, a homeowner who stops making their mortgage payment can expect to receive a sheriff’s sale notice within 3-6 months of when they stop making payments. There…
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How to Maximize Your Time in a House That is Going into Foreclosure by Filing Chapter 7 Bankruptcy

Part 4 in a series on how we help people in underwater homes When I talk to someone who is going into foreclosure, I ask them if they want to save their house, and 9 out of 10 people say “yes.” So usually the best way to do that is by way…

What's better - short sale or foreclosure?

A realtor will definitely tell you a short sale is better. But keep in mind that a realtor makes money by getting clients and selling houses. While there is nothing wrong with that, and I have nothing against realtors, realtors are trained to…