Foreclosure and Loan Modification Blog

Can Cash For Keys Work For Me?

If you're in foreclosure and have decided that you cannot or do not want to keep your home, you may be wondering if you could get a “cash for keys” agreement. Cash for keys, sometimes called a "move out incentive", may sound like something you've heard about in hip hop music, but in this case it has nothing to do with kilos of illegal drugs. It's an agreement between you and your lender to hand over the keys to, and move out of your property in exchange for money. Getting paid cash money is always a seductive option, but you should take a close look at what you give up in exchange for that money before signing an agreement.

'Lien On Me' Web Series Gives Humorous Take On Foreclosure Crisis

Entertainment is not just something that distracts us from the realities of our mundane lives with science fiction stories involving space, the distant future, aliens, and supernatural forces. Not that there's anything wrong with that, but some entertainment is grounded in the specific realities and challenges people live with and fight against in contemporary society. One such work is a web series called Lien On Me.

[fa icon="clock-o"] Monday, November 9, 2015 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] life after foreclosure, lien, foreclosure

If you're having doubts about your ability to pay your mortgage or come to any resolution with your lender that allows you to keep your home, you may be wondering what your options are for exiting your home, and what responsibilities are associated with each choice. Whether ownership of your home is transferred through a short sale, deed in lieu of foreclosure agreement, or foreclosure sale, one of the most important things to be aware of is that you may be responsible for a deficiency. But, with a little bit of help and some planning, you may be able to get a deficiency judgment waiver that allows you to walk away from your home without owing any money.

[fa icon="clock-o"] Monday, November 2, 2015 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] life after foreclosure, foreclosure, deficiency judgment

Believe it or not, monsters like vampires and zombies do exist. They're not under your bed, but they might be in your neighborhood right now. Fortunately, they're not the kind that want to drink your blood or eat your brains, but you should still be aware of their existence.

[fa icon="clock-o"] Wednesday, October 28, 2015 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure defense, foreclosure deficiency, life after foreclosure, foreclosure

When you do not pay your home loan payments, your lender is required to follow the laws and procedures of your state to take ownership of your home and sell it. Some states require lenders to file a lawsuit in court in order to foreclose, which is known as judicial foreclosure. Other states allow lenders to foreclose without filing a lawsuit in court, which is known as nonjudicial foreclosure. Roughly half of the states have judicial foreclosure rules and half have nonjudicial.

Can I Buy a Home After I Have Been Through Foreclosure?

Losing your home is a stressful process to endure, but it doesn't mean you have to give up on your goal of owning a home forever. But many homeowners are unsure if they will be able to get a mortgage after foreclosure.

Yes, you can buy a home after going through foreclosure, but you may need to wait several years or more after your foreclosure is completed, and you may be charged a higher interest rate and need a larger down payment to do it.

[fa icon="clock-o"] Monday, October 19, 2015 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] understanding credit, Buying a home after foreclosure, life after foreclosure, foreclosure

Some might assume that foreclosure happens primarily to irresponsible people who have low income and education, and are in a position to lose their home because of their own bad life choices and laziness. While some people experiencing foreclosure might fit that description, it's wise to remember what your mother told you about assuming: it makes something undesirable out of 'u' and 'me'.

[fa icon="clock-o"] Friday, October 16, 2015 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure

Mortgage loans are the cause of more complaints than any other financial product to the Consumer Financial Protection Bureau (CFPB), according to its Monthly Complaint Report for September 2015.

The CFPB has registered 192,500 mortgage complaints, which account for 27% of the total of 702,900 complaints it has received. More than half of all mortgage complaints are related to issues borrowers encounter when they are unable to pay, including problems with foreclosure and loan modification applications.

[fa icon="clock-o"] Friday, October 9, 2015 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure

Foreclosure and Loan Modification Blog

Can Cash For Keys Work For Me?

'Lien On Me' Web Series Gives Humorous Take On Foreclosure Crisis

What Is a Deficiency Judgment Waiver, and How Do I Get One?

Real (Estate) Vampires and Zombies Are In Your Neighborhood

Does Your State Require Judicial or Nonjudicial Foreclosure?

Can I Buy a Home After I Have Been Through Foreclosure?

Foreclosure Stereotypes Are Not Accurate

CFPB Issues Monthly Complaint Report, Mortgages Still In Lead

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