When a homeowner receives a notice of foreclosure, it’s not unusual to pack up and move out as quickly as possible. That hasty decision may not be wise however, because many unforeseen complications can occur Read More
While many date the recent financial crisis from 2008, the reality is that there was a build up to that crisis. Prior to the events that took place in the fall of 2008, a mortgage market crisis was building in the form of increasing foreclosures. Read More
Getting a home appraisal is always an important part of buying a home and a requirement for getting a mortgage. Major changes have taken place during the last decade to the way appraisals are ordered and performed. Read More
One of the phrases that you might have heard at one point is “house poor.” This term can seem like a contradiction in some cases, since it’s hard to envision some people actually being poor, based on the homes that they have. Read More
When you buy a home with a mortgage, the lender is on the hook. A financial institutions lets you borrow money to make a huge purchase, fronting the money so that you don’t have to. Read More
