Truth in Foreclosure

10 Ways to Delay a Foreclosure Sale

Once you receive the foreclosure sale notice, panic often sets in. You think you're going to lose your home no matter what and the sheriff's coming soon to put your family out on the street. These 10 strategies can help you delay the sale. Delaying the sale could...

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Thinking About Filing Bankruptcy to Stop Foreclosure? You Might Not Be Eligible

With the changes to bankruptcy laws over the past few years, many people that were once able to slow foreclosure by filing bankruptcy are no longer able to do so. There are even more hoops you must jump through to file and doing so takes time. So if your foreclosure sale date is looming, you'd be wise to read this and take action so you'll be ready if you need to file for bankruptcy at the last minute.

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What Happens to My Credit Score with a Mortgage Loan Mod?

The companies behind the new VantageScore credit score just finished up a study of over 400,000 credit files to see what the impacts of different foreclosure workouts are. Their results aren't probably as bad as you think...some people could actually see an increase in scores because of modifications. Come find out how...as well as what to expect if you have a short sale, a foreclosure, or a bankruptcy instead of a mod. Plus, I share what's happened to my credit because of my short sale.

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Bankruptcy and Foreclosure – 6 Terms You MUST Know to Stay Out of Trouble

If you know these terms you'll be miles ahead of most people walking into a bankruptcy lawyer's office. Do you know what an automatic stay is? What about discharge or exemptions? If not, you need to come read this article!

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What No One Tells You About Bankruptcy, Foreclosure and Your Credit

When you're going through foreclosure, many people will tell you that you can use bankruptcy to slow or stop the process. And they're right. But what they usually don't tell you are the consequences of filing bankruptcy and the fact that over 95% of bankruptcy workout plans fail.

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Workout Options not Dependent on Lenders

Selling your home is the most common way to exit foreclosure without getting approval from your lender. If selling isn't an option for you, you can also consider pursuing legal action against you lender or filing bankruptcy in some situations. Both of these actions, however, require local, experienced legal counsel.

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