Missing a mortgage payment is never intended by a homeowner, but sometimes circumstances lead to a late mortgage payment. If you are struggling to make your payments, here’s what you need to know about what happens when your mortgage payment is more than 15 days late. Most lenders allow a 15-day grace period, which...
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That home you’re looking at is a foreclosed house that is owned by Fannie Mae. Although the Fannie Mae HomePath mortgage program was officially discontinued on October 14thof 2014, the Fannie Mae HomePath properties are still available around the U.S., and can be seen on their website www.homepath.com. These houses are targeted towards first-time...
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Question: My parents own their house outright, but would like to know if it could be owned in four names – that is, those of my parents and their son and daughter (me) – I do understand that we would need to change the deeds and we would incur a cost for doing so. They...
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Have you found yourself facing foreclosure on a home in St. Louis, MO and don’t know what to do? Foreclosure on a home occurs when the homeowner falls behind on their mortgage payments and the bank or mortgage company repossesses the ownership of the home. Finding yourself in this situation can be overwhelming and...
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It is never anyone’s goal to experience a foreclosure, but unexpected circumstances can lead to missed mortgage payments and the danger of foreclosing on your home. Fortunately, if you are in the beginning stages you still may have the opportunity to stop foreclosure on your home. Using one of the strategies that teach you...
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The foreclosed houses are creating tremendous opportunities, but how do you buy right? Here are 6 tips for buying houses in foreclosure. Use cash or get pre-approval from the lender you are buying from ? Cash is king.Many banks will take a cash offer before they even consider a financed offer.If you are getting...
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