How Foreclosure Works

How Foreclosure Works

The threat of foreclosure is always greater in tough economic times. High unemployment, ballooning mortgage payments, a slow housing market and a credit crunch have all contributed to rising foreclosure rates across the country. Still, many homeowners are not familiar...
How Foreclosure Works

How to Avoid Foreclosure

If you are having a problem paying your mortgage, the first thing you need to do it is to face the situation and take action. Experts suggest that delaying only deepens the difficulties.Foreclosure SnapshotThe number of properties with foreclosure filings has been...
How Foreclosure Works

Home Buying after Bankruptcy

Buying a home after bankruptcy is fraught with challenges but it is possible. Sometimes filing bankruptcy is unavoidable, and one of the downsides is that it remains on your credit report from seven to 10 years—potentially affecting your ability to purchase a...
How Foreclosure Works

Tax Tips for Homeowners

Before making any deductions on your taxes, it’s worthwhile to understand the difference between getting a tax credit and taking a tax deduction. Investorwords.com defines a tax deduction as an expense that is subtracted from your adjusted gross income (AGI). Your AGI...