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

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...
How Foreclosure Works

Finding a Mortgage

Credit history, how long you plan to stay in your home, and payment schedules determine the mortgage that is right for you. A mortgage is a loan that is secured on the property you buy with an agreed repayment schedule ranging from 15 to 30 years. With this...
How Foreclosure Works

Financing an Energy-Efficient Home

It’s easier than you may think to enjoy the savings and comfort of an energy-efficient home. Since an energy-efficient home is cost-effective, there are financing programs available from mortgages to home improvement loans, which allow more people the...