A Foreclosure. Basic Knowlage.
Foreclosure is spoken of in hushed tones among buyers and sellers of real estate. Whether we’re talking about an investment property or a personal residence, foreclosure is the “worst-case scenario,” the worst thing that can happen to a property owner.
How To Stop a Foreclosure.
No event is more devastating to a property owner than foreclosure. In addition to losing the property and all the equity you built, yourself and your possessions put out on the street and your credit destroyed, you could be hit with a deficiency judgement, your wages garnished, your other property attached..
Mistakes Homeowners Make when Facing Foreclosure.
Facing foreclosure is one of the tightest spots homeowners can find themselves in. When backed into a corner, nothing is more important than staying calm and making rational decisions, even if that means picking the best of a bad set of options.