Falling behind on your loan can result in financial penalties. Depending on the language of the loan agreement, the lender may label the loan as in default. If so, your credit score will be negatively impacted. In extreme cases, a lender may even pursue litigation.
Homeowners who struggle to meet their financial obligations may consider a loan modification. If approved, a request for a loan modification can result in a more manageable agreement with your lender.
Owning property is an original part of the American dream and it is now more attainable than ever. Florida, still experiencing a yearslong building boom, is seeing higher rates of home ownership and faster turnover on residential properties than ever before. Despite this, some people feel they need a little push to get a mortgage, and they can land in serious trouble.
Finding out that there is a lien on your home is never a good situation. You might not even know there has been a lien placed on your home until you go to sell the property. Once you discover a lien on your home, you need to work to remove it as soon as possible, especially if you want to sell the home sometime soon. Let's take a look at liens and how they can be removed from the title of your home in today's post.
When you prepare to purchase a new home, you will likely hear discussions about property title searches from the realtor or your real estate attorney. This is something important to listen to and understand so that you do not come across any issues down the road. Let's take a look at the most common issues with property titles.
It's not uncommon for people to struggle to pay the bills. Everyone seems to go through a rough patch in life. It just happens sometimes. Whether it's caused by being laid off, an injury or you simply cannot find work, many people have trouble making it month to month. When you fail to pay your mortgage, things can go south quickly, including the foreclosure of your home. So, how do you stop a foreclosure in Fort Lauderdale?
Applying for a mortgage can be very stressful. You never know what issues could occur that might lead to your application being denied in Fort Lauderdale. It can be very difficult to buy a home without a mortgage unless you have plenty of money in accounts that can be used. Many people struggle to simply make the down payment. Here are the steps you can take after your mortgage application has been denied.
Have you ever wondered why many people purchase title insurance when going through a real estate transaction? The answer is simple: Too many things can go wrong with the title that could leave you out in the cold. This insurance is good for titles of commercial and residential properties. Today, we will take a look at the common problems found with real estate titles in Fort Lauderdale, Florida.
Buying a home is one of the biggest accomplishments an individual or couple can experience in their lifetime. They've worked hard for years, have saved, have scrimped, have built their credit score and now they have the opportunity to purchase their first home. There's plenty that needs to be taken care of, which is why the process can last months. Here are some common obstacles that first-time homebuyers can run into in Florida.
The purchase of a property comes in all shapes and sizes. Rather, there are all different types of property sales and it can affect a buyer. One type of sale that we at Kimberly A. Abrams & Associates PA have a lot of experience with is short sales. Short sales have their positives and negatives for a buyer, but it's about weighing the pros and cons to find the right property for you.