What Is Strategic Default and Should You Consider It?
Since the 2008 real estate bubble meltdown, an unprecedented number of Americans have opted to do what's called "strategic default." This is when you choose to default on your mortgage not because you can't afford…
Advantages of Buying Foreclosed Homes
Foreclosed homes are always an attraction for real estate investors as well as for people who intend to buy a home to live in. There might be some reasons behind this popularity of foreclosed homes.…
How to Get a Loan Modification
If you're underwater on your property and having trouble making payments, getting a loan modification could be a much more reasonable approach than a straight out default or foreclosure. A loan modification involves restructuring your…
What Is a Short Sale and How Does It Work?
A short sale, if done well, can allow you to walk away from your home free and clear, even if you're underwater right now. For many homeowners, a short sale is the only option that…
Three Things to Try before Accepting Foreclosure
If foreclosure is looming on the horizon, now's the time to kick into gear. Just because you've had trouble making payments doesn't mean you have to lose your home. Instead, if you take action quickly…