Author: Marlon Bellmas

Having a mortgage that is more than the current market worth of your house can be difficult if you overpaid during a sale, missed mortgage payments, or saw a decline in property values. Being “upside-down” on your mortgage puts you in a challenging position, particularly if you have to sell your house because of foreclosure … Continued

Home sales typically fall into one of three main categories: traditional sales, short sales, and foreclosures. Each type of sale offers distinct advantages and disadvantages for buyers. Generally, short sales and foreclosures tend to be priced lower than traditional sales, making them attractive to budget-conscious buyers or investors. However, it’s important to understand that these … Continued

Being “underwater” on your mortgage—owing more than your house is worth—can put you in a difficult position, especially if you find yourself needing to sell quickly due to personal or financial pressures. This situation often adds to the existing stress, making the prospect of selling your home appear daunting. However, a clear understanding of the … Continued

If you are a homeowner who files for bankruptcy, your home is included in the bankruptcy estate, which encompasses all the property or assets you own. Overall, bankruptcies across all chapters saw a seven percent rise, a figure that aligns closely with the seven percent increase in inflation observed during the same period. This trend … Continued

The process of foreclosure moves slowly, offering homeowners ample time to change course and protect their future. Unfortunately, many are not fully aware of the consequences and fail to take action to avoid foreclosure, resulting in long-lasting financial damage. Circumstances may vary, but homeowners who proactively address the threat of losing their homes typically retain … Continued