The largest demographic of homeowners in foreclosure are minorities, primarily consisting of Blacks and Hispanics. This was caused in large part to a very loose lending known as the subprime market. Subprime stands for anyone who had at that time a 680 or less credit score and individuals that could not verify their income on [...]
For the majority of homeowners who are in or facing foreclosure the last thing on their mind is to retain professional legal counsel. The number one reason for this is cost. A typical attorney will charge anywhere from $2,000-$5,000 to take on the homeowners case. Common sense will tell you that if you are in [...]
Each state in the U.S. handles its real estate foreclosures differently. It’s important to understand those differences and know your specific state’s procedures. The terms used and time frames vary greatly from state to state, but the following information provides a general overview of the different processes and considerations. Let’s define the difference between a [...]
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