Reverse Mortgage Foreclosure

How Should You Handle a Foreclosure on a Reverse Mortgage?

When a loved one passes away leaving a house behind, the heirs left with the home may be surprised to find out there is a reverse mortgage lien on the property.  When Elizabeth Erickson’s mother passed away in 2012, she left a family home full of memories behind. The plan was to sell the home … Continued

Deed in Lieu of Foreclosure

Understanding a Deed in Lieu of Foreclosure

It is easy for anyone to find themselves in financial distress which results in a lot of stress. Various factors contribute to a financial crisis including medical debt, loss of a job, death, divorce, or a necessary and rushed relocation.  Unfortunately, when you own a home, financial distress can include the possibility of finding yourself … Continued

Foreclosure Impact on Credit Score

Will Foreclosure Affect My Credit Score?

Of course, the best idea is to avoid foreclosure, however, if foreclosure is where you are headed, you may be wondering how it will affect your credit score. Unfortunately, we don’t have the greatest news for you.  When you are ready to move on and purchase another home, your foreclosure will show up on your … Continued