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

Second Mortgage Foreclosure

Will My Second Mortgage Lender File Foreclosure?

First, Let’s Define a Second Mortgage A second mortgage is a lien on your home. Just as the first mortgage holds a lien, a second mortgagor will do the same. Often, buyers will take out two mortgages simultaneously to purchase real estate. A second mortgage is a loan just like your first mortgage. They essential … Continued