Tag: loss mitigation
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Q & A: Why Did I Get a Notice of Default on the Mortgage?
It’s that time of year again. Mortgage holders’ bank accounts face extra stress in many households. The 2024 tax bills are now due. So are estimated 2025 taxes for small business owners. When taxes are done, what if insufficient funds remain for the mortgage payment? Mortgage lenders send a notice of default (a.k.a. notice of…
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To Avoid Foreclosure, Which Should I Do: Deed in Lieu? Or Short Sale?
OK, it’s decision time. You’re dealing with financial challenges: a breakup, employment shakeups, or just too much debt against your property. You hold a deed, but can’t keep up with your housing costs. And you definitely want to avoid having a foreclosure on your credit history. What should you do now? A deed in lieu…
