Tag: mortgage debt
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Connecticut Beats Down Zombie Mortgages
What if you survived the foreclosure crisis back in 2008…and all of the sudden, now, a bank turned up and told you it’s time to pay back the balance related to a second lien that you thought was written off, a loan you never repaid? This is no joke. As home values soar, lenders and…
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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…
