Expert Insight: How Long Do Bankruptcies and Foreclosures Stay on a Credit Report?
They can remain on your credit record for seven to 10 years; however, a borrower who has worked hard to reestablish good credit may be shown some leniency by the lender. The circumstances surrounding the bankruptcy may also influence a lender’s decision. For...
Expert Insights: Will I Be Able to Buy Again After Losing a Home to Foreclosure?
It can happen. But a lot will depend on your circumstances and the mortgage interest rate you are willing to pay. Generally, most lenders will consider your request for a home loan two to four years after your foreclosure. Predatory lenders will issue a home mortgage...
Expert Insights: Can a Home Be Sold for Less than its Mortgage?
Becoming a more and more popular option for distressed homeowners, this process is called a ‘short sale’, which occurs when a lender agrees to write off the portion of a mortgage that is higher than the value of a home. But, usually, a buyer must be...
Expert Insights: If Faced With Foreclosure, What Are My Options?
Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or suspension of your payment, particularly if your income has dropped substantially or expenses have shot up beyond your control. You also may be able to...
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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