There are many misunderstandings concerning the issue of foreclosure. Unfortunately, these misconceptions have lead many homeowners to take all the wrong actions in trying to stop the foreclosureprocess which ultimately causes them to lose their homes. Below are a few of the myths that seem to persist regarding bank foreclosures.The bank wants your house so they can resell it.Nothing could be further from the truth. The bank almost never wants your house; they want the
If a homeowner is behind on mortgage payments or facing foreclosure he may be able to enter into a “workout agreement” with their lender.  Individuals who may want to consider a “workout agreement” are those who have little or no equity in his or her home.  During a “workout agreement,” a qualified professional contacts your mortgage company on your behalf to enter into a workout agreement.  The professional will negotiate a reduced payoff of the property if you owe
Finding out that your home is entering foreclosure is a terrifying experience and many people tend to push the panic button. However, there is no reason to stop seeking financial help to stop foreclosure. Because, if you ignore the threat and fall behind on your mortgage, the possibility of losing your home will become a probability.A lot of homeowners end up in a foreclosure court as they let the matter take its course. They fear
Throughout the foreclosure process, from the first notice of non-payment, all the way to receiving that dreaded letter from the lender’s law firm, and finally a potential foreclosure, it is important to get professional help.  You may need:An Attorney to review the foreclosure filing or help you file for bankruptcy if you choose this route.A Mortgage Lender to assist you with refinancing and who is familiar with alternative and creative financing options. A Realtor to list your
Are you afraid you might be at risk of losing your home to a foreclosure?  AtFirst Equity Financial, LLC, we recognize the urgency necessary in order to stop a foreclosure. Don’t delay.Time is ticking away.What should I do if I am unsure about whether I can pay my mortgage?If you cannot make your payment or you have missed a payment, you should consider getting in touch with your lender in a timely manner. There can