by Malik | Jul 16, 2023 | Blog
In a short sale situation, a deficiency judgment refers to the amount of money remaining after the sale of a property in foreclosure falls short of fully satisfying the outstanding mortgage debt. When a homeowner is unable to continue making mortgage payments and the...
by Malik | Jul 9, 2023 | Blog
If you’re a distressed property owner facing financial difficulties, it’s essential to understand the concepts of pre-foreclosures and deficiency judgments. By gaining insights into these terms and their implications, you can make more informed decisions...
by Malik | Jul 7, 2023 | Blog
Property owners can lose their properties to foreclosures for several reasons: Mortgage Default: The most common reason for foreclosure is when property owners default on their mortgage payments. If homeowners fail to make their monthly mortgage payments as agreed...
by Malik | Jul 7, 2023 | Blog
A short sale can be a viable option for property owners facing pre-foreclosure as it offers several benefits, including the potential to save their credit. Here’s why: Avoiding Foreclosure: A short sale allows the property owner to sell their home for less than...
by Malik | Jul 7, 2023 | Blog
A pre-foreclosure distressed seller might consider agreeing to “subject-to” (sub-to) terms to sell their property for several reasons: Avoiding Foreclosure: By agreeing to a subject-to-deal, the seller can prevent the foreclosure process and the associated...
