There's no one size fits all answer, but the general rule when it comes to reaffirming mortgage debt in bankruptcy is “don't.” Reaffirming mortgage debt is great for the lender. For the bankruptcy petitioner though, reaffirmation … [Read more...] about Think Twice Before Reaffirming Mortgage Debt
What Happens to Unclaimed Funds After an Ohio Foreclosure?
During August 2018, one in every 1,456 homes in Ohio received a foreclosure filing, according to RealtyTrac.com. This was worse than the national average of 1 in every 1,882 homes, and placed Ohio just outside the top 10 states … [Read more...] about What Happens to Unclaimed Funds After an Ohio Foreclosure?
Should I Refinance My Mortgage?
The holidays are coming up and cash is tight for a lot of us. Plus, a new year is about to start. That makes it a good time to think about reorganizing our finances and finding ways to spend less and save more. That may mean … [Read more...] about Should I Refinance My Mortgage?
How to negotiate with your mortgage loan servicer
If you fall behind on your mortgage or other significant financial obligations, one of the first important steps you can take is to talk to the lender about your situation. There are several different things you need to have ready … [Read more...] about How to negotiate with your mortgage loan servicer
What Factors Influence Your Mortgage Interest Rate?
If you are like the majority of people interested in purchasing a home, you probably have questions about how to obtain the lowest possible interest rate. Your interest rate can have a significant impact on the amount you pay for … [Read more...] about What Factors Influence Your Mortgage Interest Rate?
Foreclosed Home Sold for More than Owed — Now What?
You've fallen behind on your mortgage and now your home is in foreclosure. At the sheriff's sale, the bank will try to sell the home for as much as it can get. If it sells for less than you owe, you may be liable to pay the … [Read more...] about Foreclosed Home Sold for More than Owed — Now What?