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How to Recover from Foreclosure
Facing foreclosure on your home can be one of life’s biggest challenges. You have options if you want to save your home, but sometimes allowing the foreclosure to take place is your best option. If you have to let go of your home, here’s how to recover from foreclosure. Settle in and settle down Lots…
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Top 7 Reasons People Declare Bankruptcy
People don’t declare bankruptcy for the fun of it. Bankruptcy results from a financial hardship from which a person cannot recover within a reasonable amount of time. Lots of circumstances can lead to personal bankruptcy. Here are the top 7 reasons people declare bankruptcy. Job loss Unemployment benefits simply do not cover living expenses. Losing…
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How to Prevent Foreclosure If You Lose Your Job
Foreclosures in the United States have dropped to an 11-year low while unemployment has found a 44-year low. How the average American fares, however, does not reflect the circumstances of any particular individual. Statistics simply don’t make a difference when you’re trying to keep your home. Here’s how to prevent foreclosure if you lose your job.…
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Questions for Your Mortgage Company If You’re Facing Foreclosure
If you’re facing foreclosure, stay in contact with your mortgage company. Do not ignore them when they call, and do not ignore their correspondence. Instead, reach out to your lender to determine your options. You will have questions for your mortgage company if you’re facing foreclosure. 4 Questions to Ask Your Mortgage Company If You’re…
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What is Foreclosure Loss Mitigation?
Foreclosure loss mitigation is the process that mortgage lenders use to work with homebuyers who are behind on their mortgages. You may be able to modify your mortgage, obtain approval of a short sale, or otherwise more efficiently surrender the property to your lender. Loss mitigation in Virginia and Maryland is very different from loss…
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Will I Be Able to Rent After Foreclosure?
You will be able to rent after foreclosure, even if it may be a bit more difficult. You’re already going through the stressful process of foreclosure. But finding a new place to live and moving can be just as stressful. A foreclosure will remain on your credit report for seven years. But the effects of the…
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Stop Foreclosure Immediately
You may have done everything that you could to stop foreclosure on your own. But if your lender schedules an auction, you must take steps to stop foreclosure immediately. Before an auction is scheduled, you have lots of foreclosure prevention options. But the only sure-fire way to stop foreclosure immediately is to file bankruptcy. Chapter…
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Make the Most of Foreclosure Mediation in Washington DC
In order to foreclose in the District of Columbia, a mortgage lender must submit to mandatory foreclosure mediation. The District’s Foreclosure Mediation Program requires lenders to mediate in good faith with borrowers. Foreclosure litigation in DC offers several stages at which you can obtain a mortgage modification. Make the most of your foreclosure mediation in Washington…
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Retain a Foreclosure Lawyer in DC from the Start
Retain a foreclosure lawyer in DC from the start of the foreclosure lawsuit. Not in the middle, not at the end. You may forfeit or waive many options if you do not participate actively in the litigation. Show that you’re engaged With counsel present, you show the court you’re actively engaged in the litigation. You…
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Foreclosure Litigation: You Are Not Going to Get a Free House
Washington, D.C. is a judicial foreclosure jurisdiction, which means the lender must sue the homeowner in order to foreclose. Foreclosure litigation in D.C. can be brief, six months start to finish, or it can drag on for years. You may have defenses or even counterclaims against your lender. But several judges have told homeowners in…









