Loans
Can I Refinance to Avoid Bankruptcy in Maryland?
If you are behind on mortgage payments and can’t catch up, you may be tempted to try to refinance to avoid bankruptcy in Maryland. However, there are specific requirements to qualify for a refinance. If the foreclosure process has already started, you must take action now.
Full StoryThe Final Loss Mitigation Affidavit in Maryland
You are behind on your mortgage and have been receiving packets of mail from your lender. After receiving notices of default, you start getting documents that look more serious. First, you receive a “Notice of Intent to Foreclose.” 45 days later, your lender will file an “Order to Docket Foreclosure” in the Circuit Court. This…
Full StoryLoan Modification vs Refinance: Protect Your Equity
What is the difference between loan modification vs refinance? If you have not defaulted, refinancing can help you get your finances in order and reduce your payment. If you have defaulted or fear you will default, loan modification can prevent home foreclosure without having to file for bankruptcy.
Full StoryThe Loan Modification Process: Get a Deal to Save Your Home
The loan modification process is complicated and can be challenging to do on your own. It requires you to fill out an extensive application, write a hardship letter, submit a large amount of documentation, have ongoing communication with your lender, and more. While getting the right deal on a loan modification could help you to avoid foreclosure without filing for bankruptcy, time is not on your side.
Full StoryLoan Modification in Maryland: Prevent Bankruptcy
If you can’t make your mortgage payment, foreclosure lies ahead. You fear filing for bankruptcy is your only option. It may not be. By obtaining a loan modification in Maryland, you can save your home without ever having to file for bankruptcy.
Full StoryHard Money Loans for Flipping Houses – Case Studies
In our previous posts about hard money commercial loans, we discussed the risk of hard money commercial loans, including higher interest and fees, higher default interest, short terms, and fast collections through confessed judgment clauses and other collections in the event of default. We also discussed the mechanics of hard money commercial loans. When it…
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