Tag: financial hardship
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Bought a Home, Got Laid Off: Options for Homeowners Facing Financial Hardship
It’s possible to receive a final approval for your mortgage, make it through closing day, get your deed, and then… get laid off. It’s also possible to have an unexpected employment change before you close. When calamity strikes the innocent borrower, what’s next? What steps are best taken to make the path ahead bearable? Let’s…
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To Avoid Foreclosure, Which Should I Do: Deed in Lieu? Or Short Sale?
OK, it’s decision time. You’re dealing with financial challenges: a breakup, employment shakeups, or just too much debt against your property. You hold a deed, but can’t keep up with your housing costs. And you definitely want to avoid having a foreclosure on your credit history. What should you do now? A deed in lieu…
