Home equity is a fickle thing that has many factors, but what happens when you foreclose on your home? Do you lose your equity? Does the bank take all of your money? In the end, if you have equity on the home, you get to keep it, but there are a few catches. What is Equity? What is equity anyway? Here is a simple explanation of it. Let’s say you buy a house that values at $250,000. When you bought the house, you put $50,000 on it, this means your equity on the house is $50,00

Have you heard the rumor that you can use bankruptcy to stop a foreclosure on your house in Louisville? Well, to a certain point it’s true. But, in all reality, it isn’t true at all. How was that for an answer? If you are considering this as an option, you need to read this before you commit. Reaction to Bankruptcy Okay, first let's look at what bankruptcy is and how it affects everything in your life. Findlaw.com defines it as, “the process whereby a person legally declares

The housing market can be a brutal battlefield for those who fall behind on their payments. If you are someone who is looking at foreclosure, or even a short sale, and are wondering if it will ruin your credit, you may want to read over this article to see if it is the best move for you and your situation. How much will your credit score be impacted with a foreclosure? According to FICO, if your credit score is 680, a foreclosure will drop your credit score on average by 85 t

Many homeowners feel powerless when their bank sends them a Notice of Default. In this situation, they might consider filing bankruptcy to stop foreclosure on their house. Knowing that they’re behind on mortgage payments can force borrowers to seek help in unlikely places. If government loan modifications and repayment plans are unavailable to help a homeowner stop foreclosure, they can feel like their options are limited while going through a foreclosure. With the threat of

WHAT ARE MY OPTIONS WHEN FACING FORECLOSURE? When you acquire a mortgage, there is always a risk of foreclosure sitting in the back of your head. Life can get rough and monthly payments may start to pile up. When the hard times have rolled in full swing, you may not be able to make ends meet and find yourself getting behind on your house payments. So what can you do when you are facing foreclosure on your home? Well, it may not be easy, but here are a few suggestions to help

HOW TO STOP FORECLOSURE IN LOUISVILLE Here at Silver Lining Properties, we meet with people all of the time who are in foreclosure and they all ask us the same question, “Can I get out of foreclosure?”. The simple answer is, yes! You have a few options to stop foreclosure. So consider this your guidebook called, “How to Stop Foreclosure in Louisville”. Pay it Forward Okay, this is literally meaning pay it forward so that your mortgage is current. This is the simplest way of s

I NEED FORECLOSURE HELP IN LOUISVILLE, ky Life essentials add up, and affording your current home is almost near impossible once you start drowning in your debts. If you are experiencing financial problems, don’t panic take action today and get foreclosure help in Louisville, KY. Many people find themselves in a position where they are about to lose their home. If you are close to this and don’t get help this will destroy your credit, you will lose your home and you will be l

Sell Your House Fast When Facing Foreclosure Are you about to face foreclosure of your house? Are you finding it difficult to come up with enough funds to pay your monthly payments every month? I believe when it rains it pours, and a mortgage can make things even more stressful. I have seen this happen so many times, and I helped dozens of people in your situation figure out how to get out of these dark days. Read on for ideas of how to sell your house fast when facing forecl