Search results
Mortgage loan modification: What it is and how to get one
Bankrate via AOL· 2 months agoKey takeaways Loan modifications are a long-term mortgage relief option for borrowers experiencing...
Loan modification vs. refinance: Which option is best for you?
Bankrate via AOL· 2 months agoKey takeaways If you're seeking more affordable mortgage payments, a loan modification or refinance...
How to stop foreclosure
Bankrate via AOL· 6 months agoKey takeaways Foreclosure occurs when a homeowner stops paying their mortgage for an extended period — typically 120 days following the first missed...
What is ‘Zombie Debt?' Why homeowners are facing foreclosure on old mortgages
USA TODAY via Yahoo Finance· 2 years agoRose Prophete thought the second mortgage loan on her Brooklyn borough of New York City home was...
How does payment deferral work for personal loans?
Bankrate via AOL· 4 months agoKey takeaways Deferment can temporarily pause your loan payments while keeping your accounts current. Lenders usually ask for proof of financial hardship...
What is an acceleration clause? And what triggers it?
Bankrate via AOL· 3 months agoKey takeaways Acceleration clauses, a common feature in mortgage contracts, require that you pay off...
Missing mortgage payments: What happens, and how many can I miss before foreclosure?
Bankrate via Yahoo Finance· 9 months agoKey takeaways If you miss four consecutive mortgage payments (120 days), most lenders begin the...
Preforeclosure: What it is and how it works
Bankrate via AOL· 6 months agoKey takeaways Preforeclosure begins when a homeowner has missed several monthly mortgage payments (often three consecutive payments in a row)....
VA unveils new program to buy defaulted mortgages
HousingWire via Yahoo Finance· 2 months agoThe U.S. Department of Veteran Affairs (V.A.) announced on Wednesday morning a program to purchase defaulted V.A. loans from mortgage services and place...
Department of Veterans Affairs pauses VA loan foreclosures for 6 months
HousingWire via Yahoo Finance· 7 months agoThe Department of Veterans Affairs (VA) is pausing foreclosures on homes financed with VA loans for...