When you miss a payment on your home loan for several months, your lender can initiate foreclosure. A foreclosure is the process by which your lender initiates the sale of the property under the loan to repay the amount owed them. The foreclosure process can take several months to a couple of years, and in …
Filing for bankruptcy might not be one of the things you would have foreseen doing as a homeowner, but this just might be the last resort option that could help you avoid foreclosure. This option can also allow you to continue staying in your house, keeping you from being homeless as you work on your …
At first glance, a rent-to-own deal seems to be an ideal option as it combines advantages of both renting and selling a house. As a tenant, part of the monthly rent you pay goes towards purchasing the home you are already living in. While you have already prepared to pay a monthly rent that’s higher …
Negotiating with contractors and sub-contractors is a given if you have a budget to stick to and want to avoid material and labor costs to spiral out of control. Don’t hesitate to negotiate with contractors. In fact in their line of business, this is expected. The negotiation process starts during the bidding when you get …
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