Insolvency Exception
Understanding the Insolvency Exception in a Home Repossession Situation Home repossession is a frightening word for any homeowner. It means […]
Home Foreclosure Terms
Home Foreclosure Terms
Involuntary Lien
Understanding an Involuntary Lien in Home Foreclosure An involuntary lien is a legal claim placed on a property without the
Home Foreclosure Terms
Home Affordable Modification Program
Understanding the Home Affordable Modification Program and Its Role in Preventing Foreclosure The Home Affordable Modification Program (HAMP) was a
Home Foreclosure Terms
Judicial Foreclosure
Judicial Foreclosure: A Court-Driven Process in Home Foreclosure Judicial foreclosure is a legal process in which a lender seeks to
Home Foreclosure Terms
Loan Modification
What Is Loan Modification? A Lifeline for Homeowners in Financial Distress When financial hardships strike, many homeowners find themselves struggling
Home Foreclosure Terms
Loss Mitigation
Loss Mitigation in Foreclosure: A Homeowner’s Lifeline Loss mitigation is a process where lenders and homeowners work together to avoid
Home Foreclosure Terms
Lis Pendens
Lis Pendens: A Crucial Notice in Home Foreclosure The term “lis pendens,” derived from Latin meaning “suit pending,” plays a
Home Foreclosure Terms
Mechanic’s Lien
Mechanic’s Lien: Its Role in Home Foreclosure A mechanic’s lien is a legal claim placed on a property by contractors,
Home Foreclosure Terms
Mortgage Breach Letter
What Is a Mortgage Breach Letter in a Home Foreclosure Process? When homeowners fall behind on their mortgage payments, the
Home Foreclosure Terms
Offer in Compromise
Understanding Offer in Compromise in Home Foreclosure An Offer in Compromise (OIC) is a financial arrangement that allows homeowners to