When a family faces the threat and fear of foreclosure, it can be unsettling and stressful. The harm of losing a family home can seldom be overstated. Chapter 13 bankruptcy is one resource that may be useful to help avoid the foreclosure of a family home. Chapter 13 bankruptcy can provide foreclosure assistance to a family struggling to make their mortgage payments.
There are several foreclosure scams out there that can take advantage of any naivety or any bad decisions. Thus it is very important to keep informed about common foreclosure scams. These are some common forms of the said scams:
It's a bit of a cliché to say it, but your home is truly your castle. It's where you realize your biggest triumphs, live through your most heartbreaking moments and, most importantly, it's the place that holds your family. So the prospect of losing it can be devastating to those who are facing foreclosure. Perhaps that vulnerability is why people are more likely to fall victim to foreclosure scams.
When you buy a house, whether it's a starter home or your dream house, you do it with the intention of making all your payments, but sometimes life intervenes. Perhaps you lost a job or suffered the passing of a loved one who was the breadwinner of the household. However it happened, you find yourself behind on payments and stressed about the prospect of the bank foreclosing on your home.
This week, the nation's largest five mortgage lenders were officially required to comply with new rules set by the national mortgage settlement. For San Diego homeowners facing foreclosure or bankruptcy, this may be very good news.