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Mortgage Relief During the Coronavirus Outbreak If You Have a VA Loan

The coronavirus (COVID-19) outbreak has upended life all across the United States and the world. With this pandemic limiting many people’s ability to work and earn a paycheck, you might be among the thousands finding it difficult or impossible to keep up with your mortgage payments. The good news...

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Pennsylvania Foreclosure Process

A Pennsylvania foreclosure won’t start as soon as you miss a payment. Instead, the foreclosing bank or subsequent owner of the loan (the "bank") must normally wait for at least 120 days due to a federal law. This law ensures that a borrower will have time to ask for help with a foreclosure...

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How Do Reverse Mortgages Work?

Reverse mortgages are usually advertised as an ideal way for senior citizens to get extra spending money to supplement their retirement income. But taking out a reverse mortgage isn't necessarily a good idea. Before you get a reverse mortgage, learn how they work and consider the upsides and,...

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What Are the Differences Between Judicial and Nonjudicial Foreclosures?

Homeowners can lose their residential properties through one of two methods of foreclosure : judicial foreclosure (a process that involves the court system) and nonjudicial foreclosure (which allows a lender to sell the property without prior approval from a judge). The foreclosure type that your...

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Will I Lose My Home if I Don’t Pay the Property Taxes?

Sometimes, property taxes are paid through a mortgage escrow account that the lender sets up when a borrower takes out a home loan. With an escrow account, the borrower pays money to cover property taxes—and also typically homeowners’ insurance and possibly other items, like homeowners’ association...

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Wisconsin Foreclosure Process

Wisconsin homeowners won’t immediately lose their home to a foreclosure after falling behind on a mortgage payment. Federal law generally gives homeowners 120 days to research foreclosure avoidance options before the bank can start the process of taking a house. After this period expires, the...

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