Frequently Asked Questions

• Are you at risk of foreclosure?
  If your financial situation has changed for the worse, you may be worried that you might be at risk of foreclosure.  Have your finances changed due to a mortgage payment increase, loss of … more
• How do creditors get paid when foreclosing on a house to satisfy unpaid debts?
  A foreclosure is where the creditor collects its lien by forcing a sale of the debtor's real property. The creditor receives the amount of the proceeds from the sale equal to the unpaid debt plus … more
• What happens when you miss your first mortgage payment?
  Foreclosure processes vary by state.  However, typically, after you miss your first month missed payment, your lender will contact you by letter or phone. A housing counselor may be able … more

Legal Articles

• Secured Transactions: Which Party is Secure?
  Americans know how hard it can be to get a loan. Even in good economic times, responsible lenders may be cautious about lending money if they are concerned about a borrower’s ability to repay the loan. Many lenders, therefore, decide to take a security interest in the personal property which is being purchased with the loan money. A loan that is issued with collateral that … more
• What is the Fair Credit Billing Act?
  At one point or another, everyone has had problems with billing on an account. Maybe you bought a new dining room table for which your credit card company billed you twice. Or maybe you returned that new dress you bought that didn’t fit, but you still were billed for it. Sound familiar? If so, you can benefit from being aware of your rights under the Fair Credit … more

Legal Guides

• Mortgage Payments Sending You Reeling? Here’s What to Do (FTC Facts for Consumers)
• How To Avoid Foreclosure
  This guide, by the U.S. Department of Housing and Urban Development, provides valuable … more
• Providing Alternatives to Mortgage Foreclosure: A Report to Congress
• Foreclosure Rescue Scams: Another Potential Stress for Homeowners in Distress
• Knee Deep in Debt? (FTC Facts for Consumers)
  This Federal Trade Commission guide provides information about your options when you become … more

Top Related Consumer Finance and Foreclosure Topics

• Buying a Home
• Defaulted Loans and Workouts
• Financing a Home
• First-Time Home Buyers
• Home Buyers and Mortgages
• Home Seller Breach of Contract
• Other Real Estate and Homeowner Issues
• Private Mortgage Insurance
• Refinancing a Home
• Regulations Concerning Deposits, Mailing Materials, and Contacting the Copyright Office
• Remedies for Tax Problems

Google Advertisements