Consumer Finance and Foreclosure Attorneys
Frequently Asked Questions
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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 -
When and why does foreclosure begin?
Lenders will initiate foreclosure proceedings when homeowners become delinquent in their mortgage obligations, usually after three payments are missed. The lender will then notify the buyer in … more -
What happens after you miss a second mortgage payment?
After missing your second month of mortgage payments, if you haven't already been contacted by your lender, your lender will likely begin calling you to discuss why you have not made your … more
