Moe Bedard

When looking to walk away from your home and you need to buy some time before you move, will a loan modification review stop my foreclosure? Yes, in most cases, when you apply for a loan modification it can stall the foreclosure process. It has been my experience in operating our forum for over t...

Will I have a tax liability if I walk away from my home and let it go into foreclosure? It seems like more and more homeowners are deciding to strategically default on their mortgage as they walk away from their underwater homes. With real estate values plummeting and no end in sight for struggli...

A deficiency judgment is a court judgment lien against a borrower whose home was foreclosed on and the sale did not create sufficient tolls to pay the home loan in full. For example, if you have a first mortgage for $300,000 and your home is only worth $200,000, you would owe the $100,000 differe...

A Cape Coral, Florida police Sergeant, James O’Brien plead guilty today to mortgage and credit application fraud. The crimes may be punishable for up to 30 years in Florida State prison and a one million dollar fine. The police Sergeant allegedly committed fraud when he inflated the value of an i...

For homeowners who are struggling to maintain their current household bills due to a reduction in income, job loss, or an adjustable rate mortgage that is no longer affordable, finding a source of relief is crucial to help prevent foreclosure or other drastic events from happening. Often times wh...

A loan modification is basically just a modification of the original mortgage contract. The terms of your modification will identify any changes to that that will affect your current mortgage. Many borrowers are unaware, but when they sign their mortgage contract, there are specific terms and con...

Many homeowners who go through the foreclosure process are terrified. The fear of the unknown and what comes next has many homeowners suffering from sleepless nights and nightmarish days. This is one of the top five stresses that any one person can go through in their lives. Trying to find answer...

If you are going through the foreclosure process you are definitely not alone. These days are difficult for many homeowners to pay their mortgage due to the economic crisis we are currently facing in the United States. It is important to remember that a foreclosure must go through a legal process...

A foreclosure notice is simply a official notice bearing a warning to homeowners that if payments are not made, it may lead to a foreclosure of their properties involved. A foreclosure notice is also called a Notice of Default. It declares that a default has occurred and may lead to certain legal...

Foreclosure rescue scams have been spreading across the nation for the past couple years at an alarming rate. For the average homeowner it is crucial watch out for these scams so you can protect yourself and your home. If you have fallen behind on your monthly mortgage payments be aware that scam...