Foreclosure is the process through which a mortgage lender reclaims a property for which they previously financed a purchase. The property itself serves as the collateral for the loan, and if someone defaults on their mortgage and misses multiple payments, a lender...
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Month: May 2023
Options for homeowners in a divorce
Owning a home together can complicate your divorce. For many couples, it is their biggest asset and one that both are keen to keep. Here are some possible solutions: Sell up The house is just one of many assets that make the asset total you must divide. Selling it...
If you’re not careful, credit cards can trick you into overspending
When you use a credit card, it tricks you. It makes you feel like you're not actually spending money. After all, the cash is just a substitute for the barter system. You exchange labor for money, and then you exchange that money for the goods that you need. You...
3 causes of foreclosure
When you buy a home, you don't think of losing it unless when selling it - but lenders taking and selling it may be the last thing on your mind. However, foreclosure can happen to anyone, even those who have thoroughly planned for their mortgage payments. While this...