With millions of homes under foreclosure around the country, it’s critical for both buyers and mortgage holders to understand how the process works. Therefore, what is pre-foreclosure exactly? Many homeowners in Weatherford and across the United States are having trouble keeping up with their monthly mortgage payments. In Texas, when a homeowner misses their mortgage […]
Tag Archives: short sale
Short Sale – What Does It Mean And How Can You Benefit From It
What is a short sale and how does it benefit you here in Fort Worth? You can sometimes avoid mortgage delinquency by the strategic use of a “short sale”. Despite the fact that in today’s market a short sale can be tough to obtain, it frequently proves to be a less complicated approach to settle […]
House Is Underwater – What Does It Mean And What Not To Do
What does it mean when your house is underwater? A financial contract or asset that is worth less than its theoretical value is referred to as “underwater.” The word is most usually applied to a house or other big asset with an outstanding mortgage or loan that is more than the item’s value. Nothing is […]
Foreclosure Prevention Measures
Local residents in Fort Worth, Texas, who are experiencing financial difficulties due to the pandemic or other factors, may end up facing foreclosure. Continue reading to learn about foreclosure prevention measures in Texas. Foreclosure is when the mortgage loan doesn’t get paid back as agreed to, and the bank begins the process to take ownership of […]