Tag Archives: Mortgage Default

Featuring – “Avoid Foreclosure following the S.M.A.R.T. S.T.E.P.S. Plan” eBook

Over the course of the next few weeks we will be featuring segments of our newly released eBook, “Avoid Foreclosure following the S.M.A.R.T. S.T.E.P.S. Plan”. This eBook is written to inform Homeowners going through foreclosure and Real Estate Investors about foreclosure.

Our eBook highlights “18 options to Avoid Foreclosure”, which we will be sharing with you through this blog. Please feel free to post questions and comments, it is easy to learn by studying, but it is through discussion that you begin to understand.

This is only one of the many useful sections of this 50-page eBook. If you are … Read the rest

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Avoid Foreclosure: Option 9 – RE-AMORTIZATION

Option 9. RE-AMORTIZATION.

Definition: The delinquency is added to the loan balance in order to bring your payments up to date. Adding past due loan amounts to your current loan balance increases your loan balance and will also increase your monthly payments. The amount of the payment increase will be smaller if the life of your loan is extended at the same time as well. This is a good option if the reason for your mortgage default was temporary and your future income will support the new payment.

Go here for more Foreclosure Coaching… Read the rest

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