Pasco couple fear losing home to foreclosure… for paying mortgage too early

The possibility of losing your home to foreclosure can be terrifying! Con artists can and will prey upon your fear of losing your home in tough economic times. You may be close to panic and desperate for a solution. Con artists know this and can target those most vulnerable for an easy score.

How to pay off a 30 year home mortgage in 5-7 years Losing Your House To Foreclosure Doesn’t Necessarily Mean You No Longer Owe Money To The Bank 6.18.13 11:06 AM EDT By Chris Morran @themorrancave just the beginning foreclosure less is mortgage.

Selene will even pay off their credit card balances or fix the garage if it helps them pay the mortgage. home loans. The first is that they simply can’t afford the payments, generally because the.

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What if I lose my home through foreclosure? Under the Mortgage Forgiveness Debt Relief Act of 2007, taxpayers generally can exclude income from the discharge of debt on their principal residence or mortgage restructuring.

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If you have missed more than three mortgage payments, or your lender has filed a Notice of Default (NOD), you might think the loss of your home is inevitable. Even at this stage, there are five strategies you can use to stop the foreclosure process.

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Delinquent borrowers facing foreclosure have discovered that they can stay in their homes for years without making mortgage payments — as long as they’re willing to put up a fight.

Will I go to jail over not paying my mortgage? A borrower will not go to jail if they default on their mortgage loan, but they could face criminal charges in a couple of extreme situations described below. In some states, foreclosure involves judicial proceedings. In other words, the lender must hire an attorney who initiates a foreclosure lawsuit against the borrower.

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