Understanding the Commercial Foreclosures Process
It’s not uncommon for businesses to fall into financial hardship. Falling behind on a mortgage payment can happen to businesses, too. Failing to meet a mortgage payment date or violating the terms of the loan in some other manner is a default. When a default occurs, a lender usually begins a foreclosure proceeding in an […]
What to do When Selling a Home With Negative Equity
When your home value falls below the amount you still owe on your mortgage, this is considered negative equity—or an underwater mortgage. There are many reasons a home can fall into negative equity, including damages to the property, a declining real estate market, or a high loan-to-value ratio. In many cases, negative equity is simply […]
How to Find Foreclosures and Seized Properties
Foreclosures often represent excellent investment opportunities, but it can prove difficult to find them before other investors. What’s worse, many sites promise to show you a database of foreclosed properties in your area, but they’re often filled with outdated information that you have to pay to access. Instead of wasting time with such tactics, try […]