Foreclosure occurs when, for whatever reason, agreed to payments for a mortgage loan and not being made in a timely and consistent manner. The reasons this can vary as widely as there are homeowners, from the sudden loss of life from a contributing family member, unexpected loss of income, or a myriad of other possibilities. … Continued
The consequences of foreclosure have long-reaching effects that carry over into your personal and financial life for many years. Should you qualify for any type of credit moving forward, with a foreclosure on your report, you will pay the hefty interest due to the risk you now pose as a borrower. As life becomes more … Continued
Don Wede: Good morning, Don Wede with Heartland Funding Inc. I’m here in Elgin, Illinois this morning. It is August 20th, 2020. I’m here at the Elgin Mental Health Facility, actually Elgin Treatment Center where I’ll be going. You’re probably asking, why am I, Don Wede with Heartland Funding Inc. at Elgin treatment center? Well,…
People fall behind on their mortgages every day. In our latest post, we can help you learn how to stop the bank from foreclosing on your Chicago house! Foreclosure can be a difficult and frustrating process. Not only will you lose your house, but you will also lose your pride. It can be difficult for … Continued
Across the country, people are still losing their homes to foreclosure every day. The banks are taking houses and leaving hard-working people with nothing to show for it. If you are behind on your mortgage, you don’t have to let the fear of foreclosure ruin you. There are alternatives! In our latest post, we explore … Continued
If you have found yourself on the brink of foreclosure, there are a few things you can do to avoid losing your house to the bank. In our latest post, we will outline several ways you can stop the bank from foreclosing on your Chicago house! Nobody wants to find themselves in a place where … Continued
In general, going the traditional route to sell your house – that is, using a real estate agent, going through multiple showings, and waiting for a buyer to secure financing – will often get you a higher sale price. But it takes much longer, and you lose a good chunk of money to fees and … Continued
If you are faced with being in a foreclosure sale, you need to understand the best way to protect you and your family moving forward. While a foreclosure is never a good thing, it isn’t the end of your financial world. Here is what sellers need to know about foreclosure effects in Chicago to properly … Continued
While the housing market is rebounding, many people in Peoria are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do … Continued
Few things are more devastating to families than the prospect of foreclosure. You own your home and you love it — it serves you well. Yet, due to unfortunate circumstances, foreclosure may seem imminent. For local Illinois families facing foreclosure, the stress can be almost unbearable. Worse yet, the foreclosure process can take months or even … Continued
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