When the bank sends you a notice of foreclosure, it may seem like a done deal. But, what if it isn’t? Kelly over at Taxgirl forwarded me an email that offers some great advice on how to work through the foreclosure process. The advice comes from Jacob Benaroya, president and managing partner of Biltmore Capital Group, an institution that purchases problem loans from mortgage lenders.
Here are 10 things  Benaroya suggests when your home is in foreclosure:

Don’t hide. Respond to mail and phone calls directly.
Be proactive. Contact the lender and talk about your financial situation.
Realize that the mortgage lender isn’t in …read more

When it comes to getting a home loan, there is a whole checklist of things that you need to take care of. And one of the most important is mortgage approval. Unfortunately, many people think that mortgage approval means that the financing is a done deal. It’s not.
Obviously, in order to get mortgage approval you have to have your credit score and report checked. But that may not be the only time that a mortgage lender checks your information. Some mortgage lenders (and it’s becoming more common since the credit market crash) check your credit report again.
This means that if …read more