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Archive for the ‘FAQ’s’ Category
Glossary Of Terms
August 14th, 2010
admin Accelerate—refers to an “acceleration clause” option, which may or may not be in your mortgage or deed of trust. Accelerate requires you to pay off the whole loan balance if the loan is in default.
Affidavit—this refers to a sworn statement, commonly given under oath and with the presence of a notary.
Appraisal—when your property is appraised, an authorized person will give you an estimate on the value of the property.
Frequently Asked Questions
August 14th, 2010
admin • What will happen if I’m behind on my mortgage payments?
• What’s the best thing to do when I’ve missed a few of my mortgage payments?
• What is “work out” resolution?
• My property is already undergoing the foreclosure process. Will I still have enough time?
• How long will a Short Sale take?
• Can I stay in my house once the Short Sale process is complete?
• How do I ensure this will work?
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