Foreclosure Process – Two Types

Foreclosure occurs when you fall behind in your mortgage obligations and your lender proceeds to take legal action to reclaim your property and sell it at a public auction. There are two basic types of foreclosures. Most states, including California, follow the non-judicial foreclosure process. Other states follow the older more traditional process of judicial Read more…

Mortgage Fraud – Beware Of Flipping Schemes

House flipping is for those with an appetite for risk. Unfortunately, some flippers also have an appetite for fraudulent schemes and practices. According to RealtyTrac, over four percent of home sales in 2014 were flips. For purposes of the survey, a flip is defined as the purchase and sale of a home within a 12 month period of time. The Read more…