People who find themselves considering bankruptcy due to financial hardship often worry about the long-term implications of bankruptcy. Misinformation abounds on this topic, and many people are quick to claim that filing bankruptcy means losing your home. While it is...
Foreclosure
Are more foreclosures on the horizon?
The recent climate is extremely stressful for most Americans for several reasons; many citizens do not help a job, remain locked in their homes and struggle with the costs of living with limited or no income. It puts most families in a dark position where they have to...
Three last-minute tactics to prevent foreclosure
You may be behind on your home payments, and you're almost at the point where you feel like there is no way out of foreclosure. It's an overwhelming and terrifying thought for most homeowners. No one wants to face losing their home. But there are some last-minute...
What happens after taking out a second mortgage
Mortgages are fairly common. Anyone who buys a home or knows they will receive a mortgage loan until the property is paid off entirely or you decide to move. However, most people do not know that you can take out additional mortgage loans on your home, essentially...
What’s a “healthy” amount of business debt?
Most business owners anticipate costs upfront. Between loans, investments and property development, most entrepreneurs have to put in a lot of cash before they can see any profits in the future. But what's a reasonable amount for business-related debt? The answer...
What’s a “healthy” amount of business debt?
Most business owners anticipate costs upfront. Between loans, investments and property development, most entrepreneurs have to put in a lot of cash before they can see any profits in the future. But what's a reasonable amount for business-related debt? The answer is...
A short sale could help prevent home foreclosure
Falling behind on mortgage payments due to significant financial struggles can be stressful and harrowing. Similar hardships may leave a homeowner in Ohio in search of guidance concerning the available options. In some cases, a person may wish to explore the potential...
Understanding one’s options when facing foreclosure
While purchasing a home can be fulfilling, taking on a mortgage can be a major financial obligation. Individuals in Ohio who encounter times of monetary unrest may find it challenging to make their monthly payments, and should their troubles persist, they could grow...
Ohio foreclosure process allows time to resolve problems
Many in Ohio believe that homeownership is the American dream. In fact, some may postpone other important life events, such as getting married or having children, until they have purchased a home. However, owning a home comes with heavy responsibilities, not the least...
The 4 stages of home foreclosure
You've been living in your home for 10 years, and it was never difficult to make the monthly payments on your mortgage. During the last decade, you've built up a sizable amount of equity in your home, and in a few short years you'll own the property free and clear....
