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Avoid Foreclosure Glossary

A Abandonment The situation in which a homeowner leaves a house with no intention to return. Accrued Items of Expense Those incurred expenses that are not yet payable. The seller’s accrued expenses are credited to the purchaser in the...

Avoid Foreclosure Frequently Asked Questions

It is understandable to have questions when coping with a new and challenging situation, especially when a home is at stake. The reality is that millions of homeowners across the country are finding out that they have more questions than answer...

Home Financing FAQs

What do lenders generally focus on when you apply for a loan? Lenders look most closely at the “three Cs”-cash, credit, and collateral. Cash means you have enough money for a downpayment and closing costs. Good credit means you have borr...

Home Buying FAQs

What is an adjustable-rate mortgage? An adjustable rate mortgage, or ARM, offers a lower initial interest rate than most fixed rate loans. However, that rate resets periodically, usually in relation to an index. When the rate changes, the mo...