Short Sale vs. Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In ? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you … Continued

What is Pre-Foreclosure in Baltimore, anyway?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process.  Need to know what pre-foreclosure is?  Read on… So what is pre-foreclosure in Baltimore, anyway? Many homeowners across America and Baltimore are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of … Continued

How to stay in my home after foreclosure in Baltimore

Wondering ‘how to stay in my home after foreclosure in Baltimore?’ A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the … Continued

Understanding the Foreclosure Process in Maryland

Understanding the foreclosure process in Maryland is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not the … Continued

Can I sell my Baltimore house in foreclosure?

Do you have a Baltimore Maryland house that’s in foreclosure right now? Thinking ‘Can I sell my Baltimore house in foreclosure?  Many people going through the Maryland foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little … Continued