With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Little Rock anyway? Many homeowners across America and Little Rock are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending […]
Tag Archives | foreclosure
How to stay in my home after foreclosure in Little Rock
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 business to loan people money. But when they have to foreclose […]
Understanding the Foreclosure Process in AR
Understanding the foreclosure process in AR 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 […]
Can I sell my Little Rock house in foreclosure?
Do you have a Little Rock AR house that’s in foreclosure right now? Many people going through the AR 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 more complicated, but usually you […]
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