Sentences with phrase «staying out of foreclosure»

In terms of mortgage financing you want a loan with the best rates and terms — and you want a lender or insurance plan that shares your need to stay out of the foreclosure pool, that suffers if your loan goes bad.

Not exact matches

When housing prices tank, everybody loses; the banks are exposed to higher risk of mortgage defaults, insurers start having to pay out more for «gas leaks» claiming over-leveraged homes, realtors starve because their commissions go down (even as foreclosures put more homes on the market) and people faced with financial uncertainty will stay put in their current homes instead of moving elsewhere.

I have said it many times but we should have just let the people's homes go into foreclosure and let the market it work it out instead of all these «fixes» to try to get people to stay in homes they can't afford.

The idea is that if borrowers are eligible for the modification program but are unable to work out a plan to stay in their home, they — and their lenders — have a well - mapped route for executing a short sale or a deed in lieu of foreclosure.

If you're facing foreclosure, we can help you get the cash you need to stay out of the gutter and get your life back on track.