Sentences with phrase «to lead to foreclosure»

Choosing the wrong type of loan could cost you a lot of money, or even lead to a foreclosure scenario.

A series of late payments which led to a foreclosure will without a doubt decrease the credit score.

Large mortgages can lead to foreclosure if you miss payments.

Perhaps you had no expectation of the downturn in the economy leading to foreclosure on your house.

It then asserted that the default rate led to foreclosures in the city that lowered property values and the city's tax base, costing it money.

So long as residential properties sell for less than their mortgages there is downward pressure on prices, because negative events lead to foreclosures, not sales.

For borrowers who faced genuine financial hardships leading to foreclosure, underwriters are likely to be more sympathetic a few years down the road.

These mistakes can cause you to pay more than you need to, prevent your loan from closing or even lead to foreclosure and bankruptcy.

Is there a way to insure that the original owner will not pocket the monthly payment I make leading to foreclosure of the property?

If I had a variable rate mortgage I would be facing the risk that a significant rate increase could make the mortgage payments unaffordable eventually leading to foreclosure.

FHA is reviewing its lender approval policies in efforts to reduce loan fraud and substandard lending practices leading to foreclosure.

But these same innovations contributed to unsustainable mortgage situations that inevitably lead to foreclosure — for millions of Americans.

I know there are plenty of relators claiming to be specialist in short selling, but this could be a very bad outcome if homework and research is not done leading to foreclosure.

What he did was refinance the property sometime in 2009, then stopped paying which led to foreclosure by April 2010.

If the payments are made, the entire process leading to foreclosure can be halted.

Sit back while underwater mortgages lead to foreclosures, which then cause a drop in the value of neighbors» homes?

Failure to repay your loan leads to defaulting, and defaulting leads to foreclosure.

The effect of these terms may lead to foreclosure of other suppliers or buyers, facilitate collusion at the supplier or buyer level, or directly lead to a reduction of intra-brand price competition through retail price maintenance.

Loan flipping promises a monthly paycheck from your home's equity, but it can drain your wallet and even lead to foreclosure.

If you could not make your full scheduled monthly payment on your traditional loan, your lender would consider you late and then it would ultimately affect your credit rating and if you could not catch up could lead to a foreclosure on the property.

Your lender will also be sure that they are not lending you excessive amounts, which may eventually lead to a foreclosure should you default on the mortgage.

Fourth, how long one must wait to get an FHA loan depends on the facts and circumstances which lead to foreclosure and bankruptcy.

He likened the financial sector to a house burning down — fair enough, as it is destroying property values, leading to foreclosures, abandonments, stripping (for copper wire and anything else recoverable) and certainly a devastation of value.

For most homeowners, this means that defaulting on a mortgage will lead to foreclosure.

For most homeowners, this means that defaulting on a mortgage will lead to foreclosure.

Limited employment prospects force them either to relocate or to settle for a smaller wage, which simply may not be sufficient to service debts and life expenses, and may lead to foreclosure and bankruptcy.

In this latter case, missed HELOC payments could lead to foreclosure and put you out on the street.

Mortgage modification can help thousands of homeowners, although many homeowners may assume that they do not qualify and never seek out the modification of their mortgage loans, which can lead to foreclosure.

The terms of your reverse mortgage require keeping taxes and insurance payments current; violating your mortgage terms can lead to foreclosure.

If you break your lease, it may affect you, but failing to fulfill your obligations on a mortgage can damage your credit for years and lead to foreclosure and bankruptcy.

Whether you're newly divorced and never had a chance to build your own credit, or have experienced financial difficulties that led to foreclosure or late payments, bad credit scores can haunt you for years.

Failure to pay the home equity line of credit as agreed can lead to foreclosure and loss of your personal residence.

You should carefully consider this loan because failure to meet the payments could lead to a foreclosure.

A mortgage default will lead to foreclosure, and an unpaid car loan can result in repossession of the car.

Thing is, local hot real estate markets often revert; if the reversion is bad enough, it leads to foreclosures.

These mistakes can cause you to pay more than you need to, prevent your loan from closing or even lead to foreclosure.

They're government - insured loans, which means if you drop the ball and stop paying your mortgage, leading to foreclosure, the government will bail out your lender who made you the loan.

The results have been dangerously low downpayments and exorbitant monthly mortgages — both of which could lead to foreclosures of epidemic proportions in troubled times.

In short, factors that lead to foreclosure, such as business failures, plant shut - downs, area unemployment, or the over-all ill health of the nation's economy, should be more worrisome to homeowners in general, than an actual nearby foreclosure that may have been caused by a sudden and unexpected event in the life of one particular homeowner.

Finding out there is a huge lien on the property transferred to you upon the sale could lead to foreclosure.

Providing a reasonable explanation about the circumstances that led to the foreclosure — such as exuberant medical expenses — is also helpful.

But existing health problems also can lead you to foreclosure, a new study shows.

Providing a reasonable explanation about the circumstances that led to the foreclosure — such as exuberant medical expenses - is also helpful.