Nick Adama's Profile

Nick Adama's articles

  • Renting A Home In Foreclosure - Do You Keep Paying?
    Unfortunately, renters living in homes that are going through the foreclosure process still have to pay rent as long as the landlord is the legal owner of the property and the tenants have a contract with him to lease his property for their own use.
    Posted: 2009-04-06
    Category: Finance
  • Avoid Foreclosure By Trusting In Yourself
    Whether homeowners work on stopping foreclosure on their own, with a trusted attorney, or by hiring a specialized loss mitigation or foreclosure assistance company, there are a few issues that every borrower should be aware of to prevent against scams and have the best chance of success.
    Posted: 2009-04-06
    Category: Finance
  • Use HUD To Negotiate A Deed In Lieu With Your Lender
    For homeowners who have a mortgage insured by the Federal Housing Administration (FHA), there are options to obtain a deed in lieu of foreclosure.
    Posted: 2009-04-03
    Category: Finance
  • Four Reasons To Consider A Deed In Lieu Ff Foreclosure
    It is when they realize that there is little chance of recovering enough to save the home that borrowers will consider giving the bank a deed in lieu or just walking away.
    Posted: 2009-04-02
    Category: Mortgages
  • Bankruptcy and Foreclosure - Chapter 7 and 13
    For most homeowners, bankruptcy is certainly not their first choice to save their home from foreclosure. This is for a very good reason, as the credit effects can be quite serious and its results are generally poor, at best. Many of those who file bankruptcy to get out of foreclosure find themselves right back in the foreclosure process within in months of entering bankruptcy.
    Posted: 2008-02-28
    Category: Personal Finance
  • Defending a Mortgage Foreclosure Lawsuit
    Homeowners often avoid going to the initial foreclosure default hearing, which makes it very easy on the bank to win a case and proceed from foreclosure to eviction. Being aware of some of these legal issues, though, can encourage foreclosure victims to make it to the hearing and present their side of the story, which may result in a better resolution to the problem than a sheriff sale.
    Posted: 2007-12-24
    Category: Mortgages
  • Hard Money Loans can Help Prevent Foreclosure
    For homeowners who do own a significant amount of the home and have paid down their original mortgage, hard money lenders may be able to provide a source of funding to help them save their homes. There are various hard money loan programs offered by numerous lenders and investment groups, and, although there are additional qualifications and costs that must be met, this type of loan can be closed in a very short amount of time and can be used when homeowners are running short on time.
    Posted: 2007-10-26
    Category: Real Estate
  • Filing Bankruptcy to Stop Foreclosure
    Article describing how homeowners in foreclosure can use bankruptcy to save their homes. Examines the uses and implications of relying on bankruptcy to avoid foreclosure.
    Posted: 2007-07-24
    Category: Real Estate