What Are My Options After The Sheriff’s Sale?

This flashback Friday post clears up confusion about your options once a Sheriff’s Sale takes place. This question comes up on a fairly regular basis here in Minnesota. While the answer may vary greatly from state to state, there are some pretty clear rules for what is and is not possible after the sale date…
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HAMP Is Ending: What Does That Mean For You?

HAMP (Home Affordable Modification Program) was created by the government. This was in the wake of the mortgage meltdown of 2008 when Americans lost jobs, homes, and assets at an incredible rate. HAMP allows changes to mortgage terms in order to help homeowners to bring delinquent mortgages current and avoid foreclosure. It also makes payments…
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woman facing retirement

Facing Retirement And Debt? You’re Not Alone

According to the National Council on Aging, Americans are carrying more debt into retirement than ever before. 18% of Seniors are using over 25% of their income for debt payments.  Living on a fixed income with rising expenses, many seniors are making harsh trade-offs to meet debt obligations. In some cases this means skipping meals and foregoing…
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Would You Want Your Mom To Have A Reverse Mortgage?

As a reverse mortgage counselor I get that question all the time. Of course there is not a simple yes or no answer to the question because whether or not a reverse mortgage is a good fit really depends on the financial and lifestyle goals of the potential borrower. So I would want to have…
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Throwback Thursday: How To Avoid A Sheriff’s Sale

Throwback Thursday to a post about ways to avoid a sheriff’s sale on your home. A foreclosure is usually a very stressful time. Many families are struggling with other bills as well and may not have a back-up plan if the house is lost to foreclosure. It causes distractions at work as well as at home, and…
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