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When you’re experiencing financial hardship, life becomes full of uncertainties. Looking at your monthly budget can be incredibly stressful. Where is the grocery money coming from this month? What funds are available for the utility bill? How will you cover the mortgage payment? The last question—the mortgage payment—can be the biggest concern. It may be the largest bill to cover…
Being faced with the prospect of losing your home can be a scary situation to be in. You may worry about your child’s future and about how you will bounce back after losing your home. There are many ways to avoid foreclosure. In general, it is necessary to take early action to put preventative measures in place. While it may…
Being faced with a home foreclosure puts a tremendous amount of emotional, mental and financial stress on you and your family. In addition to the risk of losing your home, there are many other negative aspects to the foreclosure process which is why it’s important to explore your options to avoid foreclosure. If you are struggling financially and worried about…
You’ve always struggled to manage debt. It’s been one of the major stressors in your life and, while you understand that in some cases, debt is necessary, you often feel like you’re barely staying afloat. You’re not alone. It’s a stressful way to live, but it’s a reality for many people in Ohio and across the U.S. When you live…
Falling behind on mortgage payments due to significant financial struggles can be stressful and harrowing. Similar hardships may leave a homeowner in Cincinnati or Dayton in search of guidance concerning the available options. In some cases, a person may wish to explore the potential advantages of a short sale. While this option might not be ideal, it could be preferable…
Navigating Choices During Foreclosure: Exploring Your Path Forward While purchasing a home can be fulfilling, taking on a mortgage can be a major financial obligation. Individuals in Ohio who encounter times of monetary unrest may find it challenging to make their monthly payments, and should their troubles persist, they could grow concerned that they will end up facing the possibility…
Ohio residents who are in danger of having their homes foreclosed will have various foreclosure prevention strategies available to them. In some cases, bankruptcy or simply renegotiating the terms of one’s mortgage can help homeowners in this kind of situation. Two other foreclosure prevention strategies for homeowners include the “assumption of the mortgage” and taking advantage of a lease-option. Is…
Many in Ohio believe that homeownership is the American dream. In fact, some may postpone other important life events, such as getting married or having children, until they have purchased a home. However, owning a home comes with heavy responsibilities, not the least of which is paying mortgage payments on time. Failing to do so can lead to the devastation…
You’ve been living in your home for 10 years, and it was never difficult to make the monthly payments on your mortgage. During the last decade, you’ve built up a sizable amount of equity in your home, and in a few short years you’ll own the property free and clear. The problem is, you just lost your job and you’re…
Many homeowners in Ohio and across the nation may find that falling behind on mortgage payments can be a daunting experience. Unfortunately, a similar issue might not be as uncommon as expected, as a sudden loss of employment or medical emergency can leave one’s finances in a bind. Those who experience extended periods of financial struggle may be worried that…