Author: Robert Sadowski

Foreclosure and preforeclosure are two terms that are commonly used in the real estate industry. While these terms may sound similar, they have very different meanings and implications for both homeowners and potential buyers. What is Foreclosure? Foreclosure is a legal process that occurs when a homeowner is unable to make their mortgage payments. When … Continued

When it comes to home sales in Henderson, there are typically three main categories: traditional sales, short sales, and foreclosures. Each category has its own set of advantages and disadvantages for buyers. Generally, properties sold through short sales and foreclosures tend to be more affordable. However, it’s essential for buyers to understand that the lower … Continued

If you’re worried about the possibility of your property entering foreclosure due to circumstances beyond your control, it’s crucial to consider working with your lender to find a resolution before the situation escalates. Understanding the foreclosure process can make it more manageable for homeowners in Henderson, so let’s delve into what you can expect. Default … Continued

If you are a homeowner filing for bankruptcy, your home becomes part of the bankruptcy estate, which includes all your assets. In Henderson, there was a notable twenty-seven percent increase in chapter 13 bankruptcy filings in October 2022 compared to the previous year. Overall, bankruptcies across all chapters saw a seven percent increase, mirroring the … Continued

Halting the foreclosure process of your Henderson residence can present challenges, but it is certainly not insurmountable. Managing negotiations with financial institutions, discussing terms, and feeling the pressure of mortgage obligations can be immensely stressful. Fortunately, various avenues are open to you. Foreclosure is a more prevalent issue than many realize, impacting millions of Americans … Continued

Owing more than your house is worth is not a favorable position if you should need to sell, even more so if you are under pressure to sell quickly for personal or financial reasons. Often already under a great deal of stress, taking on the sale of a house can seem like an overwhelming proposition. … Continued