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The lure of easy money in real estate is something that many people succumb to. They only see the dollar signs that pop up in front of their eyes without seeing the dangers that can come of being overextended. Here are some do's and don'ts that are common when it comes to being in the real estate business to avoid.
The first step in the loan modification process is writing a hardship letter, or financial hardship letter, and contacting your lender. This article includes examples of financial hardship and a sample hardship letter template you can use to successfully start the loan modification process.
The use of nontraditional mortgages, such as interest-only and payment-option, has risen along with home prices and the real estate market. Should you take the risk?