One way to stop foreclosure on your home is to sell it and use the proceeds from the sale to pay off the mortgage. Unfortunately, most of the time this is much harder than it sounds. There are two reasons for this: First of all, it often takes a long time for a house to sell and if you are facing foreclosure, time is something you don’t have a lot of. The other reason is that with real estate prices falling, the amount owed on the home is often more than the house is likely to sell for.
The amount… Read more »