True or false? If your lender loses the original note on your loan, it can’t foreclose. The answer is: FALSE! That’s a myth, most of the time.
For the lender the note is the most important paper you sign at a real estate closing. Why? Because, if you don’t make your mortgage payments, the lender can’t [...]
One of the biggest mistakes you can make after getting served with foreclosure papers is to do nothing, figuring you’ll “just let the house go.” Not only will you lose your home, but the bank will probably get a deficiency judgment against you; that is, a judgment awarding the bank money for the difference between [...]
