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Consequences of Default on Hard Money Loan

March 20, 2023 by admin

Hard money loans are a common way to fund a real estate project. In many cases, these loans can be used to purchase properties that banks will not finance due to their risky nature. However, if you default on any one of these loans, there will be consequences. This article discusses the consequences of not … Read more

How long can I stay in my home after mortgage default?

March 11, 2023 by admin

The answer to this question will depend on your home state. Some states are judicial foreclosure states, some states are nonjudicial foreclosure states, and some states like Maryland are quasi-judicial foreclosure states. Judicial Foreclosure: Delaware, Pennsylvania, In a judicial foreclosure state, the lender will file a complaint seeking the money judgment and mortgage foreclosure. It … Read more