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Short Sale vs Foreclosure – What’s the Difference in Lafayette?

Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Lafayette, Louisiana? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you stop … Continued

4 Things to do if You Are Upside-Down on Your Mortgage in Louisiana

Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for any homeowners. If circumstances force you to sell your house quickly instead of waiting out a … Continued