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Tag: foreclosure

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

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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 Indianapolis, Indiana? 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

What is a Pre-Foreclosure in Indianapolis?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Indianapolis anyway? Many homeowners across America and Indianapolis are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

Understanding the Foreclosure Process in Indiana

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Understanding the foreclosure process in Indiana is an important part of navigating your own home foreclosure. Before we dive in… Understanding the Foreclosure Process in Indiana What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun. … Continued

Can I Sell My House in Foreclosure in Indianapolis?

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Do you have a Indianapolis Indiana house that’s in foreclosure right now? Many people going through the Indiana foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can … Continued
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