Once you get behind in your mortgage payments there are only five possible outcomes. Just as every airplane flight ends in a landing, one of the following five events is going to occur when you get behind in your mortgage. There are different rights and impacts for each of the five events.

Keep in mind that each person and entity’s situation is unique. Employment of an experienced lawyer is extremely important to both ensure that all options are explained to the client and that the client understands the legal impact of every decision that is being ...

Existing Nevada law allows banks and lenders to foreclose on Nevada homeowners without any judicial process afforded to these homeowners. As such, Nevada ranks first in the nation in foreclosures. Nevada law makers have recently adopted new law which essentially changes foreclosures in Nevada. AB149 was signed into Nevada law and becomes effective July 1, 2009. The bill was sponsored by Assemblywoman Barbara Buckley and Senator Steve Horsford. This bill is in direct response to the foreclosure crisis Nevada homeowners are facing.

Approximately 67% of homeowners are upside down in their houses. Due to the rapidly declining real ...<< MORE >>