WorkItOut.com: Mortgage FAQ

Mortgage FAQ

Frequently Asked Questions (FAQ)

Here are the most common questions relating to loans in default and answers by mortgage industry experts as well as questions and answers relating to the WorkItOut.com service.

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BANKRUPTCY

Can I save my home by filing bankruptcy?

How can I find an attorney?

How do I file for bankruptcy protection and is there a charge?

How many years will a bankruptcy show on my credit report?

What are bankruptcy judges and how are they appointed?

What is a joint bankruptcy petition?

What is Bankruptcy?

What is the difference between a Bankruptcy Trustee and a United States Trustee?

Will my lender still work with me to help resolve my loan if I am in bankruptcy?

CREDIT

Can FreeCreditReport.com be used as an alternative to annualcreditreport.com to obtain my free credit report allowed under Federal law?

How can I get a copy of my credit report?

How can I improve my credit score?

How do I avoid phishing scams?

How long will information remain on my credit report?

How many years will a bankruptcy show on my credit report?

Is there any problem in using a company that advertises that it will repair my credit for a fee?

What are the consequences of foreclosure?

What if I have lost my home to foreclosure, will I ever be able to buy a home again?

What information is included on my credit report?

What information is not included on my credit report?

What is Bankruptcy?

What should I do if I find an error on my credit report?

Why are my spouse's accounts not shown on my credit report?

Will the use of WorkItOut.com affect my credit rating?

DEFAULT

Are there any agencies that can help me catch up on my payments?

I'm having financial problems and don't know what to do. How do I save my home?

If I can't make my payment on time, should I tell my mortgage lender?

If I'm having financial problems, can my mortgage lender help?

Must I become a registered user of WorkItOut.com to work with my lender to resolve my default?

What can I do to stop my foreclosure?

What if I start having financial problems and can't make my mortgage payment in a timely manner?

What if my loan is in foreclosure and I want to reinstate my mortgage?

What is a loss mitigation department?

DIVORCE

Am I still liable to make my mortgage payments if my Divorce Agreement provides that my spouse is obligated to make the mortgage payments?

If I deed my interest in the property to my spouse or someone else, does this remove my liability from the mortgage loan?

FORECLOSURE

How long will it take my lender to foreclose on my home?

I'm having financial problems and don't know what to do. How do I save my home?

Is it too late to save my home if I am currently in foreclosure?

Is it true that lenders wait 90 days prior to starting foreclosure?

What are surplus funds and how can I be sure to get any funds that I am entitled?

What are the consequences of foreclosure?

What are the main things that should guide me when my loan is in default?

What if I have lost my home to foreclosure, will I ever be able to buy a home again?

What if my loan is in foreclosure and I want to reinstate my mortgage?

What is the best way to stop a foreclosure?

What options do I have to avoid foreclosure?

What will happen after the foreclosure sale?

FORECLOSURE SCAMS

A buyer wants me to sign a contract where I move out immediately, the buyer brings my loan current, fixes the property and then resells it giving me 20% of the net sale proceeds. Should I sign the contract?

Are mortgage elimination schemes legal and do they work?

Can FreeCreditReport.com be used as an alternative to annualcreditreport.com to obtain my free credit report allowed under Federal law?

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All materials presented in WorkItOut.com are presented as an author, publisher, distributor and seller of works subject to Federal copyright protection and are specifically presented from a mortgage lender's perspective. WorkItOut.com does not attempt to collect debts and does not provide bankruptcy assistance. The material is for informational purposes only and the information is not to be construed or relied upon in any way as legal or professional advice. WorkItOut.com strongly encourages you to to consult counsel and other appropriate professionals before adopting any of the ideas or suggestions in this material, which may or may not be applicable to your specific situation. WorkItOut.com does not guarantee the accuracy of the information, and is not liable for any damages, losses or other detriment that may result from the use of the WorkItOut.com website. In addition, WorkItOut.com does not guarantee the availability of the WorkItOut.com website.