Probate is the official legal process that reviews the will and assets of a deceased individual to determine the distribution of their estate. This process is overseen by a probate court, which ensures the assets are protected and distributed according to the will, if one exists and is validated. Should disputes arise, such as a … Read more

Pre-foreclosure marks the initial phase of the foreclosure process, potentially leading to the loss of a property due to unpaid debts. This stage typically begins after a homeowner fails to make mortgage payments for more than three months, resulting in a default notice from the lender. Once notified, the homeowner enters pre-foreclosure, during which the … Read more

A foreclosure can significantly affect your credit score, complicating future borrowing efforts for items like mortgages or car loans. Post-foreclosure, you may face higher interest rates and stricter loan terms, especially if your credit report shows late mortgage payments. Such late payments can remain on your credit report for seven years, although their impact on … Read more