Margery Ellen Golant's Guides

What is a mortgage?

A mortgage is a debt agreement that is made between a person who wants to borrow money and a lender. The major difference between mortgages and other sorts of debts is that the borrower gives real estate as collateral. This collateral can be property which the borrower already ow...

1 person found this guide helpful

Foreclosure Defenses

In the mortgage crisis gripping this country, there is a great deal of attention focused on foreclosure and the damage it is doing to families, neighborhoods and the broader economy. Many people in mortgage trouble are begging their mortgage companies to "work with them." In m...

23 people found this guide helpful

Foreclosure Defense Attorneys vs. Foreclosure Consultants

Since the onset of the foreclosure crisis, we are all bombarded daily with TV and radio ads, billboards, signs on top of taxi-cabs, internet spam email, direct mail and even phone calls offering "mortgage assistance." The services offered vary, including: "forensic loan audits" ...

3 people found this guide helpful

Do I Need a Foreclosure Attorney?

People on the brink of or in foreclosure are constantly asking whether they need an attorney. Many people are struggling to defend themselves. Although the instinct is understandable, it is very dangerous. It is normally true that people dealing with foreclosure issues are hav...

13 people found this guide helpful

Causes of Foreclosure

There is a great deal of publicity currently about the epidemic of foreclosure sweeping the country. Everyone knows about it, but the details are not well understood. The purpose of this Legal Guide is to explain the "why" of foreclosure. What causes it? As explained in What ...

6 people found this guide helpful

What is foreclosure?

What is a mortgage ? A mortgage is a debt agreement that is made between a person who wants to borrow money and a lender. The major difference between mortgages and other sorts of debts is that the borrower gives real estate as collateral. This collateral can be property which th...

10 people found this guide helpful

Nonjudicial Foreclosure Process

Foreclosure is the process by which the lender takes control of the property which was pledged as collateral for the mortgage debt and sells the property to raise money to pay on the debt created by the Note. The sale extinguishes the borrower's interest in the property although...

11 people found this guide helpful

Judicial Foreclosure Process

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Mortgage and Loan Modifications - What Are They and How Do They Work ?

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Are You Considering Walking Away from Your Mortgage?

15 people found this guide helpful