Devoted to real estate, real estate agents, and all things property related

Have you ever fallen on hard times, or had some unforeseen expense come up, resulting in paying bills late?  Generally, paying late means paying more.  Leasing companies, credit card companies, and retail stores, are examples of businesses who will charge consumers when payments don't arrive on time.  When you purchase real estate, depending on the terms of your mortgage, and/or the state where you live, paying late can mean losing your home.

CNN Money recently reported on state laws, and their foreclosure policies.  While New York's foreclosure process can take years, Alabama residents can lose their home in as few as one month. Click here, to read the article, and here to find out the term for foreclosure in your state.