Credit cards can be both a blessing and a curse for those who can’t seem to utilize them correctly. Many people have credit problems occasionally and sometimes problems become so severe that judgments may be issued against them in county court. A County Court Judgment, CCJ, typically is issued by the courts when a creditor has convinced the court that money is owed on a past due debt. Even once the debt is paid off, the County Court Judgement can remain on the credit record for up to six years. While many traditional lenders steer away from whose with credit problems, there are many lenders who will authorize a CCJ remortgage in many cases.
While high risk loans are usually more costly in terms of interest rates, there are lenders who are willing to look at individual circumstances to determine if a CCJ remortgage is a possibility. Not every application for a remortgage loan with a County Court Judgement on the record, under many circumstances they may be approved. The lender will look at how old the CCJs on the record are, when the most recent one was issued and how much they were for, for starters.
When the lender has […]

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Unless you have been living in a cave somewhere, you have probably heard that the residential real estate market is practically in the gutter. Foreclosures are at an all time high and are expected to continue to rise in the next two years. Many so-called real estate investors are packing up and heading back home, with their tails between their legs. But not you. Not if you know how to use this buyer’s market to your advantage and make more money than ever.
Junior lien foreclosures occur prior to an actual bank foreclosure. It takes about 6 months for the bank to complete the entire foreclosure process. During this time, the bank is not getting paid any money, the house is lived in but most likely not being taken care of properly, and the bank cannot sell the house. No money is coming in for the bank, but plenty is going out. Lawyers cost plenty and foreclosures have to go through the court system.

Because of the influx of foreclosures on the market, the court system is overburdened with the foreclosure process which means it can even take longer for a bank […]

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