Why is there a LIEN on my home?
Manage episode 431188922 series 3290871
What measures can individuals take to protect themselves in the event of a financial crisis or the passing of a spouse or partner?
The Real Credit Queen, Angela Setters Bassard explains the basics of property liens, and their impact on your property and your finances. This episode was inspired when a client needed advice - a young widow who was unaware of her husband's financial dealings which leading to complications with a lien on their property.
This episode explains the differences between various home loans, such as equity loans and HELOCs, and highlights the necessity of understanding the terms and obligations tied to these financial instruments.
This tough situation really highlights the need for an emergency plan to navigate financial uncertainties smoothly, and the value of having knowledgeable guides and consultants in financial matters.
It is so important to be prepared and to protect your assets like your home!
01:21 Upcoming Guest
01:54 Understanding Liens on Your Home
02:23 Client Case Study: Financial Challenges After Loss
04:28 The Importance of Financial Planning
07:42 Types of Home Loans and Liens
11:06 Navigating Second Mortgages and Foreclosures
19:12 Selling Your Property and Settling Liens
Thank you for listening to "Your Credit Today." If you have not yet subscribed, please do so and share this valuable information with your friends and family. For personalized assistance, feel free to email Angela at Angelas@conquercredit.com or online at angelabessard.com.
If you require a speaker to provide expert Creducation to your organization, do not hesitate to reach out. My goal is to help you master your credit, enabling you to take proactive steps towards a secure financial future.
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107 episodes