Posts Tagged ‘how to save my home’
How Filing Chapter 13 Bankruptcy Can Save Your Home
September 2nd, 2009
Although it is not an attractive option to think about, filing for Chapter 13 bankruptcy can actually help you save your home and avoid foreclosure. Unlike filing Chapter 7 bankruptcy, with Chapter 13, you can set up a repayment plan that will allow you to pay missed mortgage payments over a long period of time such as three to five years. As soon as you file for bankruptcy protection, the lender has to stop the foreclosure process immediately until the bankruptcy case is heard in court. When the case is heard, you will work out a repayment plan that is acceptable for to the lender and you. Therefore, the lender will stop the foreclosure effort and you can keep staying in your home.
Avoid paying unsecured debts
The repayment plan will outline what you have to pay and when. If you have unsecured debts, you may end up paying very little towards them or pay nothing at all. That means, you will have money left to pay your missed mortgage payments.
Contest the foreclosure
Sometimes, you can contest the legality of the foreclosure on your home in the bankruptcy court. You can also contest any claims for costs and fees that are added to missed mortgage payments. A lot of the time, these costs are significantly reduced or eliminated when contested.
Get rid of other liens on your home
If you have a second mortgage lien or third mortgage liens on your home, you can usually get rid of them by filing bankruptcy. Most liens that are wholly unsecured can usually be dismissed.
Bear in mind, though, that filing for bankruptcy protection has lots of consequences so you should think carefully about your situation to make sure that it is what you want to do and what you need to do. If you need help or advice from a lawyer, you can use the service below to find one. The service is free and confidential.
Facing Foreclosure Alone is always tough. You've got to stay in the loop! So in case you're new here, you may want to subscribe to the Prevent Foreclosures RSS feed. It will keep you up to date with the latest resources and tactics on how to prevent your foreclosure from happening.
Posted in Bankruptcy, Ways to Avoid Foreclosure | 
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The Foreclosure Workbook
August 3rd, 2009
Even though we often hear in the news nowadays that the real estate market is improving, the job market is still not much better. People are still unemployed and they cannot afford to keep paying their mortgage payments. Many of them have fallen behind and they are now in foreclosure. While there are many new homebuyers and investors trying to snatch up good deals on foreclosed homes, homeowners in foreclosure are struggling and screaming for help. Who is going to come to their rescue? This book called The Foreclosure Workbook is America's #1 Do-It-Yourself Foreclosure Prevention Resource! While the government is trying to help, help is not coming soon enough and you might just need to find a way out of foreclosure yourself. This book will help you.
Prevent Foreclosure Today
Immediate Prevention. Most homes
can be saved. Fast & Free Advice
Across the nation, foreclosures are on the rise due to designer mortgages, rising debt ratios, and depressed housing markets.
Most homeowners have no idea where to find basic, credible, and instructional information about the foreclosure process, or what to do when facing the time crunch before an auction.
The Foreclosure Workbook is a revolutionary system that provides an unprecedented approach to foreclosure avoidance, protection, and survival. This workbook presents a proven step-by-step process that guides the homeowner in distress through the hurdles of foreclosure, and presents critical information about state procedures, foreclosure protection legislation, con artists, options, and much more!
This is the one-stop resource that homeowners need - arming them with easy to understand facts and processes for how to maneuver through the onslaught of mail they receive, fight off foreclosure scams, and organize and prepare a plan for saving their home and credit. Carla Douglin is a national speaker, CEO of Dominion Foreclosure Consulting Services, Inc., and founder of Dominion Housing Counseling Services, a nonprofit organization.
Posted in Foreclosure Consequences, Foreclosure Laws, Foreclosure Process, Foreclosure Timeline, Ways to Avoid Foreclosure |
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Stop Foreclosure Now
July 29th, 2009
Although, there are signs that the real estate market may be improving, there are still many homeowners in foreclosure and many are about to default on their mortgage payments because they have just depleted their savings, having been unemployed for a while. For those homeowners that need help and advice on how to stop foreclosure, there are many resources that can help. This book called Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit, for example, will tell homeowners what to do to stop foreclosure now. There is no time to waste. The sooner you act, the better your chance of preventing or stopping foreclosure.
You can also get a free consultation that can help you explore your options about how to get out of foreclosure and help you fight to keep your home.
Free Consultation
Prevent Foreclosure Today - Immediate Prevention. Most homes can be saved. Fast & Free Advice
There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes.
This book is required reading for anyone confronting foreclosure. Foreclosure is not the end of the world - or even the end of your home, necessarily.
First, know that you're not alone.
Foreclosures affect all kinds of people and all kinds of properties. Like many people faced with foreclosure, you may feel helpless, hopeless, and resigned to giving up your house without trying to save it. If so, cheer up! You actually have some good, solid options to take control of the situation, avoid foreclosure proceedings, and even protect your credit.
Depending on which option you choose, Stop Foreclosure Now will help you:
- decide whether your property is really worth saving
- figure out how much time you have to respond
- negotiate with your lender
- use the courts to stop the foreclosure
- decide whether bankruptcy is a good option
- arrange to refinance your property
- sell your property quickly
- use military status to stop foreclosure
- understand foreclosure laws in all 50 states
Includes all the necessary forms and step-by-step instructions.
Book Description
We’ve all heard the reports. Americans are losing their homes in record numbers, and the housing crisis seems unlikely to subside anytime soon. Foreclosures affect all kinds of people and all kinds of properties. Many people faced with foreclosure feel helpless and resigned to giving up their homes without even trying to save them. The good news is that with the right advice, homeowners can take control of the situation, avoid foreclosure proceedings, and even protect their credit. Lloyd Segal, mortgage banker, attorney, and real estate investor has spent the last twenty-five years helping homeowners save their houses.
Buy Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit
Posted in Foreclosure Consequences, Foreclosure Laws, Foreclosure Process, Foreclosure Timeline, Help to Avoid Foreclosure, Ways to Avoid Foreclosure |
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