September 2nd, 2009 by admin
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.
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August 25th, 2009 by admin
Foreclosure Nation: Mortgaging the American Dream is an informative book that is very detailed. If you want a better understanding of the current foreclosure crisis, this is definitely a book to consider. If you want help understanding how the mortgage and foreclosure processes work in general, this is also a great book. Olefson has laid it all out in the most understandable format.
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August 8th, 2009 by admin
You may have heard that by filing bankruptcy, you can stop foreclosure. While filing bankruptcy leads to the issue of the automatic stay which stops creditors and collectors from all collecting efforts, it does not totally stop the foreclosure process. However, bankruptcy certainly delays the foreclosure process which may be what the homeowner needs to figure something out with the bank. You need to find out more about the effects and consequences of filing bankruptcy because it can cause more harm than good in some cases.
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July 29th, 2009 by admin
There are many homeowners facing foreclosure now, even when there are signs that the real estate market is improving. Many people have been jobless and now they have depleted their savings and cannot afford to keep paying their mortgage payments. If you are facing foreclosure or think that you will not be able to keep up with your mortgage payments, this book called Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit will tell you what options you have. You can also get a free consultation to help you.
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July 27th, 2009 by admin
A lot of homeowners have taken advantage of loan modification. But, do you know if it is right for you? You should not do anything that you do not understand. Before you sign up for to modify your home loan, get a free consultation. You can get free tips and advice all for free of charge. There is no obligation and you will get plenty of information about different ways to prevent foreclosure. You need to find out all of your options before you choose one.
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