Posts Tagged ‘stop foreclosures’
How to Prevent Foreclosure
October 20th, 2010
Question: Need to know how to prevent foreclosure?
I bought my house from an individual who agreed to hold the note I obtained both the title and the deed to the property. The original owner died a year ago and I have since made out the payments to the "Estate of.."
I lost my income and am diligently looking for work but as of tomorrow I will owe 3 months on my mortgage and the nephew [executor] has said he is going to foreclose.
What are my rights and options? Can I protect myself via bankruptcy? Can I sell? Need help on how to prevent foreclosure fast!
Answer: Contact the people below, they offer Free consultation on any foreclosure related issues. You can ask them about how to prevent foreclosure. They will go over the options you have. They have helped many save their homes.
Some of the important things that you could do to prevent foreclosure are: –
Know about ‘Loss Mitigation Process’ - ‘Loss mitigation Process’ was initiated by the government of America to help people get out of a Foreclosure situation. This clause has many options, such as -
Loan modification - Under this, the terms of the loan mortgage could be modified for the ease of homeowner and help him get out of foreclosure.
VA loan modification or refunding - Under this option, homeowners loan is bought by the VA (Veterans Affairs).
Short Payoff – this is another option where the lender may chose to buy the property from the borrower so that the latter is able to get out the foreclosure situation.
Deed-in-lieu – in this, those homeowners who need to sell their house in a foreclosure situation (and their property has been on the sale for 90 days), get a repayment plan. This is valid for those who are past due for two or more months in their payments.
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 Help with Foreclosure | 
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The Homeowner’s Guide to Foreclosure
July 26th, 2009
Sometimes, foreclosure is unavoidable. Things happen to make homeowners fall behind on their mortgage payments such as the falling of home values, the credit crunch, loss of jobs or medical expenses. Unexpected things can happen and sometimes it is beyond the homeowner's control. However, when a homeowners cannot afford to pay his or her mortgage payments, it is a sure thing that the bank will soon start the foreclosure process. This book called The Homeowner's Guide to Foreclosure will give the homeowners in foreclosure or about to be in foreclosure a chance to save their homes. The book will explain everything from the foreclosure process to what to do when there is a chance that you can be foreclosed on.
Foreclosure is the last thing that anyone wants to think about. However, for a growing number of homeowners, it's something that is looming over them if not already on their doorstep. The Homeowner's Guide to Foreclosure provides answers to all your questions as well as step-by-step guidance on what you can do. If you, a friend, or a relative needs to avoid, delay, or stop a foreclosure, remember that the homeowner can take charge.
About the Author
James I. Wiedemer is a licensed real estate agent and has been a practicing attorney in Houston, Texas since 1979. Wiedemer’s experience in Houston’s active market includes buying foreclosures, conducting foreclosures, and stopping foreclosures. The first edition of this title was widely praised for its in-depth coverage of procedures. As a long time Real Estate educator, he is a member of both the Real Estate Educators Association (R.E.E.A.) and the Texas Real Estate Teachers Association (T.R.E.T.A.).
Posted in Foreclosure Consequences, Foreclosure Laws, Foreclosure Process, Foreclosure Timeline, Help to Avoid Foreclosure, Ways to Avoid Foreclosure |
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