Foreclosures Tips.net 

  How To Stop Real Estate Foreclosure


PLEASE NOTE:

(a)  Information on this site relates principally to the United States market.

(b) Commercial Adverts, Products and Articles on this site may meet your needs To fight/avoid foreclosure or

(c) for those who seeking out Resources In Order To Deal In and "Profit" - From Real Estate Foreclosures.

(d) If you are Currently in Danger of Losing Your Home To a Potential Foreclosure action then go to the Govt site info at Foreclosure Tips below. 

 

Foreclosures

A Home Owners Nightmare Sweeping The US And Beyond 

"Foreclosure" A home owners nightmare currently sweeping the US and beyond  as result of, principally, the "Sub-Prime Mortgage"  market collapse. A  market designed by skilled "Gamblers" who, unlike their lesser counter parts playing a straight  "Game of Chance" in the Nevada casinos - Set out to established a game, to be backed by vast sums of international money, and, where the principal players could only win irrespective of any monies lost by their organizations at the end of the day. 

Recent news articles report that "The FBI's investigation of sub-prime lending practices could take a long time, officials say" - The SEC has opened about three dozen civil investigations into the sub-prime market collapse" A FBI spokesman has indicated they now have "34 mortgage fraud task forces and working groups that included other federal agencies and state and local law enforcement officials" and that "We consider it a significant and growing crime problem" 

So What! at the end of the day, apart from a few "Fall Guys" to feed the media and public needs,  the real parties responsible, financially able to buy the best in legal representation, will remain  free to sit back to enjoy their gains. Or, perhaps not so this time.

As the full realizations of the effects of the massive negative financial impact on the US economy sweeps the population and its ongoing effects world wide most will appreciate that we are entering into very new era with new economic giants entering  the world arena. Some of these financial giants have already provided "bail Out" monies to US financial institutions and no doubt will provide more throughout the coming years(s). 

They are not doing it for love. Self interest and investment? yes. As new masters with major interests they may not be conducive to a future repeat performance of such financial set back and are expecting some sign of serious action by the US. One must wonder at how might the Peoples Republic of China or some of the Arab states deal with persons who were responsible for wrecking their economy. It was not to far past in history when the description for such action was called "Treason"

Many, Mr & Mrs decent Americans  may lose not only their homes but also possibly their saving and investments to institutions who were once pillars of good ethics, responsibility and ethical standing. 

While untold number will effectively be "losers" to this fiasco there will, by the law of nature, also be some "Winners" As in the great depression of 1929 there were those who emerged with greater strength and wealth and, so to will it be again.

The Brief thoughts of an old None US Fella  

Foreclosure Tips 

Extracted from The US Department of Housing & Urban Development site (HUD).

Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them?

* Don't ignore the letters from your lender
* Contact your lender immediately
* Contact a HUD-approved Housing Counselling Agency
* Toll FREE (800) 569-4287
* TTY (800) 877-8339

If you are unable to make your mortgage payment:

1. Don't ignore the problem.

The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

2. Contact your lender as soon as you realize that you have a problem.

Lenders do not want your house. They have options to help borrowers through difficult financial times. 

3. Open and respond to all mail from your lender.

The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.

4. Know your mortgage rights.

Find your loan documents and read them so you know what your lender may do if you can't make your payments. Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office. 

5. Understand foreclosure prevention options.

Valuable information about foreclosure prevention (also called loss mitigation) options can be found on the internet at www.fha.gov/foreclosure/index.cfm.

6. Contact a HUD-approved housing counsellor.

The U.S. Department of Housing and Urban Development (HUD) funds free or very low cost housing counselling nationwide. Housing counsellors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance. Find a HUD-approved housing counsellor near you or call (800) 569-4287 or TTY (800) 877-8339.

7. Prioritise your spending.

After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other "unsecured" debt until you have paid your mortgage.

8. Use your assets. 

Do you have assets-a second car, jewellery, a whole life insurance policy-that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income? Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home. 

9. Avoid foreclosure prevention companies.

You don't need to pay fees for foreclosure prevention help-use that money to pay the mortgage instead. Many for-profit companies will contact you promising to negotiate with your lender. While these may be legitimate businesses, they will charge you a hefty fee (often two or three month's mortgage payment) for information and services your lender or a HUD approved housing counsellor will provide free if you contact them.

10. Don't lose your house to foreclosure recovery scams!

If any firm claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home! Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a trusted real estate professional, or a HUD approved housing counsellor.

Visit The US Department of Housing & Urban Development site (HUD) for further information.

 

"Here's How To Stop Foreclosure And Save Your Credit In 9 Days Or Less"

I'm About To Show You Step-By-Step Instructions For Stopping Your Foreclosure. -Secrets That Overpaid Loan Officers, Mortgage Brokers And Real Estate Investors Don't Want You To Know About Stopping Your Foreclosure.



Stop Foreclosure!

Learn Techniques And Remedies That Stop The Foreclosure On Your Property. Information That Has Been Hidden From Us For Over 75 Years

Use little known ways that can effectively save your home from FORECLOSURE  Ways that Attorney's can't tell you


Foreclosures - Information Articles 

Real-Estate:Foreclosures Articles from EzineArticles.com
Real-Estate:Foreclosures Articles from EzineArticles.com
EzineArticles.com is Trusted By Millions as The Source For Quality Original Articles

Why in the World Would Someone File Chapter 13 Bankruptcy?
15 Apr 2014 at 6:08am
Over the last few years all I have heard on the news is how good things are and that recovery is in full swing. At the beginning of 2014 Janet Yellen got appointed as the new Fed chair and immediately started pumping up her plans of tapering quantitative easing. Since the last QE began, the Fed has admitted to printing $85 billion a month to add liquidity to the market.
Try and Save Your House From Foreclosure by Filing Bankruptcy
8 Apr 2014 at 6:28am
Back in 2008 the national debt was at $10.02 trillion, now that number is closing in on $18 trillion. It's crazy to think that it's almost doubled in five years.
BPOs and the Real Estate Agents That Build Them
5 Apr 2014 at 11:58am
To a mortgage company, having a BPO, or Broker Price Opinion, is a must when processing their foreclosures. Real Estate agents and Brokers play a important role in the accuracy of these BPOs.
An Easy Way to Buy Foreclosures and Save a Lot of Money, Written by a Long-Ti...
31 Mar 2014 at 10:26am
Do you want to know the easiest way to buy foreclosures? I am a long-time Realtor, and I am going to share the best ways to purchase foreclosures. I can tell you there are many misconceptions about buying foreclosures. Such as, you have to buy them at the court house steps or take big risks when buying foreclosures. There are many rewards in buying foreclosures but also many risks especially if you are not prepared. This article will give you some tips on the best approach to buying foreclosures.
What Is an REO? Real Estate Owned Properties
27 Mar 2014 at 10:23am
So many home buyers still do not know what a REO is. Your agent should know. You will come across REO properties if you are actively looking for a home, so here is at least the basics on what you need to know.
Property Loss Mitigation
24 Mar 2014 at 1:41pm
Some of the options available to property owners in mortgage default are presented with a synopsis of the loss mitigation process. The applicability of the options depends on the stage of the delinquency, property profile, borrower profile, etc.
Foreclosure, Bankruptcy and Short Sales
20 Mar 2014 at 6:20am
Keeping perspective for the future and weighing one's options is vital if one plans to buy a home again. There are also a number of programs to assist homeowners who are at risk of foreclosure and struggling with monthly mortgage payments.
With Foreclosure Numbers Rising Again, Chapter 13 Bankruptcy to the Rescue
4 Mar 2014 at 6:02am
In 2007, realtors were shocked when the prices of homes started plummeting. I guess they never really looked at the true reasons for why the bubble was created. They sold houses for exorbitant prices to people that could not afford them based on a stated income that these folks really didn't make.
Big Maryland Bankruptcy Trends and Statistics to Know
27 Feb 2014 at 12:45pm
There are some major trends right now in the marketplace. It's important to know exactly what the latest Maryland bankruptcy trends and statistics are to help prepare yourself and know what to expect.
Home in Foreclosure? File Bankruptcy
26 Feb 2014 at 6:15am
Over the recent years, most Americans have heard quite a bit about the foreclosure problem and how many Americans have had to file bankruptcy to stop creditors from their aggressive behavior. Because there is so much information out there, many Americans have become armchair lawyers and offer up their opinions to their friends and family members. Everyone has an opinion and has their story, but what an individual needs to do is decipher the truth from exaggeration.
Top 4 Obstacles You Could Encounter When Buying A Foreclosed Home
25 Feb 2014 at 11:34am
When shopping foreclosed homes you never know what kind of unexpected obstacle you might meet. They may come from the bank, past homeowners, or even the market itself can prove as worthy adversary. In this article I explain four common issues that you might face while trying to buy a home that has been foreclosed.
Pros And Cons Of Buying Foreclosed Homes
21 Feb 2014 at 3:59pm
Pursuing and purchasing foreclosed homes is full of potential pitfalls for the uneducated buyer. Between buyer competition and emotional former tenants you never know what you may encounter when looking in to buying a home. In this article I have provided a few pros and cons for those that are still on the fence about getting in to this market.
Top 5 Tips To Consider When Buying Foreclosed Homes To Renovate And Sell
20 Feb 2014 at 2:39pm
Getting involved in foreclosure home buying can be intimidating for first time buyers. It was for me because I had a huge learning curve to overcome. In this article I will explain five tips that I learned along the way that helped me and will hopefully shorten your learning curve.
What Is So Important About An Assignment?
19 Feb 2014 at 7:12am
A person just can't be too careful these days. Those of us who research title and debt documents before buying at the trustees' sales have to be unusually careful when searching title and debt properties at the county recorder's offices. Sometimes we become too complacent when dealing with similar sounding documents like "Assignment of the Deed of Trust" and the "Deed of Trust with Assignment of Rents". Each of these documents commonly found in residential property research must be examined with special care so that a serious equity loss does not arise unnoticed. Have you found similar documents which require special care when researching?
How To Buy Foreclosed Homes With No Money
17 Feb 2014 at 9:19am
Whether it is for renting or simply you want your own home, buying a Foreclosed house can be a great way for you to own a house. Foreclosure is a legal procedure that allows people to buy homes at a price that is less than the actual market value. It is important to note that buying foreclosed homes is not for the faint hearted as it can be a long and tiresome procedure and there are certain risks involved in the procedure.

Newsfeed display by CaRP

Privacy Statement   /  Terms of Service   /  Contact