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  How To Stop Real Estate Foreclosure


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

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(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


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How to Spot a Great Deal on a Foreclosed Home
13 Oct 2014 at 5:35am
One of the main reasons why families end up foreclosed is because of money. Sometimes people take too big of a step on getting a home and later can't afford it. Anyone with low income and low credit score are offered a "Subprime mortgage." Over time, they end up with higher interest rates and higher mortgages. But to make a great deal on foreclosed homes is what you're after. Then these helpful ideas can guarantee you a home without burning a hole in your pocket.

Why Buying a Foreclosed House My Be Your Best Bet As a Home Buyer
9 Oct 2014 at 8:22am
The housing market is cyclical and it currently is on a gradual rebound from the real estate collapse of 2008. The number of foreclosed properties is fewer than a few years ago, but there still are opportunities to buy a foreclosure at a respectable price.

Mistakes to Avoid on Flipping
3 Oct 2014 at 5:30am
Knowing when to walk away from a situational scenario that does not look promising, is not a prophetic science. Without question, some of the flips I closed and bought from builders in 2005 were clearly non-deal laggards that I should have walked away from. And I mean literally.

7 Ways to Stop Foreclosure Fast
23 Sep 2014 at 8:39am
The worst has happened, and your bank is threatening to foreclose on your home. What do you do? This is a trying time, and you might not be able to think of possible options. You might think that all hope is lost, and you're going to lose your home and ruin your credit. There are options, however, to stop that foreclosure in its tracks and preserve your credit and possibly even your home.
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6 Key Questions to Ask Before You Hire a Forclosure Attorney
25 Aug 2014 at 12:45pm
Today far too many hard working homeowners find themselves at odds with their bank or servicer. Frustration rises from botched modifications, predatory lending, mortgage fraud, illegal foreclosure and more. Homeowners turn to what at first appears to be the best solution for defending their home with an attorney. But buyer beware. More often than not money is unnecessarily drained away along with their home. Banking and finance are generally NOT specialties of the majority of lawyers. This article outlines key questions that must be answered to the homeowner's satisfaction before hiring the right foreclosure attorney if hiring one at all is even necessary to remain in your home.

3 Popular Foreclosure Myths That Harm Unsuspecting Homeowners
21 Aug 2014 at 3:29pm
More than 4.9 million homeowners have been foreclosed upon since the financial crash of 2008. While the government has levied fines upon banks the assault continues. More often than not homeowners don't know where to get accurate information. This article features some plain talk about banking, attorneys and foreclosure.

5 Steps You Can Take To Stop Foreclosure - You Don't Have To Lose Your Home
12 Aug 2014 at 1:07pm
It does not come as a surprise. You have anticipated the moment when you open your mailbox and found a foreclosure letter from your bank. Take a moment, take a deep breath, and grab the bull by the horns. You don't have to lose your home.
4 Damaging Effects of Foreclosure
11 Aug 2014 at 1:11pm
Having to go through Foreclosure is traumatizing and not just for everybody involved. You could be affected as well without knowing about it if somebody nearby you had to foreclose their home. The most obvious effect is that you and your family lose your home but there are also several overlooked effects that should also be considered.

Foreclosure Vs Short Sale
7 Aug 2014 at 5:18am
If you can't afford to make payments on your home loan, two options are foreclosure or short sale. Here's a look at each and how it impacts your credit score.
Insight Into the Foreclosure Mediation Process
1 Aug 2014 at 3:47pm
If you are considering entering foreclosure mediation, but aren't sure what to expect, don't worry. You are not alone. This article is intended to help ease your fears and give you more confidence about moving forward by providing some additional insight into how it works.

One Key Factor to Consider When Buying a House That Should Not Be Taken for G...
30 Jul 2014 at 7:40am
Buying a house is exciting especially if it's your first time to have one. Just make it sure that it is in a safe location.

Broker Price Opinion Form Fill Automation
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Up to now the most prevalent broker price opinion automation processes have used iMacros software. iMacros enables a user to call up a CSV export at the start of the script, followed by tags which direct the data from each spreadsheet cell to the corresponding field on the BPO form.

Broker Price Opinions and IMacros Achilles' Heels
3 Jul 2014 at 10:25am
iMacros has Achilles' Heels and I'm going to exploit them. Find out why this automation isn't the automation of the future for the Broker Price Opinion industry.

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