What is a Foreclosure Bailout Loan?

One of the first solutions that homeowners facing foreclosure consider is simply refinancing their loan. After the first couple of times that they are turned down, though, reality quickly sets in: refinancing in foreclosure is quite difficult. This should come as no surprise, as lenders have been increasingly unwilling to make loans to people with […]

How Can a Deed in Lieu of Foreclosure Help Your Credit Score?

Homeowners who are underwater in their homes or have no other options to avoid foreclosure are often counseled to use a deed in lieu of foreclosure to give their property back to the bank. In the right situation, this solution can be quite appropriate and will allow the owners to avoid the worst consequences of […]

Two Types of Foreclosure — Which Will The Bank Use Against You?

In many states, the mortgage company can pursue either of two different types of foreclosure. A judicial foreclosure involves a lengthier legal process and requires a lawsuit to be brought against the homeowners in a county court, while a nonjudicial foreclosure avoids the lawsuit and proceeds directly to the sale of the property under specific […]

Read the Court’s Foreclosure Lawsuit Documents — They May Not Have a Case

While reading some information on an online forum about foreclosure and legal issues, I came across this extremely interesting post by a homeowner dealing with a foreclosure. It really illustrates the importance of opening all of the mail that comes from the lender and the court system, as well as reading all of the documents. […]

Advice When You Are Facing Foreclosure And Need Help To Stop Foreclosure

Home foreclosures are a big problem across America and they seems to be growing with every day. Mortgage fraud and sub prime lenders continue to leave homeowners in loans they can’t afford and many homeowners were set up to fail from day one. In fact, we see many clients who were never able to make […]

How to find the right company to help you out of foreclosure

With so many companies out there offering help, how do you choose the right one? For every legitimate company, there are at least two companies trying to scam you out of money, so how do you pick the right one?
Here are 5 basic rules to follow when looking for help:

Nothing is free! If someone is […]

What is the Danger of Being Sued for a Deficiency Judgment After Foreclosure?

One of the greatest fears that homeowners in foreclosure experience is that the problem will never end and the bank will sue them even after foreclosure and go after their wages, retirement accounts, or other assets. Many of them fear a deficiency judgment by the bank, which is a separate judgment after the house has […]

Transferring The Deed Will Not Help You Stop Foreclosure

Unfortunately, many homeowners seem to buy into the myth that simply transferring ownership of their home will somehow relieve them of the responsibility to pay the mortgage and will end the foreclosure. This is a somewhat naive position, though, as putting the house into someone else’s name will not prevent the foreclosure from going through, […]

Where to stay after foreclosure when you don’t get approved for an apartment

Obviously, stopping foreclosure before it’s too late is always the best option, so if you are in fear of foreclosure, please find help right now, before it’s too late. But, if you’ve already lost your home to foreclosure and you are having trouble find a place to stay, here are a few options that will […]

How To Get Your Home Back After Foreclosure

There are three ways that we know of to get your home back after foreclosure. I am sure there are more options available, but these three have worked for us many times in the past and can work for you too.
1. Buy your home back during the redemption period. The redemption period is a time after foreclosure where the […]