Archive for the 'General Foreclosure Help' Category

Options for Homeowners in Mortgage Distress

In the past couple of years, a lot of homeowners have found themselves in need of some foreclosure help. With high rates of unemployment and decreased wages, more people are finding making their payments harder every month. Priorities have to be set and the first one needs to be food for the family. And lenders […]

How a Forensic Loan Audit can Help Foreclosure Victims

With all of the current programs and ideas that the housing industry and government are creating out to help homeowners save their properties from foreclosure, it seems new terms and acronyms are being invented everyday. One of the most bewildering that has come into common acceptance is a “forensic loan audit,” which is being sold […]

Use This Piece of Information to Save Your Home from Foreclosure

A smart home owner can use a slightly obscure fact to their advantage to try to prevent foreclosure by their bank. Did you know that it is less expensive for loan servicers to keep you in your home than actually go through with a foreclosure?
On average, it costs the lender between $60,000 and $80,000 to […]

Two Steps to Stop Foreclosure, and A Warning About Scams

If you are facing the loss of your home now or far enough delinquent in your bills to worry about it, getting foreclosure relief needs to be your first priority. The worst thing you can do is avoid dealing with your financial hardship. One of the most common mistakes people make is refusing to speak […]

Some Issues to Dispute in a Qualified Written Request to the Bank

When attempting to get information from a lender or servicing company, homeowners can take advantage of their legal opportunities under the Real Estate Settlement Procedures Act to send a Qualified Written Request (QWR). A QWR is meant to help borrowers raise disputes with their mortgage servicer and have those issues resolved in a timely manner.
Homeowners, […]

A Few Ideas to Get Foreclosure Help from Your Lender

Homeowners should keep in mind that the bank or mortgage servicer they are dealing with is 100% able to stop the foreclosure whenever they want. Especially if the borrowers are in a judicial foreclosure state, where it is required the bank begin a lawsuit to take the home back, if the lender/individual drops the case, […]

Contract for Deed and How Foreclosure Works

A number of homeowners exist in a kind of legal limbo between being renters and having a mortgage. They are not renting under a lease agreement, but they have not bought the property and obtained a mortgage. As well, they do not own the home they are living in outright. Instead, they have an agreement […]

Loan Modifications - More Rare than Advertised

For mortgage lenders, there is every incentive to negotiate with homeowners for a mortgage modification or other solution that will prevent foreclosure. Thus, the very few number of borrowers who end up receiving any help should surprise everyone. If banks and servicers have so many reasons to offer loss mitigation options to homeowners, why do […]

Why are Property Taxes Rising as Property Values Crash?

What is most amazing about the real estate downturn and economic depression is that government seems to keep on growing. In fact, government at all levels does not seem to have missed a beat, as they all seem to be growing. The only thing that has changed is the reason for continued government growth.
During strong […]

How Nonjudicial Foreclosure Discourages Homeowners from Saving their Homes

In nonjudicial foreclosure states, homeowners who believe they can fight back against the process face an additional challenge that borrowers in judicial states do not have to deal with. In a nonjudicial foreclosure process, the bank is able to proceed with selling a home at a public auction with no involvement by the local court […]

« Previous Entries