Archive for the 'General Foreclosure Help' Category

Foreclosure and How to Deal with a Bank Being Taken Over by the FDIC

From Washington Mutual to the local bank on the corner, the government has been busy since the financial crisis began shutting down banks almost every week. Many of these banks are becoming insolvent due to their exposure to the subprime mortgage market and other risky loans that they extended to consumers or invested in to […]

Foreclosure and the FHA - Preforeclosure Requirements Lenders Often Violate

The US Department of Housing and Urban Development (HUD) has established requirements that lenders must meet in order to bring a legitimate foreclosure action against homeowners. These rules apply to mortgages that are insured by the Federal Housing Administration (FHA) and include a number of steps lenders and servicing companies must follow before foreclosing on […]

If the Banks Wants to Foreclosure, Make it Prove it Owns Your Note

One of the defenses to foreclosure that is becoming more widespread is the so-called “produce the note” strategy. Numerous cases have been thrown out once the bank has been unable to prove it owns the loan and can show the original note. Without having possession of the original note and being able to produce it […]

Why Loan Modifications are Required to be Rejected by Servicing Companies

The most recent development of President Obama administration’s Home Affordable Modification Program (HAMP) has not been good. Although more modifications are being accomplished on a cumulative basis, fewer than 10% of the applicants who qualify for a foreclosure solution under the terms of the program are given one by the mortgage servicers and banks. While […]

Why Can’t Lenders Produce the Note in Foreclosure Cases?

There is a growing trend among borrowers to defend foreclosure lawsuits by requesting mortgage lenders and servicing companies to provide the original note. When the lenders can not find the original note, judges are deciding that any foreclosure proceedings must be placed on hold until the note can be produced. Without this document, it can […]

Alternatives To A Short Sale When You’re In Foreclosure

If you are facing foreclosure and looking for a solution you may have thought about doing a short sale on your home.  Right now short sale investors are thriving in today’s current market because of how many people in foreclosure resort to using them.  But before you consider a short sale there are several other […]

Foreclosure and Your Lender

If you have or are about to miss a mortgage payment, foreclosure may be on your mind.  This means it is time to start talking to your lender and tell them about your financial difficulties.  You may be surprised how much assistance; they can be if you go to them early enough.
Most people are worried […]

Where to get foreclosure help

If you are a homeowner facing foreclosure, you are probably wondering what to do and who can actually help you.  You may have questions about the foreclosure process and what is going to happen.  How soon you’re are going to loose your house and what are your options for saving it.
You first best option is […]

Should You Work With A Real Estate Agent When In Foreclosure?

If you are a homeowner trying to avoid foreclosure, you have many options available to you.  Depending on your situation, some may work better than others.  You need to look and your individual circumstances before deciding on an option.  One of the main choices one considers, when trying to stop foreclosure, is to sell their […]

Why You Should Act Now If You Are In Foreclosure

If you are a homeowner facing foreclosure, it can be a stressful time.  A time filled with worry and wonder of what to do.  Again and again people push the worries to the back of their mind, hoping that their problems will just go away.  Unfortunately, this is not the case, in fact it is […]

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