foreclosure prevention: Saving your home from foreclosure - 08/18/08 09:31 PM
Farmington Hills real estate MI
Oakland County Schedules Home Ownership Retention Seminar in Farmington Hills
Another My Home - My Future Home Ownership Retention Seminar has been scheduled for Wednesday, September 3, 2008 at 6:30 p.m. at the Farmington Hills Costick Activity Center, 28600 Eleven Mile Rd., Farmington Hills. This meeting … (1 comments)
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foreclosure prevention: Loan Modification Made Easy - 08/09/08 10:00 AM
Did you know you can change the terms of your existing loan even if you are behind in payments and facing foreclosure?
Fill in a short loan modification request form , and your information will be submitted to a loan modification consultant that can help you renegotiate … (0 comments)
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foreclosure prevention: Freedom Foreclosure Oak of Confidentiality - 08/08/08 12:26 AM
Oath of Confidentiality:
Oath of Confidentiality: We hereby promise to protect all information as 100% confidential. Your name or information will not be shared, stored, or sold beyond the scope of providing help with your specific problem.
Apply Online Today: www.FreedomForeclosure.com/cplumb
At Freedom Foreclosure Prevention Services, we go the extra mile … (0 comments)
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foreclosure prevention: 7 things that can make a short sale highly unlikely - 07/30/08 11:17 AM
Short sales require patience, dedication, tenacity, some skill, and some luck to successfully complete. All these factors add up to partially explain that, according to National Association of Realtors (NAR), only 1 out of every 10 short sale listings successfully close. Another main reason, that I believe short sales have become … (2 comments)
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foreclosure prevention: Foreclosures: The 1st Line of Defense & What You Can Do! - 07/28/08 03:36 PM
Foreclosures: The 1st Line of Defense & What You Can Do!
In this blog, you will find a
solution to the Foreclosure Crisis...you might want to read it all!
This is very thorough, therefore please expect it to take
more than 30 seconds to read. This is part of a … (2 comments)
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foreclosure prevention: The Foreclosure Crisis: Who is going to help...surely, somebody will do it. - 07/28/08 12:31 PM
Foreclosure Solutions - Which Role Do You Play?
You have probably heard
the following story before, and today I am posting it
because it relates to the foreclosure crisis. This story will
be an important element in the equation of helping to solve the problem
of homeowners … (4 comments)
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foreclosure prevention: FC Heat Map - 2008 Home Mortgage Foreclosure Map - HUD Links & Information - 07/27/08 10:19 AM
Home Mortgage Foreclosure Heat Map 2008
Unfortunately, California and Florida's home mortgage foreclosure rates have heated up since late last year...
Right click here to juxtapose map above with the 2007 US Foreclosure Map
____________________________
Below is important information - Tips from the HUD website - to forestall … (2 comments)
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foreclosure prevention: The Foreclosure Problem: Is there a solution? - 07/25/08 01:49 PM
The Foreclosure Problem? Is there a solution?
The Foreclosure Problem:
Is there a solution?
The question is...WHAT CAN BE DONE?
What CAN be done?
That's what I keep reading over and
over and over here on The Rain. Everyone keeps asking what
can … (2 comments)
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foreclosure prevention: Foreclosure & Short Sales: Is there a solution? - 07/25/08 11:26 AM
Foreclosures and Short Sales: Is there a solution?
Foreclosure & Short Sales: Is there a solution?
The Answer:
Yes & No
Why Do I Say "NO?"
One example: GM is cutting thousands of jobs. Lots
of these people will not be able to … (3 comments)
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foreclosure prevention: Foreclosure Prevention and Loss Mitigation Workshop - 07/23/08 10:02 PM
There will be a Foreclosure Prevention and Loss Mitigation workshop held in Toledo, Ohio, at the University of Toledo in Rocket Hall, on Saturday July 26, 2008. The session which is being hosted by Congresswoman Marcy Kaptur, starts at 9:00 am and runs through 3:00 pm.
If you are behind or … (0 comments)
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foreclosure prevention: Senate Passes their Bill to Rescue the Housing Crises - 07/14/08 05:32 PM
After months of debate on Capitol Hill, the Senate passed a comprehensive housing and foreclosure prevention bill.
But lawmakers' quest to help cure the ailing housing market is not over yet.
The Senate measure would create a new $300 billion government-backed foreclosure prevention program and strengthen oversight of Fannie Mae … (1 comments)
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foreclosure prevention: My ActiveRain Introduction Part 2: My Business Introduction - 07/14/08 12:15 PM
Business Intro
Welcome to Part 2 of my
Personal Introduction. Part 1 was more of a
personal glimpse, Part 2 is about
my business life,
why I am on AR, and the various services I have to offer.
I personally own several businesses, including an Internet Venture I am … (0 comments)
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foreclosure prevention: The lenders need to wake up. - 07/10/08 10:45 AM
The lenders need to wake up.
Typical lenders have no idea what they have to do and how quickly they have to do it in order to keep people in their homes. They are not giving people options. We hear all the time about people who are told "We can't even … (1 comments)
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foreclosure prevention: Community Information & Referral Board of Directors Elects New Officers - 07/08/08 04:44 PM
Phoenix Arizona - Community Information & Referral (CIR), a local non-profit, recently elected officers for its 2008-2009. The new officers are:
Chair, Bill Austin, Vice President of Business Development, Arizona High Tech Talent Partnership
Vice-Chair, Jerry Mendoza, Low Income Assistance Program Manager, Arizona Public Service
Treasurer, Blossom Aung, Program Business Manager, … (3 comments)
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foreclosure prevention: Short Sales, Greed and the Capitalistic System - 07/02/08 02:58 AM
I read Mike Norvell's post "NAR Should Ban Short Sales" with great sadness. The post and subsequent comments bring to light a huge flaw in our economic system. It appears that capitalistic greed has overshadowed common sense in dealing with our current housing crisis. While I understand the frustration of agents when dealing with … (15 comments)
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foreclosure prevention: Options for a Borrower Facing Foreclosure - 06/28/08 12:02 PM
Options for a Borrower Facing Foreclosure in Los Angeles County
Workout Plans:
The first option a borrower should consider when attempting to keep a home is a workout. Under a workout scenario the lender will assist the borrower in keeping the property. One of the plans usually offered to the borrower … (0 comments)
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foreclosure prevention: PRESERVING HOMEOWNESHIP: Foreclosure Prevention Resources - 06/18/08 12:23 PM
PRESERVING HOMEOWNERSHIP
Foreclosure Prevention Resources
HUD RESOURCES
HUD-Approved Housing Counseling Agencies
NeighborWorks®
Neighborworks Center For Foreclosure Solutions
FreddiMac RESOURCES
Avoiding Foreclosure For Borrowers
Anti-Predatory Lending Campaign
CreditSmart® Curriculum
The Learning Center For Community Outreach
IF YOU SUSPECT MORTGAGE FRAUD: Call 1-800-4FRAUD8 (1-800-437-2838)
I am neither an attorney nor a CPA, and … (0 comments)
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foreclosure prevention: The Repercussions of Latinos Losing Their Home to Foreclosure - 06/14/08 02:56 PM
By Bill Arce, RealEstateLatino.com6/14/08 Jacksonville, FL. The staggering impact of all of the foreclosures on families, neighborhood stability, and the economy as a whole, continues to reveal itself as the tsunami of foreclosures continues to mount despite efforts by the federal government, non-profits organizations and industry players to … (4 comments)
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foreclosure prevention: Foreclosure Phoneathons Popping Up Nationwide To Combat Mortgage Meltdown - 06/04/08 05:01 PM
The foreclosure epidemic continues to sweep across the United States in a rapid fashion as prices on homes are being forced downward 9.72% as a national average. Fannie Mae offices in Virginia opened a foreclosure call center today, and by 10am, they received over 270 calls. Kexington KY, Denver, CO, Phoenix, … (0 comments)
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foreclosure prevention: Foreclosures Cost Lenders, Homeowners, the Community, and You Big Bucks - 06/02/08 04:10 PM
Earlier this month a reader, Pamela Norvell, wrote a suggestion for lessening the foreclosure crisis. She suggested a freeze and/or a rollback of interest rates to their original levels. In making her suggesting Ms. Norvell wondered what it was causing lenders to foreclose on properties rather than do a workout or … (1 comments)
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foreclosure prevention: FHA to the rescue, but will it COST you more? - 06/01/08 08:32 PM
The FHA Program which has long been a one size fits all program where someone with no established fico score or credit history as well as someone with a seasoned credit history and perhaps a score of 720 were eligible for the same interest rate pricing. In addtion, the up front … (5 comments)
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foreclosure prevention: Arizona Foreclosure Prevention Task Force Update - 05/28/08 10:21 PM
I was notified today that Phoenix Arizona based Community Information & Referral was selected as the service provider for the Arizona Department of Housing's Foreclosure Prevention Counseling Hotline. The phone number will be 1-877-448-1211.
In case you missed the earlier post about the Arizona Foreclosure Prevention Task Force Here is some … (0 comments)
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foreclosure prevention: Habitat for Humanity Works to Prevent Foreclosures of Homes So Owners Don't Become Homeless Again - 05/27/08 08:17 PM
Habitat for Humanity affiliates across the nation are gearing up for a busy week of home building, from May 31 - June 7.
Habitat's focus is on building, but due to the recent foreclosure crisis, some Habitat affiliates are beginning to offer financial education and training classes for their clients in order to help … (3 comments)
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foreclosure prevention: The Complete List of Real Options for Troubled Homeowners - 05/27/08 12:05 PM
1. A "Forbearance Plan" is a repayment agreement between you and your lender. A plan will be developed and placed in writing providing for payment of one full monthly payment and a portion of the delinquent amount due on your account. The objective of the plan is to allow you … (0 comments)
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foreclosure prevention: Non-Performing Notes Restructuring and REOs Fund with 20%-40% Rate of Return - 05/26/08 02:27 AM
Non-Performing Notes Restructuring and REOs Fund
In the current mortgage and real estate market downturn, most investors focus on finding foreclosure deals that are significantly under value and profit either from flipping properties or holding for the long-term. However, any investor who has attempted to find the deals understand the … (7 comments)
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foreclosure prevention: Arizona Foreclosure Prevention Task Force - 05/23/08 03:49 PM
Here is some information from the new website for the Arizona Foreclosure Prevention Task Force:
The website is located here:
Arizona Foreclosure Prevention Task Force
The Arizona Foreclosure Prevention Task Force is a Taskforce Helping to Reduce and Prevent Residential Foreclosures in Arizona.
OBJECTIVES: • Prevent 4,000 foreclosures in 2008. … (4 comments)
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foreclosure prevention: Behind in your Mortgage Payments? FHASecure Might Help! - 05/21/08 12:38 AM
Did the rate on your mortgage adjust recently? Did you fall behind on your payments after the rate went up? Then you might be eligible for the FHA Secure program. FHA Secure is a program signed into law by President Bush in 2007. If you are on an adjustable rate mortage and … (0 comments)
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foreclosure prevention: Loan Modification - Your Lender might help you create a better Loan! - 05/19/08 02:55 AM
>What is a Loan Modification?
In Loan Modification - your lender might forgive late fees, give you a better interest rate, switch you from an adjustable rate to a fixed rate, recapitalize missed payments & more! It's hard to believe any lender would be so cooperative - I know. But in … (2 comments)
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foreclosure prevention: Loan Forebearance - Lender Phone Operators Are Clueless! - 05/18/08 12:04 AM
Yesterday I sat down with a pre-foreclosure client interested in keeping her home. The lender/Loan servicer was Ocwen Bank. As I sat and talked with her about options - we discussed a forebearance program. She thought this sounded like a good option so she pulled out her most recent mortage statement and … (0 comments)
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foreclosure prevention: Forebearance - A Payment Plan To Catch Up On Missed Mortgage Payments - 05/16/08 05:39 AM
>What is Forebearance?
If you're behind in your mortgage payments - you may be looking for an alternative to selling your home. I sit down with a lot of homeowners looking for any option other than selling. If you had a temporary hiccup in your income but now you're back on … (1 comments)
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foreclosure prevention: Estudio Ejecuciones Hipotecarias Alcanzan Nuevas Alzas En Abril - 05/15/08 11:12 AM
Washington - Como otra señal de la ya maltrecha industria inmobiliaria en los Estados Unidos, un estudio demostró que en Abril hubo un alza de 243,353 en las subastas para ejecuciones hipotecarias.
El estudio realizado por la compañía en línea Realty Trac dijo que el porcentaje en las subastas - que … (0 comments)
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foreclosure prevention: Fannie to Aid Underwater Loans - 05/13/08 02:32 PM
An article from The Wall Street Journal Online, reports that Fannie Mae is preparing to introduce a program of refinancing mortgages for people who owe more than the current value of their homes. A situation also known as being "underwater." Fannie's refinance plan would result in new loans of equivalent size, leaving the borrower … (0 comments)
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foreclosure prevention: The U.S. House of Representatives Passes American Housing Rescue and Foreclosure Prevention Act - 05/12/08 03:26 PM
The new act which was passed on May 8th, 2008 will help those facing foreclosure to refinance into an affordable FHA mortgage and help make homeownership more affordable for first time homebuyers.
The first amendment to the new act includes an amendment to the FHA Housing Stabilization and Homeownership Retention Act … (0 comments)
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foreclosure prevention: Isn't part of our job to educate? - 05/12/08 01:36 PM
I discovered a situation in the last couple of weeks that is really bugging me. A local Realtor has a home listed that is surely going into foreclosure. The agent KNEW when he/she listed the home that the owners were in trouble and the "Notice of Election/Demand" was filed with the county treasurer. … (7 comments)
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foreclosure prevention: Foreclosure Prevention's Lesser Knowns - 05/07/08 04:25 PM
An article from RealtyTimes.com, reports that HopeNow's foreclosure prevention efforts and FHASecure loans aren't the only resources for those faced with the prospect of losing their home. The National Community Reinvestment Coalition's (NCRC) National Homeownership Sustainability Fund helps financially struggling families with high-risk mortgages and senior citizens in trouble with reverse … (0 comments)
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foreclosure prevention: Foreclosure Prevention - 05/04/08 10:29 AM
As we all know allot of our family, friends, and co-workers are facing foreclosure or behind on their mortgage payments. Connecticut real estate has been hit hard and it is sad to see SO many people having such hard times. The sad part is I'm not sure we are even close … (10 comments)
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foreclosure prevention: Successful Short Sales - 04/30/08 09:36 AM
Dear real estate professional:
Attached is our successful short-sales guideline that should help real estate agents facilitate pre-foreclosure short-sale transactions if they choose to facilitate these types of listings on their own. If you are a real estate agent or broker (particularly in the Commonwealth of Massachusetts) we highly caution you if … (0 comments)
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foreclosure prevention: Our single office is in the top 1% Nationally by RIS Media - 04/30/08 07:03 AM
I just wanted to take a moment and let people know just how strong the office I am affiliated with is! This is also a statement to show how skilled, competent, and aggressive the agents affiliated with this office are!!RIS Media's Power Broker Report named Keller Williams Realty Easton, MA as … (5 comments)
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foreclosure prevention: The seller is broke - FIRE SALE!!! - 04/27/08 05:12 PM
Why do short sales get "advertised" in MLS? I understand that the buyer needs to be notified of the situation prior to an offer, but putting the remark in MLS is like placing a scarlet letter on the home and the seller. The "subject to 3rd party approval" comment is screaming … (8 comments)
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foreclosure prevention: Where is the help for homeowners in foreclosure? - 04/26/08 01:44 PM
Where are the groups that are helping homeowners through this difficult time? I rarely hear advertisements geared toward helping homeowners through this crisis. What you do see on the news daily is how bad things are but, no options attached for a way out!?
I have made contact with many community … (5 comments)
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foreclosure prevention: Foreclosure help not always sought - 04/24/08 01:40 PM
An article from The Denver Post, reports that the Colorado Housing and Finance Authority looked at areas where residents were calling in to the Colorado Foreclosure Hotline and areas with high foreclosures between Nov. 27 and April 4. Of the 11,633 foreclosures started in that time frame on $2.2 billion worth … (1 comments)
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foreclosure prevention: Foreclosure Process and Foreclosure Prevention Resources in Minnesota - 04/05/08 02:50 PM
Patti Mazzara-Minnesota mortgage provider and mortgage broker-Venture Development-shares some idea and resources for those facing foreclosure in Minnesota
We frequently get calls from people in foreclosure asking us what help we can provide to someone in foreclosure. Unfortunately, we can offer a lot of help. Unless you have substantial equity in the … (0 comments)
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foreclosure prevention: Home Front: Sacramento credit union battles foreclosures - 03/27/08 07:10 PM
Home Front: Sacramento credit union battles foreclosures
By Jim Wasserman - jwasserman@sacbee.com
Published 12:00 am PDT Friday, March 21, 2008Story appeared in BUSINESS section, Page D2
Print | E-Mail | Comments (24) |
While millions of Americans await their May "economic stimulus" checks promised by the federal government, a Sacramento-based credit union is … (0 comments)
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foreclosure prevention: Don’t Pass on a Short Sale! Pass it on to an agent that will work it. - 03/26/08 10:01 PM
I've been hearing a lot of negative rants from agents regarding the short sale process. They take too long... the lender doesn't respond... why won't the bank call me... I'll never do another short sale again... Enough already! Sure, short sales are not for the agent that doesn't have the patience … (5 comments)
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foreclosure prevention: Homeownership & Foreclosure Prevention Clinic - 03/03/08 02:58 PM
Having trouble making your mortgage payments?
Interested in refinancing? FHA Secure (HUD), PG County 203k Loan Program, and Life Line Refinance Program
Are you delinquent? Bridge-to-Hope (Deferred loan Program MAX $15,000)
Considering a home purchase?
The U. S. Department of HUD- Federal Housing Administration and the Maryland Departmnt of Housing and Community Development, PG County … (3 comments)
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foreclosure prevention: Finding Foreclosure Prevention cont. - 03/01/08 08:34 AM
The 2nd MOST important thing you cando with foreclosure prevention services is DO NOT SPEND YOUR HOUSE PAYMENTS. Often people stop making their payment because they are falling behind on other bills, or they cant quite make the whole house payment. Over the years more often than not, the people I met … (1 comments)
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foreclosure prevention: Foreclosure Frequently Asked Questions - 02/27/08 10:19 PM
… (0 comments)
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foreclosure prevention: FDIC division of supervision and consumer protection - 02/25/08 03:43 PM
Foreclosure Prevention
Between now and the end of 2008, subprime hybrid ARMs representing hundreds of billions of dollars in outstanding mortgage debt will undergo payment resets. Almost 1.3 million hybrid loans are scheduled to undergo their first reset during 2008,46 and an additional 422,000 subprime hybrid loans are scheduled to reset in … (0 comments)
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foreclosure prevention: Free "Stop Foreclosure" Seminar at RE/MAX First Realty II in Frisco - 02/20/08 04:53 PM
Frisco, TX - February 19, 2008 - RE/MAX First Realty II, 2831 Eldorado Parkway in Frisco, is offering much needed assistance and a free seminar geared toward helping consumers who are in danger of defaulting on their loans avoid foreclosure. The free presentation, conducted by representatives from the mortgage, consumer credit … (1 comments)
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foreclosure prevention: Stop Foreclosure Seminar in Frisco Texas - 02/19/08 01:45 PM
Free "Stop Foreclosure" Seminar at RE/MAX First Realty II
RE/MAX First Realty II, 2831 Eldorado Parkway in Frisco, is offering much needed assistance and a free seminar geared toward helping consumers who are in danger of defaulting on their loans avoid foreclosure. The free presentation, conducted by representatives from the mortgage, consumer … (2 comments)
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foreclosure prevention: Nationwide HOPE-Foreclosure Prevention and Loss Mitigation Company - 02/16/08 12:32 PM
Nationwide HOPE-Foreclosure Prevention and Loss Mitigation Company
Our company Ethical Foreclosure Solutions is affiliated with the largest Nation’s leading foreclosure prevention company – Freedom Foreclosure Prevention Services.
We specialize in out-of-court resolutions of government and non-government mortgage delinquencies and foreclosure claims against homeowners. These can be FHA, Rural … (2 comments)
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foreclosure prevention: The Foreclosure Prevention Act of 2008 - 02/15/08 08:15 PM
I just finished reading this article on the proposed FORECLOSURE PREVENTION ACT and it seems to be far sweeping. I thought I would share it here with members and the public.
It took a while to saddle up the horses, but now it seems as though everyone is riding to the rescue.
Senate … (0 comments)
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foreclosure prevention: Recent Rate Cuts Help Stop Foreclosures in Progress - 01/31/08 05:45 PM
Negotiate with Lenders through a Foreclosure Mitigation Service to Save Your Home & Credit
(Mesa, Arizona, USA) – The Federal Reserve drastically slashed interest rates recently, in an emergency move to rescue a troubled economy. The news means that millions of homeowners across the USA who face foreclosure … (0 comments)
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foreclosure prevention: How to prevent foreclosure. Part I - 01/22/08 10:16 PM
It's no secret that the country as a whole is going through quiet a bit of a housing problem. Las Vegas real estate ranks at the top of the list for homes being lost, but they don't all have to be.
We are creatures of habit, and most people that have found themselves in … (0 comments)
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foreclosure prevention: Facing Foreclosure to Save Your Credit - 01/22/08 08:31 PM
You may be facing foreclosure for any number of reasons. You may have an adjustable-rate mortgage and your payment may now be too high for your income. Whatever the reason, stopping foreclosure is an important step to take now.
Some homeowners will do everything they can to keep their home, even … (0 comments)
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foreclosure prevention: Homeownership, financial assistance and foreclosure prevention fair - FREE - 01/14/08 10:53 PM
The following was excerpted from a flyer sent home home with the children of the local elementary school. Obviously this housing crisis is impacting families so much that the local school district actually approved this flyer to go home with students. This is important and very timely, I've re-typed the information below so that … (2 comments)
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foreclosure prevention: Foreclosures are on the rise. Here are some creative options to save you or your client's home - 01/02/08 02:47 PM
If you've gone through any part of the pre-foreclosure process, had a lis pendens filed against you (a notice of default - you promised to pay a mortgage, and secured that promise with the deed to the house you mortgaged), or have been harassed by the bank as their interest rates … (0 comments)
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foreclosure prevention: Act Now to Prevent Foreclosure - 12/15/07 01:46 AM
Are you or anyone you know experiencing financial difficulties? Perhaps you are in a situation where you are no longer able to pay your mortgage payments. Maybe your mortgage is more than the current value of your home. Don't wait until you start getting behind on the payments. Act now to prevent foreclosure. … (1 comments)
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foreclosure prevention: FHA get off my wave... - 12/11/07 11:31 PM
I came up with the greatest idea today. I was washing my hair, thinking about ways to increase business, and had a Eureka moment!! It was just the greatest idea I had had in a long time. I was so excited about it. It was all I could do to finish … (8 comments)
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foreclosure prevention: Foreclosures Rise, Auctions increase, but do Sales Follow? - 12/03/07 01:25 AM
First I want to say that after posting on Jeff Belonger's clever post pitting the Realtor vs. The Loan Officer; http://activerain.com/blogsview/292076/Which-one-is-better , I was thinking of a post regarding auctions that I'd put off for a while. I guess its because I somehow alluded that the lender played a greater role than … (10 comments)
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foreclosure prevention: Keep Your Home, Avoid Foreclosure! - 10/29/07 07:32 PM
Behind on your mortgage?
Want to save your home?
If you are confused,worried or upset over the threat of foreclosure, don't believe those who want to take advantage of you during these most difficult times. Attorneys will tell you to file bankruptcy to stop a foreclosure. See us first.
This is … (3 comments)
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foreclosure prevention: Fires, Families, and Foreclosures--A Worthy Solution.... - 10/29/07 12:37 AM
Needless to say, the recent fires across California have affected countless thousands of lives, having destroyed 1414 homes according to an article in the San Diego Union Tribune that I just read, titled Fire Facts: here is the link: http://www.signonsandiego.com/news/metro/20071026-9999-1n26facts.html
While countless other cities have also been affected, this is … (22 comments)
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foreclosure prevention: We Stop Foreclosure Across America! - 10/27/07 09:55 PM
Don't Lose Your Home To Foreclosure!
PUT THE POWER OF THE TOP FORECLOSURE PREVENTION FIRM TO WORK FOR YOU. We understand the stress you and your family are going through, facing the possibility of losing your home, the threat of eviction and having nowhere to go. You can rest assured we'll … (0 comments)
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foreclosure prevention: Consumer Options To Stop Foreclosure and Save Your Home - 10/26/07 05:04 PM
this a a reprint from my website at http://www.kshabazz.com/
Loss Mitigation Programs That Stop Foreclosure Fast!
Stop Foreclosure with Loss Mitigation Programs
Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosures. They help foreclosure victims in default on their mortgages to find alternatives to … (2 comments)
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foreclosure prevention: Countrywide Steps Up To Help Stop Foreclosure - 10/23/07 05:06 PM
Today Countrywide Financial Corp announced that it has released a $16 Billion Comprehensive Home Preservation Program. This program will potentially benefit 80,000 borrowers who have a Countrywide loan and are at-risk of default.
Countrywide has committed to refinance or modify up to $16 billion in loans for borrowers who are facing an … (9 comments)
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foreclosure prevention: US Judicial and Non-judicial Foreclosure - 10/18/07 01:44 AM
The process of foreclosure in United States differs from state to state. In general, there are two types of proceedings - Judicial and Non-judicial foreclosures. Judicial Foreclosure: The process is carried out in case of mortgage transactions. In this process, the lender files a lawsuit against the borrower in order to … (3 comments)
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foreclosure prevention: Avoid Foreclosure with a Deed-in-lieu Part:2 - 10/18/07 01:35 AM
Foreclosure is a legal process by which a mortgage lender takes away a borrower's right to own his property. The lender proceeds to sell the property at a public auction only when the borrower falls behind on loan payments thereby being unable to follow the terms and conditions of the loan … (0 comments)
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foreclosure prevention: Avoid Foreclosure with a Deed-in-lieu - 10/18/07 01:31 AM
… (0 comments)
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foreclosure prevention: I'm Facing Foreclosure, What Can I Do? - 10/16/07 05:58 PM
It's no secret that 2 million adjustable-rate mortgages will be reset over the next two years, according to an estimate from the Department of Housing and Urban Development, and of them, about 500,000 are expected to go into default. So the question is what can be done?
In September President Bush announced … (5 comments)
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foreclosure prevention: Free Foreclosure Help From FHA - 10/15/07 01:17 PM
Today I got an email from someone in California asking for help with her foreclosure. She found me browsing Active Rain and ran across a post I had submitted regarding foreclosures. I must say I was kind of shocked because I thought it would have taken months to build up an "online reputation" through … (2 comments)
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foreclosure prevention: Pending Law Effecting Mortgages and Bankruptcies! - 10/10/07 12:20 AM
Something like this might be needed to avoid tailspins going forward.
I'm posting this now because I just finished formatting an email to send this article out to my contacts and felt I should put it up on the page as well
Aggressive lending on lax standards has lead us to the … (8 comments)
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foreclosure prevention: How To Solve The Mortgage Meltdown Problem? - 09/24/07 04:56 PM
It is quite clear to most of us that the primary cause of all the foreclosures we are now experiencing is the fact that too many lenders made too many loans to too many barely qualified buyers. Obviously, it is too late for those that have already gone through foreclosure, and it might … (4 comments)
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foreclosure prevention: Prepayment Penalties Waived 90 days prior to rate reset! - 09/18/07 01:28 AM
This applies specifically to California loans, though I'm sure there are similar civil codes in other states.
Wow.....I actually like this liberal policy!! YIPPEE!!!
OK, back to reality.....seriously.....I believe that this can help plenty of distressed homeowners....not the ninnies who are whining about their increase......or the ones who took cash out … (19 comments)
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foreclosure prevention: In the News: Foreclosures and Foreclosure Assistance - 08/21/07 05:26 PM
I recently had the pleasure of being interviewed by The Fountain Hills Times in regards to the increasing number of foreclosures in Fountain Hills. In a very lengthy interview, we discussed some of the reasons why foreclosures are on the rise and homeowners are falling behind on mortgage payments; options that are available for homeowners who … (4 comments)
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foreclosure prevention: www.SaveMyHouse.org - 08/15/07 12:46 PM
Keep your home and get caught up! If you are behind on your mortgage, our revolutionary program can get you caught up today. Stop foreclosure. Become current on your mortgage, protect your credit rating, protect your investment. visit www.SaveMyHouse.org
… (1 comments)
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foreclosure prevention: Help someone you know facing foreclosure - share these 7 options with them - 07/12/07 12:09 AM
It is all too often these days that I am talking to people who are in a bind with their mortgage. They usually fall in to one of 3 groups: They have taken on too much mortgage debt with a large home or previous cash-out refinance They have fell on some … (13 comments)
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foreclosure prevention: Facing Foreclosure? Consider a REALTOR - 06/13/07 10:24 AM
Facing Foreclosure? Consider a REALTOR
by John Occhi, Hemet CA REALTOR
Hemet CA Real Estate
In the new economy of 2007, in Hemet CA, more and more Hemet homeowners are facing foreclosure and want to be able to stop foreclosure before it has a huge negative impact on their credit … (0 comments)
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foreclosure prevention: Results of Foreclosure Study - 01/28/07 08:46 PM
Reading through The Real Estate Professional Magazines I found a very short article about a study performed by The Center for Responsible Lending - It stated that a whooping 2.2 million families will loose their homes this year due to foreclosures in the sub-prime mortgage market.
Can you believe it?? 2.2 million families … (2 comments)
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