foreclosure prevention 101: Beware of The Universal Default Clause - 10/23/08 08:56 AM
 
Consumers, myself included - need to be more wary than ever of the unscrupulous methods that Credit Card companies are using to separate more of your hard earned money from you.
 
It's important to read the fine print on your credit card agreement
 
The Universal Default Clause means that even if you pay your credit card bill timely without ever having the slightest problem, the credit card company can increase your rate if for example you paid your phone bill late.
 
The internet is rife with stories from people all over the US that have had the … (0 comments)

foreclosure prevention 101: Foreclosure Prevention 101 Counseling Resources - 09/15/08 07:38 AM
 
Because you should have every avenue available to you when you need assistance. I would be remiss in not sharing some Free Resources that may be able to assist in your time of need.
 
Neighborhood Assistance Corp of America
naca.com
1 888 302-6222
 
 
ACORN
acorn.org
1- 866 672-2676
 
 
Homeownership Preservation Foundation
995hope.org
1- 888 995-4673
 
Home Free -USA
homefreeusa.org
1- 866 696-2329 
 
 
Cheers
Darren  
www.loan-mitigation-services.com
www.amerisave.com/partner/dbritt
 
 
 
(0 comments)

foreclosure prevention 101: Foreclosure Prevention 101 ( Do You Have a Story Like This?) - 08/27/08 05:33 AM
 
Yesterday, I heard what may be one of the worst stories of incompetence, actually beyond incompetence and out right criminal, if the story is accurate.
This distraught person called seeking help because they had been in chapter 13 bankruptcy making payments to what they thought was the trustee of the Federal Bankruptcy court for over 8 months.
Turned out the trustee never forwarded any of the money to any of the creditors!
Over eight thousand dollars paid out and now facing foreclosure due to what looks to me like at best  incompetence at worst out right Fraud.
I just can't … (0 comments)

foreclosure prevention 101: Foreclosure Prevention 101 ( Supplemental Income Ideas) - 08/12/08 10:40 AM
 
 
On my last post I mentioned the sheer numbers of people that many times wind up facing foreclosure due to long wait for disability or workers comp benefits after an injury or illiness.
Here are some ideas for people who may be struggling to pay the bills and mortgage to to a reduction or loss of income.
Many States throughout the US offer programs for alternative living ,  temporary emergency housing for children, programs for teens with babies and  foster care programs for children.
There are other programs for seniors and senior care, of course some have varying levels of certification … (0 comments)

foreclosure prevention 101: Foreclosure Prevention 101 - 07/24/08 07:43 AM
 
I normally try to keep my Foreclosure Prevention 101 postings limited to actionable things and information specific to foreclosure.
 
I believe the Maxed Out Trailer Documentary and Nightline broadcast and commentary by the documentary producer is too important not to share with anyone that has not seen it. Check out the video on youtube from the link below. 
 
MAXED OUT
http://www.youtube.com/watch?v=6borpDebEHc&feature=related
 
 Darren Britt
www.loan-mitigation-services.com
www.amerisave.com/partner/dbritt
 
(2 comments)

foreclosure prevention 101: Foreclosure Prevention 101 - 07/17/08 08:43 AM
 The Disability Nightmare:
The phone rings... after I introduce myself, the caller, lets call her Mary in this case, asks me a few questions about how I help people in her situation.
I ask Mary a few questions to get some idea of what her actual situation really is- and whether she yet to receive any notices from her mortgage lender.
Mary pauses for a moment lets out a (sigh) and then begins to go into the details of how she wound up facing a possible foreclosure sale and eviction from her home...
 "I was working and paying all of my … (0 comments)

foreclosure prevention 101: Foreclosure Prevention 101 - 06/06/08 04:55 AM
When your home is on the line one of the worst possible things that you can do is doing nothing!
Listen I confess, I am guilty of a little procrastination too from time to time but...
If we are talking about the possibility of losing my home- believe you me I would move with Olympic Speed.
I've come across many world class procrastinators, yes, even homeowners facing foreclosure!
Many I speak with at least do some investigation to explore their options.
Many others decide to move forward and then...
Nothing.
When they finally come back 2,3,4 weeks later if they are … (0 comments)

foreclosure prevention 101: Foreclosure Prevention 101 - 05/29/08 09:09 AM
 
 
Why the State in which you purchased your home can make a world of difference in how fast it can be foreclosed and sold from under you.  
In the US there are basically 2 methods of foreclosing on a property.
1- Power of Sale
2- Judicial
 
Many of the 50 States fall under Power of Sale. Under this method, the title to the property when purchased doesn't actually get transferred to the buyer until the loan has been paid in full.
The foreclosure process in a Power of sale State can take place be very quickly 30-60 days after the lender has satisfied all … (0 comments)

foreclosure prevention 101: Foreclosure Prevention 101 - 05/21/08 05:24 AM
 
Don't be mislead by the lenders customer service representative. I can't tell you how many times someone has come to me for help in stopping their foreclosure that could have been avoided altogether had the borrower not been given bad or mis-leading information.
Here's a common scenario: A borrower runs into financial problem such as the home heating system breaking down or being unemployed temporarily for a while due to an injury. This is just two of quite literally dozens of temporary hardships that hard working people face every day. Anyway, the borrower usually comes to me for help explaining … (0 comments)

 

Darren B

Wake Forest, NC

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