Articles Archive for March 2009
Featured, Foreclosure Help »
Foreclosure scams are popping up all over the nation and could end up costing homeowners the loss of their home and their equity, which they are trying so desperately to save.
Because there is so much attention on distressed properties and distressed homeowners, crooks have jumped on the bandwagon and are out scamming innocent homeowners by using foreclosure rescue fraud techniques. Many of these crooks are convincing and sound knowledgeable, and desperate homeowners are getting taken for their time, money and their homes from these criminals who are stealing from …
Foreclosure Help »
There are several resources for troubled homeowners to go for foreclosure help. So let’s take a look at where to start. HUD (The Department of Housing and Urban Development)
HUD’s website at http://www.hud.gov is a great place to start for foreclosure help. You can call their toll free number at (800) 569-4287 on weekdays between 9:00 a.m. and 5:00 p.m. ET for information on where to find a certified HUD housing counselor or click on their list of HUD…
Featured, Loan Modification »
What is a Loan Modification?
Basically, a loan modification is a modification to an existing mortgage where the lender agrees to extend the loan term, forgive some of the debt or add the defaulted debt to the back end of the loan.
Who Qualifies for a Loan Modification?
A homeowner who is in default on their mortgage payments or about to go into default or pre-foreclosure. At present, the borrower must show a financial hardship which can be various reasons such as loss of income or reduced income, a divorce, death in …
Headline, Stop Foreclosure »
Homeowners who are facing foreclosure can stop the foreclosure process if they start early enough, educate themselves as to their options and seek the proper professional help and advice. Here are 10 ways to stop your home from going to foreclosure now:
1. Contact your lender or loan service provider as soon as you know you are going to have trouble making your monthly mortgage payment. Communication is the key to stopping the process. Keep copies of all written documentation and notes regarding conversations that…
