There are a lot of cleaning business forms for sale. However, as a foreclosure clean up business owner, it's important to use "foreclosure forms" that cover sticky situations you will encounter when working with realtors and banks.To that end, following are some clauses/stipulations your foreclosure cleaning contract should cover.FORECLOSURE CLEAN UP CONTRACT TIPSContingencies: The contract you use for your foreclosure cleaning business should...more
Author: Rob PresleyForeclosures in San Diego typically all start with a homeowner who has negative equity not making their mortgage payments for 2 to 3 months. A foreclsoure can occur from a loan in any lien position, a first mortgage or even a second mortage home equity line of credit. Essentially any loan that is tied to your home can foreclose on the home for non-payment.Typically a lender will start a San Diego foreclosure process within 2-3...more
Author: KilianThe recession has taken its toll on many people, unemployment is at a steady average of 10% and over a million people are out of work. When there is no income or little income people have to make difficult decisions, decisions about what to pay and when. Perhaps the person has high medical expenses such as medical prescriptions, high credit card bills, high utilities, and the high cost of living. Many people have chosen not to pay their mortgages because more than likely, it is the highest bill within their budget. Not making a payment here and there does not sound harmless but in reality it can affect your credit score and ability to borrow money in the future. It can also affect the way you get another loan and if your home is foreclosed, you might not be able to get another loan. If you do get behind in your mortgage the worst thing to do is to ignore the phone calls and notices that come in the mail. Ignoring them will only make it worse when you come home and find a foreclosure notice on your door. Ignoring the problem is never a solution and it only makes it worse as the homeowner falls further and further behind. The first step is to contact the lender; the...more
Have you been informed by your mortgage lender that your mortgage payment is overdue? You may only be 2 or 3 months behind, but your banker has threatened you with foreclosure. You aren't alone in this predicament. In today's recessionary economy, many householders are in the same boat. It could have been a job loss or some other surprising setback...more
Author: Adam SmithThe US economy is far from the recovery stage. There are still adverse currents on the “recovery path.” The primary reason is foreclosure. The government must be able to respond strongly to the crises. It must be able to wind up the emergency programs. This was revealed by Treasury Secretary Timothy Geithner. Geithner said...more
The foreclosure crisis has caused many REO properties to be on the market. This presents a great opportunity for real estate investors seeking to buy foreclosed homes cheap. Many of these are first-time investors who don't understand this type of real estate investing, which leads to the question..."What's the difference between a regular foreclosure and an REO foreclosure?" This will be explained here.Foreclosure Properties for Sale: What Does REO Mean?REO is the acronym for real estate-owned. It's a nice way for banks to say "we've foreclosed. Hence, when you see these types of listings, they have already been foreclosed on and have gone back to the bank.A "regular" foreclosure, by contrast, is a process. It is a course of action to be gone through; in this case, the sales process. An REO property can be bought at auction (sold off on the county steps) by any qualified, interested party, ie, an investor or a new homeowner.Advantage and Disadvantage of Buying a Real-Estate Owned PropertyAdvantage: REO properties can be bought cheap. The reason for this is simple - banks are a business and they lose money when they have these types of properties on the books. In fact, they lose...more
As a householder, when you are already seeking on means on how to prevent foreclosure then you are past the emotional agitation and is now prepared for genuine answers to your problem. This is an important beginning move and it is optimal to face the...more
Author: Heather DunlopThere is a way for you to stop foreclosure and keep your home. Many people in foreclosure think the only options they have are refinance, short sales, giving it back to the bank, or walking away from your home. There is...more
If you're struggling with your finances and don't know what your options are, you're going to feel helpless in your situation. Here are some tips and tricks to avoid bankruptcy, and options that are available to help you resolve your outstanding...more
Author: Expert AdviceWith the HUGE amount of foreclosed homes nowadays it's not very practical to apply conventional ways to find foreclosure listings. It just takes too much time not to mention you won't be able to find them all.In fact since they...more
Author: Hector MillaIf your house is getting ready to be foreclosed on there are different things you can do to stop this process before it starts. You will need to act fast the sooner you do this the better your chances will be. Talk with your...more
Author: Hector MillaIt is extremely important that you find yourself an attorney if you are facing a home foreclosure. There are many banks out there that are not following the law to the letter and you have to make sure that you know all of your...more