In your foreclosure cleanup business, you will work with many types of clients. Some will be larger preservation companies. Many larger property preservation companies will send out "work orders" to smaller foreclosure companies in order to have work completed on foreclosed homes. The work orders will most often arrive as faxes or as email attachments to the smaller company. The work orders should have the primary contractor's name and contact...more
Many people look to Missouri or Illinois Chapter 13 bankruptcy to get protection from foreclosure. There are some, however, who believe that, if their home is sold at auction, they will be free of their debt. Unfortunately, that isn't always teh case and that is the very notion that has gotten some people over their heads in debt.If your home is sold, the bank doesn't just call it even. Creditors will still take action against you. If your home...more
Nowadays the option to buy foreclosures properties is escalating because there more foreclosed properties these days due to the financial crisis. The current turndown of the economy is not entirely perceived by everyone as tragedy though a great proportion does. Others find opportunity in this tragedy because it is a chance now to own a house which they have been dreaming to buy. The unhealthy economic climate leads to many properties being foreclosed because owners are unable to pay the mortgages. As a result, the price range of the beach house or the beautiful villa in a posh neighborhood becomes affordable to average working people.However, it is important to note that not all opportunities to buy foreclosures are better deals. Of course, you want to get your money's worth. This is the reason that you have to know the smart ways to buy foreclosed properties. If you are aiming to buy any foreclosed real estate, then it is about time to start understanding its process. There is no other way to start but to read and research. Every minute you spend in researching and understanding the foreclose process means saving your money. Indeed it will require your patience and perseverance...more
The question on many homeowners' minds is made in regards to foreclosure rates. Are they still rising? Where does the country currently stand in this foreclosure crisis? Most people asking these questions understand that the government has its hand in trying to solve the problem and improve statistics. Government bailout plans have been in...more
If you live in Florida and are facing the possibility of having your home foreclosed, you are probably trying to find out as much about it as you can. Foreclosures are carried out through court proceedings. The entire process begins when you fall at least 30 days behind on your mortgage payments, though you can usually go 90 days without the...more
During a time when national foreclosure rates are through the roof, you may be looking for ways to stop foreclosure so you can keep that roof over your head. Usually, the process of foreclosure does not begin until you have incurred three months of nonpayment on your mortgage. If you see this becoming a possibility in your current financial state, now is the time to act. Remaining in denial about your inability to make payments, assuring yourself next month will get better, is not the way to prevent foreclosure before it occurs. Predicting your future monthly expenses and discerning whether you will likely be able to make payments is the first step.Immediately after you establish that you will likely have trouble making your next two months premium payments on your mortgage, set up a meeting with your lender. Lack of communication never helped anyone solve any problems. Set your pride aside and arrange a meeting with the intent of discussing possible changes that may be made to the terms of your loan. Banks and lenders are usually not out to get you and do not want to you to lose your home. What they would prefer is possibly to enact a loan modification to make your...more
As a business owner, my primary flaw has always been delegation. I've always been somewhat of a micro-manager and in the past have had a hard time assigning duties and just letting other people handle the tasks I've given them. But as a foreclosure...more
A fertile client base for new foreclosure cleanup businesses can be the large property preservation company -- specifically those companies that handle several states. These businesses will be larger companies that already have the business. You will...more
If you live in Florida and are facing the possibility of having your home foreclosed, you are probably trying to find out as much about it as you can. Foreclosures are carried out through court proceedings. The entire process begins when you fall...more
During a time when national foreclosure rates are through the roof, you may be looking for ways to stop foreclosure so you can keep that roof over your head. Usually, the process of foreclosure does not begin until you have incurred three months of...more
Author: Shirley TorresAs of late, there has been a great increase in the number of homeowners who are dealing with foreclosure on their homes. Unfortunately, the majority of these homeowners are not aware of the specific foreclosure laws of the...more
Author: Hector MillaA foreclosure is usually carried out by a lender when one finds it difficult to meet up with month repayments. When this happens the home is sold at an auction so that bank can recover their money. When this happens you lose your...more