Ways on How To Avoid Foreclosure Preventing the filing of a NOD (Notice of Default) is the best way to pass up foreclosure in Tampa Homes For Sale . If wanted , lenders frequently file a Notice of default instead of having a real estate foreclosure . If you think you're hesitant of meeting your mortgage obligation , calling your lender is the first thing you must do.Do not disregard letters or notices from your lender because this...more
Myths About Preventing Foreclosure Gwinnett Georgia - The 3 Myths You Should Know by Now In this article sequence I've been breaking down short-sale myths and giving people a lot more info about opting for a short-sale. Should you have seen the other articles, you will be aware that I work daily preventing foreclosure Gwinnett Georgia. I come into contact with many, many people that are taking back power over their economic future...more
What is Foreclosure and How Can it Work for Me? Are you interested in Arizona foreclosures? Foreclosure refers to the formal process of repossessing a house. This is a legal proceeding in which the lender (and rightful owner of the property) extinguishes the rights, title and interest of the borrower to the property. This action is brought on by non-payment or defaulting some other term of the loan. The legal side of this process exists because, traditionally, the lender cannot be sure that it can repossess the property. Therefore, the court can help the lender to foreclose on the "equitable right of redemption." In addition to the loan amount, the lender can also foreclose on the right of redemption for overdue taxes, contractor bills and homeowners' association dues.Phoenix real estate foreclosures and Scottsdale foreclosure homes actually make up the majority of all home sales for these cities. Many investors realize that buying foreclosed homes is a great way to save on higher priced real estate. They can buy the home at a minimal cost and renovate it with saved money later on. At this point, Phoenix and Scottsdale foreclosure homes are costing...more
Talk to Your Lender to Avoid Foreclosure - Understand Your Options Short sale, foreclosure, and deed-in-lieu are three options your lender may pursue to prevent loss on a loan. Don't think those are the only options, though. Take the time to talk to your lender, and you may find there are other ways for you and the bank to come to...more
Avoiding Foreclosure Foreclosure is very common in this sagging economy. Whether it is a friend or family member, or someone who is renting a place where the owner is no longer able to afford the mortgage, it is nearly impossible to talk to anyone who hasn't in some way been affected by it.As a bankruptcy attorney, often I am asked...more
Recovering Your Property During A Foreclosure Proceeding During the course of a foreclosure proceeding, there are specific times when various notices are given for a particular duration before the next action is carried out. These proceedings can be cut short or stopped when notices are given for a specific action to be carried out. Any person interested in continuing to hold legal rights to their property must act quickly during such times to forestall their houses from being taken over by the lender or their agents. Processes Involved in a ProceedingA foreclosure proceeding is usually a legal process instituted by a lender against the borrower as a result of a breech in an agreement by both parties. The breech of agreement is usually anchored around defaults in payment of agreed regular mortgage payments. Several court notices are usually served to the borrower after which the court is compelled to order the property to be foreclosed if there is no action by the borrower to salvage their property. The first notice of a foreclosure proceeding is usually issued after the borrower must have defaulted in payments of the regular mortgage for up to three months. There...more
3 Ways on How To Stop Foreclosure When the lender files a Notice of Default, your options becomes limited . Some lenders are often undecided to work out repayment schedules after foreclosure proceedings have been started . So its...more
Ex Head of FDIC Opines that TARP Worsened the Foreclosure Situation Bill Isaac, the ex head of FDIC opined that TARP had worsened the foreclosure situation. When it came to his ears that the raging financial crisis was the worst...more
REO Listings Update: REO Foreclosures Set Third Record In Last Five Months RealtyTrac Confirms Biggest Month for Bank REOs EverJust as predicted by many experts, bank foreclosures, instead of finally declining, are instead hitting new...more
ForeclosureGate The banks want you to think that this is just a document crisis. Foreclosuregate is more about the mortgages and the transfer of ownership paperwork, than whether a robo signer signed the foreclosure documents. ...more
Foreclosure Protection Even though the world is being plunged into the downfall of economy and there is an exploding number of unemployment and needs of financial assistance, one would think that the banks are tumbling down the road...more
You Get A Grace Period With Preforeclosure Preforeclosure may be an entirely new idea coming at you, but it is important for you to learn as much about foreclosures as possible in order to make sure that you have a chance to save your...more