Avoid Robosigning that Leads to Foreclosure Mess Robosigning is the latest buzz in the city. But what is Robosigning and how it can affect the homeowners? A shady financial practice recently gained media attention in the United States. The term Robosigning was first identified by Nye Lavalle, a consumer and investor advocate, in the year 1999. It refers to the automatic generation of legal documents. In the present scenario, these...more
When a troubled borrower is confronted with the possibility of having his property foreclosed on by his lender or the bank, it is easy to feel panic, depression and desperation. But the truth is, you do not have to lose focus at this critical moment. There are several ways for you to control your situation and work out a possible solution. Here are some of the ways by which borrowers can avoid foreclosures.ForbearanceIf you have already missed...more
Its great to be an eager investor whos looking through foreclosure listings in NH for the next great opportunity, but there are critical details they can make or break a deal that sometimes people tend to overlook. Quite often, some of these investors will pay too much money for a property whether it is in New Hampshire or one of the foreclosures in Tampa that are available, and they might fail to inspect the property properly or research the title.It doesnt matter whether youre looking at foreclosure listings in NH or in the southern part of the country at home foreclosures in Florida; remember that while cash attracts investors, it also attracts criminals.With that in mind, you need to aware of any get rich quick schemes that come up when youre looking at foreclosures in Tampa or elsewhere in the nation. This includes cashback closing scams and no money down deals. Keep in mind that if it sounds too good to be true, it probably is.Home foreclosures in Florida are plentiful and can be a great investment, but you also need to be wary of people who say they can take care of every detail for you. Getting the right kind of foreclosures in Tampa is also a process that involves several...more
Deed In Lieu Of Foreclosure Option Deed In Lieu Of ForeclosureDeed-in-lieu of Foreclosure(DIL) is a when a lender or a mortgage company takes back a property from a borrower with consent. It is similar to a permission based repossession, except it is a lot easier on a borrower's credit report. This is often done for homeowners who are simply...more
There are ways to ensure that buyers of Orlando foreclosures for sale eye your property or set of properties and target them for purchase.The Information SuperhighwayYou can stand out from the rest by putting your home listings on the Internet. These days everybody is online and buying everything they need over the Internet. Orlando foreclosures...more
What Is Foreclosure? Does It Work The Same in Every State? How Does A Foreclosure Work? There are 3 types of Foreclosure. They are: Judicial Foreclosure; Non Judicial Foreclosure, and Strict Foreclosure. I will describe the three, but the rules can be very different from state to state. If you are facing foreclosure you should contact someone at a title company or a lawyer to find out the rules for foreclosure in your state.Judicial ForeclosuresA judicial foreclosure is the kind of foreclosure that involves the court system and a judge. Thus, the word judicial is used. In this type of foreclosure The Lender must sue you and take you to court. The judge must hear from you and your lender and decide whether your home should be taken by the Lender to pay them back for the money you borrowed to buy your home. The lender files a law suit or complaint in court, and records a Lis Pendis to foreclose against you.At the start of the process, you will be served with a complaint by the court and then you will have a chance to appear in court to contest the foreclosure lawsuit.This judicial foreclosure method is usually used when you have signed a mortgage to purchase the property. It...more
Get the best Foreclosure Help - Get Help Avoiding a Foreclosure The housing market is not as good as it used to be and this means that there are many people facing foreclosure. It is a part of the ups and down in the housing market but make...more
Foreclosures Hit a Bad Record in 2009 Last year, an incredible number of homeowners – 2.8 million – was threatened by possible foreclosure of their properties, and this year, that number is expected to rise, as more and more people are...more
Bad Boys Of Foreclosures Since everyone is striving to make ends meet, each pursues various methods to own a home. From a legal point of view, foreclosures make the cut. It is definitely a corner whereby one does not wish to be although...more
Weak Economy and Increasing Foreclosures The Republicans in the US have won a thumping victory. The Democrats failed miserably in the House of Representatives. Experts observe that the deteriorating economic health of the nation and the poor...more
Foreclosure - The Judiciary Can No Longer Turn a Blind Eye In Maryland State a new rule has authorized judges to engage experts to scrutinize foreclosure documents. It has also been ordered that lawyers representing the lenders would have to...more
Short sale foreclosure "Real estate investing saw a major boost in the past two years, as buyers who would have waited otherwise opted to take advantage of falling market rates. In particular, distressed homes such as short sales and...more