Downtown Austin Foreclosures – What You Need to Know The falling economy has home foreclosures at an all time high. High unemployment rates, a stalled job market, and the high cost of living have affected homeowners all over the country. While Texas has fewer foreclosures than many other states, such as Nevada and Florida, there are many downtown Austin foreclosures and west Austin foreclosures that are selling for thousands below the...more
Tila2 Can Help Stop Foreclosure The professionals at Truth in Lending Auditors help homeowners stop foreclosure almost daily. The Tila2 staff work directly with your lender and you to show why it is in the best interest of the bank to give you a loan mod. Often people who come to Tila2 have tried for months on end to get the bank to modify their loan. Why are the staff at Truth in Lending Auditors able to prevent foreclosure so...more
Steps To Prevent Foreclosure - Need To Do Things In Order To Stop Foreclosure You actually can stop your home from going into foreclosure, but there's something you must do to make that happen.1. Call Your Bank ImmediatelyShould you already know you're behind in your payments and foreclosure is imminent you should call you bank at the same time and get what options they've that may be in a position to assist you to. 2. NegotiateYour current mortgage repayments might be amortized which means you're paying principal and interest portions with every payment. Ask to have your loan modified back to interest only payments temporarily to lessen your payments.3. Sell Any Unwanted ItemsIf you lose your home, you will not need many of those items anyway. Hold a yard sale. Jump on eBay. Do whatever it takes to boost a little cash quickly. Make sure that cash goes towards paying at least some of your delinquent payments.4. Mortgage loan modificationAffect your bank at the same time for a financial loan modification. When the bank's assessors realize that modifying the loan will help to you to climb from your financial hole, then modifying your loan can help you stop foreclosure.5....more
Foreclosure Fiascos does not seem to End Foreclosure fiascos and individual cases that depict the mistakes of the banks and its procedures have become extremely common. There are new types of scenarios that surface every day. There is news all around about someone's house being foreclosed incorrectly due to improper paperwork or a delinquent...more
What will be the projections for 2012 foreclosures? Originally, projected HAMP was suppose to help 3 million to 4 million struggling homeowners to keep their homes, but since the inception of the HAMP program it has only helped about 700,000 to 800,000 homeowners and some of those have already defaulted on their mortgage loan modification....more
If a homeowner fails to pay on their mortgage loan then the bank holding the mortgage comes in and obtains the home in exchange for the money that was lent out to the homeowner. Often times before this happens however, the bank tries to work with the homeowner which we will discuss momentarily. When it gets to the point of foreclosure the bank is at the point of breaking relations with the homeowner. Before the bank begins the foreclosure process on the homeowner, the lender generally will accelerate the debt, giving the homeowner a specific amount of time to either sell the property or completely settle the debt by paying off the loan. Now instead of having the initially agreed time frame to pay off the loan (generally 15 or 30 years), the homeowner now has to completely satisfy the loan within the specific amount of time given. This can be a matter of a few months and if the loan is not satisfied within that frame of time the bank may opt to put the home on an auction. There are also times when the lender will reinstate the loan for the homeowner if they can bring the loan up to current and pay any incurred late fees. If the homeowner can get to the point of bringing the loan...more
Short Sale Scholars Help You Avoid Foreclosure Foreclosure is not a happy situation for any home owner who faces this and this has increased in this economic crisis. There are ways to avoid Foreclosure and Short Sales is the best option which...more
Looking For Southeast Austin Foreclosures If you want to get a bargain when it comes to real estate in Austin, Texas, you should take a look at what you can get from Southeast Austin foreclosures. You can also take a look at East Austin...more
Finding North Austin Foreclosures Finding North Austin foreclosures is easy to do when you know where to take a look. If you are looking for a way to get the best house for your money, then you can do so when you take a look at the Northwest...more
Where To Find Cedar Park Foreclosures Those who are looking for Cedar Park foreclosures have much to choose from by way of real estate in Texas. In addition, they can also take a look at Pflugerville foreclosures as well which are located...more
There are many articles about disgruntled homeowners angry about being foreclosed upon, but a smaller group of people have a different problem they were foreclosed on homes that were up-to-date on payments or owned outright! While this might seem...more
Fannie Mae Foreclosure Listings - Get Them For Free of charge Fannie Mae is a government owned loan company that gives money to other lenders. These lenders then supply mortgage loan loans to house owners from the funds that Fannie Mae has...more