Archive for the ‘Foreclosure’ Category
How To Stop Mortgage Foreclosure
Posted on: November 5, 2008
Chances are that you, like other people, are aware of the problems in the real estate market. Foreclosures are at a record high. You may even have been suffering from foreclosure fever a little yourself. Perhaps you have a loan with an adjustable rate that has gone up sky high?
If that’s the case, then you may be struggling to make your mortgage payments and wondering if you will soon be joining the dismal statistics of those who are in foreclosure. In some states, such as California, Florida and Nevada, foreclosures run into the hundreds of thousands.
Perhaps you recently lost your job and are having a hard time finding another job. The unemployment rate has been sky high lately. If you are one of the unlucky people who has found themselves out of work and is now struggling to make the mortgage payments, you may be worried about foreclosure and looking for ways to avoid foreclosure.
Or perhaps you are one of the folks who was preyed upon by lenders who wanted to give you a loan that you really couldn’t afford but took after some smooth talking. Now the rate of the loan has gone up and you are scrambling to try to make the payments.
Like you, I struggled to pay my mortgage. I had a loan that was an adjustable rate mortgage and then I lost my job. It was a double whammy and I was really wondering how I was going to get out of going into foreclosure.
I spent a lot of time researching the matter and come up with some ways that managed to keep me in my house. When I combined the tips together, I ended up realizing that I was able to stay in my house. I vowed right then and there that if I managed to stave off foreclosure, I would share my tips with others.
Well, a year has come and gone and I am still in my home. My mortgage is no longer a problem for me to pay and I am about to make good on my promise and share my tips on how to avoid foreclosure. Now you, too, can stop foreclosure from happening to you….
Protect Yourself from Foreclosure and Get Your Life Back
>> Click Here To Avoid Or Stop Foreclosure Today! <<
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Foreclosure Scams
Posted on: November 5, 2008
There are predators out there who look at homeowners in poor financial situations as easy prey, devising a number of scams and fraud attempts to take advantage of people who are already on a heck of a financial rollercoaster. It is important that you protect yourself by staying current on the foreclosure fraud and scams that are circulating, so that you do not get taken by one of these fraudsters. Here are some of the more prevalent scams that people are trying to pull over on homeowners and families buying homes or facing foreclosure.
– Sales Leaseback – People often tout this as an easy deal, requiring that the homeowner hand his or her deed over to an “investor” for little or no money, on the basis that the homeowner can continue to live in the home, leasing it back with the option of repurchasing within a year. This may sound like an excellent concept, but there is a serious catch involved.
Even if you sign the deed over to someone else, you are still legally responsible for the mortgage, meaning that you would be paying both the original mortgage and the lease amount to the investor. Paying twice what you were already having difficulty paying will be close to impossible and one missed or late payment will have you evicted from the home, and the home sold out from under you.
– Predatory Lending – Unfortunately, there are a large number of lenders out there who offer loans with the specific intention of taking advantage of borrowers who cannot afford to make the payments. If there is any equity in the home at all, these lenders will attempt to take it all in the form of incredible fees, exorbitant interest rates, and nightmare prepayment penalties. While new laws are being passed that prohibit many of these predatory practices from occurring, it is still quite easy for lenders to take advantage of homeowners in bad financial situations.
There’s more foreclosure scams for you to watch out for…
>> Click Here For More Forclosure Scams <<
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Introduction to Foreclosure
Posted on: November 5, 2008
There are a number of different events and situations that lead homeowners to the brink of foreclosure, including an unexpected job loss, or even a severe medical emergency. However, a number of other actions, even simply choosing the wrong type of loan when you purchase your home can also send you into similar dire financial territory.
If you should happen to take on a riskier loan, even if you do not have to pay a lot of money right from the start, you can find yourself facing foreclosure, especially if the interest rate on your loan is a variable rate meaning that it can go up when interest rates increase every year.
It does not really matter what the reasons are for your dire financial problems. What does matter is that all is not lost. There are options and alternatives available to you that are well worth trying. You still may be able to save your home, by filing for bankruptcy, or re negotiating your mortgage. If you want to try to save your home by avoiding foreclosure, then you will benefit from reading the entire book.
Keep in mind that avoiding foreclosure is no picnic. You will have to work hard, and be patient, but it is quite possible for many people to do so above all else: Do not give up.
Protect Yourself from Foreclosure and Get Your Life Back
>> Click Here To Avoid/Stop Foreclosure Today! <<
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