Stop Mortgage Foreclosure

Learn How To Stop Home Foreclosure in North Carolina. For More information please visit our website at www.truenorthnc.com

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If you are in danger of losing your home to foreclosure, a new law could help.

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http://agentsshortsalesolutions.com/ Agents Short Sale Solutions is Central Ohios leading foreclosure specialist. We offer a Turn Key Short Sale Solution for Real Estate Agents. We do all the heavy lifting allowing Agents do what they do best, list and sell properties. We are not here to teach you about short sales or sell you any products what so ever. We are professional real estate investors with over 30 years experience. We are fully Capitalized to buy houses in ALL price ranges. We primarily work with sellers and listing agents that are ready to take ACTION. Action is all that matters, not your experience. We will buy the property from your client after we negotiate the short sale and you make your Commission with minimal effort

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Boleman Law
http://www.localedge.com/listing/153030/999998/Boleman+Law/7573133000/4160+Corporation+Ln/Virginia+Beach/VA/23462
foreclosure rights, chapter 13, chapter 11, Boleman Law,bankruptcy, lawyer, attorney, foreclosure, personal bankruptcy, chapter 7,

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In this video, Ron Quintero discusses the current Foreclosure Timeline and the foreclosure process.

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At least until I can get the funds to catch up on the payments….

Here is a pretty good website about avoiding foreclosure. It has info about foreclosure lending scams, foreclosure timeline, some step-by-step things you can do to stop foreclosure, and some advice on how to delay the eviction process after a foreclosure sale:

how2avoidforeclosure.blogspot.com

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my home will go for sale DEC 5, 2008 is there any help to stop foreclosure
THIS WAS SUPPOSE TO BE A FIXED RATE THAT BALLOONED AND I CAN’T AFFORD THAT ADDITIONAL AMOUNT

You have a redemption date. After that date, you’re cooked. A friend of mine was in this position last spring. She had until June 10 to redeem the mortgage, that is get the payments current and pay off all penalties. After that date, they wouldn’t accept any amount of payment from her.

Now if you come up with the amount needed after the redemption date, you can certainly call the lender and try to get them to take it. I don’t know if there are laws preventing them from taking it or if it’s just the way they do it. But I’d sure try.

Since you know the sale date, I’d say you’ve passed the redemption date, but maybe not. You should have paperwork that explains the process to you. If you don’t have that or if you just can’t follow it (which would be perfectly reasonable since there’s a lot of legalese in paperwork) call them to ask.

I think you may be confused about the nature of your mortgage. A fixed rate is a fixed rate. It can’t change. Your promissory note tells you things like a balloon coming or a rate increase. My guess is that you have an adjustable rate mortgage with a fixed period of 1 year or 3 years or 5 years, and just didn’t understand what would happen at the end of that time. A balloon payment is scheduled when the mortgage docs are signed. It doesn’t just appear out of nowhere. One of the biggest problems with mortgages is that people sign them without understanding them.

Some lenders don’t do a very good job of educating their customers, but some customers don’t want to be bothered with the details.

I went to Foreclosuredeals.com & foreclosure.com but they only give me a 7-day free trial period. I want to be able to keep checking back for free and have pictures also.

http://www.realtytrac.com is one resource. Also, there are foreclosure listings in MLS because companies realize they need to market to real estate agents. The WeBuyUglyHouses.com folks also typically have pictures of their properties. You may want to try local investment clubs to see if they have a website or you can get on their email list. They usually provide pictures.

Also try Hud listings. Bidselect is the manager of a lot of HUD listings in my area and they often have at least one picture.

With the increase in foreclosures, more and more renters are being subjected to eviction proceedings even if they’ve kept up on their rent. The family of a student at my school just received a letter from the entity that took ownership of the property they’re renting — at the moment, it’s unclear to me whether they’re renting in a large building, a house, or what — and they’re trying to figure out whether to accept an offer that purports to give them $500 if they (a) accept the offer by March 16 [7 days from the date of the letter] (b) completely move out by March 23 and (c) leave the property clean, etc.

The scary part is that the agreement calls for them to sign a form saying something to the effect that it’s a voluntary eviction, and if they don’t take the offer, they’ll have eviction proceedings filed against them. Apart from concerns that the new owner might find an excuse to not fork over the money (think it’s a big bank, but I’ll check), there’s a concern that officially the "voluntary" thing could look bad to potential landlords when they try to rent elsewhere. I’ve checked all the usual web site on tenants’ rights in Texas (TYLA, various tenant organizations, and so forth), but they only address things like how much notice. Nothing spells out whether the eviction is identified as being "no fault," as it were.
Thanks for the help so far. I got to look at the documents again today, and part of the problem was that the real estate company’s letter calls things by different names than the actual paperwork does. The letter mentions that the "Cash For Keys Agreement … allows for entry of a judgment of eviction," but the form the agent actually enclosed is labeled "Voluntary Vacancy Agreement" and doesn’t mention eviction AT ALL. So in addition to passing on your advice, we’re telling her to get the agent to clarify *in writing* if the CFK document she mentions is actually the VV paper, and to fix the part about an eviction entry. My guess is that she either pasted material from a different form letter, or was trying to allow for the fact that eviction can still be pursued if tenants sign the agreement but then don’t hold up their end. So long as they don’t ask them to sign anything *different*, the official documents are totally eviction-free.

The only time it would be recorded against the tenant is if they forced an eviction, if they refused to leave the property and it went to court.

You can not illegally live in someone elses property, without there being repercussions.

The offer for the cash is serious. Take it and leave as agreed or stay a couple more weeks, receive no money and have an eviction on your record.

Signing the "voluntary eviction" form will NOT be recorded on your credit report.

Foreclosure props - buying procedures and information
Advice and suggestions
Resources - best books, websites

Some of the best resources for forclosures are:
www.faniemae.com, www.ocwen.com

But the most effective source is your local REO Agent, this is a real estate agent that gets most if not all the properties that are going into foreclosure in their area.

The best part about it is they know about the property before it even gets listed. If you can make friends with this agent you can be sure that you get what properties nobody even know about and gives you the advantage over other investors looking for these properties.

Buying procedures; You have to find the property first then find out how much they are asking for it. Then do a market analysis on this property by contacting a realtor to give you comparables in this property area of atleast the 3 latest houses sold and 3 houses currently selling in the vicinity as well.

After you do your market analysis and know what the price is and how much your going to sell for, this will determine if it is worth going to look at the property. If it’s worth looking at it then take a camera and a notebook pad to write everything down that you see needs repairing or replacing and I mean every little detail no matter how small. Make a detailed list.

Make sure you look at the foundation very good and look for signs of water leaks or water coming into your basement. Look at the structure of the house, if you see that the roof is sagging you might have to replace the roof etc.

Even though you might not determine if this might be a problem it will give you an idea if the property is worth even putting in an offer or will give you an idea of how much money it will take to rehab the house.

Then take your notes and contact atleast three contractors to give you a free WRITTEN estimates on how much it will cost you to repair the house.

After this you put all your numbers together and determine what you will offer and remember if you are selling the property after you repair it make sure that take into account your profits, carrying costs ( mortgage payments ), closing costs, title insurance, attorneys fees, advertising and always add an extra $5,000 dollars for those unexpected things that show up.

After you calculate all this and have an offer ready make sure you put in your additional contions or better yet in a seperate addendum that the contract is; " Subject to final inspection by an inspector at Buyers sole discretion " You want your own inspector and not the banks or the owner of the house. This will give you an out on the contract if the inspector finds that there is foundation or structural damage which are some of the most expensive repairs.

Make sure you ask the agent listing the property if there are any sellers disclosures, like for example : Lead Based Paint, Asbestos Issues, Termite or Radon Gas. Ask the inspector when you go for inspection to educate you on this. Most inspectors would be glad to share their insights.

Most if not all foreclosure properties owned by banks you need either proof of funds or a letter from your lender stating that you are pre-approved.

You can checkout this site that gives you leads in your area for Wholesale, Foreclosures, Bankruptcies and Pre-Foreclosures. You can sign up for $6.00 and a month free of all of theses resources and also checkout the bonuses area, here he has pre-recordings and free ebooks so you can read too.

The site is: www.hotbargainproperties.com, the owner of the site is Tim Mai and he is loceted in Texas but will help in your area as well.

Also go to : www.reiclub.com and www.creonline.com and sign up for free. Here you will get to know investor clubs in your area and get a lot of free advice as well.

I hope you find this useful and wish you well with all of your endeavours.

Good Luck