Stop Mortgage Foreclosure

http://www.operationrest.org/
How to stop foreclosure through loan modification using Making Home Affordable (HAMP) Guidelines. This video contains Proven Step 5 Part 1 of a 15 step Lesson. This follows the instructions found on www.operationrest.org.

How To Stop Foreclosure Free national non-profit will help you to avoid foreclosure, providing information for preventing foreclosure. Stop house foreclosure today with easy to follow instructions.

Operation Restoration
http://learntostopforeclosure.com
863 Ormewood Ave SE
Atlanta, GA 30316
(404) 963-1082

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http://www.miamiattorneygroup.com or call
(888) 445-2851.

Are you in foreclosure or facing a possible foreclosure proceeding against your home? If so, are you looking for ways to stop foreclosure? If this is you, then you may want to keep reading this article.

We fight foreclosure cases. As attorneys concentrating on this area, we know how to defend foreclosure. Some delay and stop foreclosure, and we will help you to win and free the property of the mortgage by using foreclosure defenses, The Saenz Law Firm defends Florida homeowners rights to stay in their houses when facing foreclosure by banks and mortgage companies. We serve clients throughout the state.
We defend home foreclosures with the aim of winning and keeping you in your home.

News
Why Lenders Cannot Find Mortgage Notes

It seems like the mortgage note would be a basic piece of paperwork a mortgage lender would have readily available. However, with the way mortgages (primarily subprime mortgages) have been sold, re-sold, and re-sold again over the past 5 years the paperwork hasn’t always kept up with the sales transactions. If this is the case with your mortgage company and you ask them to produce your original mortgage note and they cannot, then they may not legally be able to proceed in a foreclosure against you until they can locate the note. If this is the case you may have some time to work something out to keep your home.

Visit http://www.miamiattorneygroup.com or call
(888) 445-2851.

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There is no law that requires a lender to read a hardship letter, but many want to see what the circumstances of an individual case were before considering granting leniency or refinancing. Use hardship letters to set forth the event that led to the failure to make mortgage payments with help from a civil mediator in this free video on foreclosure law.

Expert: Robert Todd
Bio: Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions.
Filmmaker: Christopher Rokosz

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Attorney William Bronchick discusses the new foreclosure consulting laws and how they affect real estate investors

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Real estate tips from Derek Ebrecht of GREEN LIGHT REALTY. Information is provided by “It’s Time to Move Up”, the real estate resource for consumers who want their questions answers in ways they can understand. Derek specializes in foreclosure homes and foreclosure homes only. For more information please visit www.greenlight-realty.com or www.itstimetomoveup.tv.

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Will filing bankruptcy (7 or 13) stop foreclosure? Do they take the house?

Either way, filing bankruptcy and including your mortgage loan in the petition will temporarily stop any foreclosure proceedings. The automatic stay will be in effect, which will prohibit any creditors from pursing collection activities for as long as the stay is in place. This means that the bank can not move ahead with its lawsuit against you, nor have the house sold at a county sheriff sale.

But where the house goes from there depends on whether you file Chapter 7 or Chapter 13 bankruptcy. There are big differences between the two, and state exemptions and rules may determine which one you best qualify for and what property you get to keep. The best idea is probably to consult with a personal bankruptcy lawyer before moving ahead with either filing, although it is quite possible to file bankruptcy on your own.

A Chapter 7 will allow you to discharge your unsecured debts and secured debts, as long as the creditors have access to the collateral for which the loan was guaranteed. That means that you can discharge your mortgage under this type of filing, but the bank will get to keep the house. You will also not have to worry about a deficiency judgment, as the house will be considered the best the bank can expect and any remaining balance on the mortgage will be discharged.

With a Chapter 13, you will enter into a payment plan in order to get caught up on the debts that you have fallen behind. Currently, bankruptcy judges do not have the authority to lower mortgage balances, so you would have to pay back the total amount you are behind as well as keep up on your regular monthly mortgage payment. For many homeowners, this can be expensive; although, if you make it through the 3-5 year plan, you will get to keep your home. If you fall behind, the bank will most likely have the automatic stay lifted and put the house back into foreclosure.

Hope that helps.
ForeclosureFish

I want to get rid of my condo, i bought for 273,000 and now is worth 140,000. It is interest only after we refinance because are APR jumped up highly so we got a new loan. its up in 2012 and then we will not be able to refinance cause our home will not be worth the amount and we will have to live with the APR that is given to us. We want to get a head start stop paying now and save cash instead of waiting till 2012 and then start saving. that way by then we can have a huge down payment if not buy a house outright. How can we hide our money SAFELY so they can’t come back and take it?????

Move your money to a bank not associated to your lender and that doesn’t show up on your taxes. Wait 3 months then do a short sale. The short sale will ask for 2 month of bank statements and tax returns.

we have our mortgage in Illinois with Wells Fargo. We can no longer make the mortgage payment and called Wells Fargo who is mailing a loan modification pkg. to us. Meantime, we will not be able to make the payment. We do not want to face foreclosure. Will Wells Fargo begin foreclosure if we are making a concerted effort to get a loan modification with them? This is very troublesome to us. we want Wells Fargo to work with us, but what happens if they refuse us? Do we have other options or will they offer other options to us? Please help.

Truly, only Wells Fargo can answer this question. Part of the problem with the big banks is that none of their departments talk to each other. Even though you are trying for a loan mod, the department that initiates foreclosures won’t know that and will likely move forward if it’s reached that point. The most important thing you can do at this point is constant communication with them. Call them and let them know you can’t make the payment and you are working on a loan mod, have them note your file in the computer system. This may or may not help. When they call you or send you letter, DO NOT ignore them. Always take their calls and respond to their correspondence, even if it’s just to tell them you don’t have the money and remind them of your loan mod application. Keeping constant touch with them will help.

How far behind are you now? Is this the first payment your are missing? If it’s the first payment, I wouldn’t worry too much about foreclosure proceedings yet, but if you are greater than 90 days behind, then you should definitely be more aggressive with your contact.

Best of luck with your modification application!

It took me several hard years to collect enough money so I can buy a foreclosed house now. Several years of very hard work and sleepless nights…I would like to know if I can buy a foreclosed house directly from the bank, NOT through the agent. Is it possible to just come to the bank and request a list of all the foreclosed houses in my area meeting my price criteria or do only real estate agents have that privilege? If it’s possible, please let me know about the procedure and the steps I should take. Thank you!

sounds like you have a fear of agents.

Actually, an agent can be helpful. they can guide you through the process and help you with paperwork. More importantly, the agent is working for the bank to sell the house, so it will be the bank that pays the commission.

Banks are in the business of money and investment, not real estate. This is why they hire agents to sell their foreclosures. You might want to reconsider using an agent, as trying to buy directly from a bank would be very difficult.

VISIT TODAY AND DISCOVER AN EASY WAY TO AVOID FORECLOSURE ON YOUR HOME.
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SALE YOUR HOME. DEED IN LIEU.
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