Archive for March, 2010
ACORN STOP foreclosure SALE IN BALTIMORERe: Foreclosure Help
Thursday, March 18th, 2010
Stop Foreclosure, Modify your mortgageWhat are the rights of a tenant after a foreclosure occurs?
Thursday, March 18th, 2010
Tenants in a rental property that is being foreclosed on, have rights!Fort Worth Real Estate Foreclosure Homes Short Sales
Thursday, March 18th, 2010
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Stopping Foreclosures
From Elizabeth Weintraub,
Your Guide to Home Buying / Selling.
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Ways to Stop Foreclosures
Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing the home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure.
Reasons For Pending Foreclosure
Apart from those who knowingly participate in mortgage fraud — with the intention of never making a single payment — most homeowners face sudden extenuating circumstances that force them to stop making timely mortgage payments. Here are a few of those reasons:
Job loss / unexpected unemployment
Sudden illness or medical emergency
Death in the family
Divorce / loss of second income
Excessive debt obligations
Job demotion or promotion denials
Inability to pay an adjustable interest rate that increases
Unexpected major home maintenance expense
Ways to Stop Foreclosure
When the lender files a Notice of Default, your options are limited. That is why it is better for you to call your lender before falling behind on your payments, because lenders are often reluctant to work out repayment schedules after foreclosure proceedings have been commenced.
You will be given a certain time period to bring the payments current, pay the costs of filing the foreclosure and stop the foreclosure. This is called reinstatement of your loan. If you cannot make up the missed payments and the lender will not work with you, here are a few other options to stop foreclosure:
Sell Your Home.
Interview real estate agents to get an opinion of market value and average DOM to sell your home. You might be tempted to hire a discount broker, but many sellers feel they need the exposure and marketing that full-service brokers offer. Compare both to determine which best meets your needs and time frame.
Consider a Short Sale.
If your home is worth less than the amount you owe, you might be a candidate for a short sale. A short sale affects credit but it’s not as bad as a foreclosure. You or your agent will need to negotiate with your lender to find out if the lender will cooperate on a short sale. This is called a pre-foreclosure redeemed.
Sign a Deed-in-Lieu of Foreclosure
This is called deeding the home back to the lender. The homeowner give the lender a properly prepared and notarized deed, and the lender forgives the mortgage, effectively canceling the foreclosure action. Lenders tell me that deeds-in-lieu of foreclosure affect credit the same as a foreclosure.
The lender might also work an arrangement where a home owner can remain in the home until finding a place to move into. Owners in default should negotiate the right to retain occupancy, arguing that if the lender followed through on the foreclosure, an owner would still enjoy the right of possession during that procedure.
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I try to do short sale on my house?
Wednesday, March 17th, 2010I bought my house for $400,000 , now it wort 245,000. I am six month behind on my mortgage, I did try to do refinance with wells fargo. they did charge me over $4500, and now gave me a plane to pay 7800 for 3 month and then if every thing goes fine they will check my loan.(they stop foreclosure )
I am tired of this game, and i am going to do short sale.my question is it late for short sale or still I have time?
Thanks.
mailboxreza@yahoo.com
short sales can technically work, but i haven’t ever heard of one actually going through
i’m pretty sure the law changes so that you don’t have to pay income tax on the difference between what you owe and the sale price
what do you do if your renting at an apartment complex in foreclosure?
Wednesday, March 17th, 2010Bethany Group management company is going into foreclosure- I hear filing bankruptcy too. What do you do if you are a tenate at one of their communities? I have a friend who is in this situation- she asked me because I work in property management but I have never delt with this type of situation before so I couldn’t help her.
I would stay and pay the rent as usual because if the apt sales or gets foreclosed on whom ever holds the title will want tenants there it will be easier to sale rented property with ready tenants than having to rent them out after the sale and even foreclosures will either be for sale or auction off sooner or later if they didn’t say move I would hang in there
If an attorney lies, claiming to your bank that they are foreclosing on you & they’re not, what crime is that?
Wednesday, March 17th, 2010In this situation, the attorney was hired by a Homeowner’s Association (HOA) to collect on a debt for property upgrades the homeowner clearly did not need (and has proof). The evil one is the HOA President — a Realtor — who sold the homeowner their property and collected a commission, and who now hopes to put them into foreclosure and secure a commission on that sale too. This question does not ask what wrong the Realtor is doing though. It asks what the Realtor’s attorney (acting under powers from the HOA) is doing wrong when they write a letter to the homeowner’s mortgage bank to notify them that the attorney is foreclosing on the property — and the attorney is ONLY BLUFFING.
This strikes me as Deceptive Trade Practices or possibly Fraud or Malpractice. As Officers of the Court, Attorneys are held to a higher standard of ethical behavior than the average layman or non-attorney. There would be action possible to bring the attorney before a review board of the State Bar for blatantly LYING in the conduct of their business. And the State Bar could impose sanctions such as fines, reprimand, censure, or in extreme cases, taking away the attorney’s license although this infraction would probably not qualify for a penalty that stiff. And these would be ethical issues before the State Bar.
But what, if anything, on a CRIMINAL level would the attorney be guilty of?
Threatening to have someone thrown out of their home is one of the most harrowing experiences one can go through, so there should definitely be cause to sue for something like harassment and/or mental anguish, particularly when the attorney was bluffing and the entire debt was based on fraud by the Realtor to effect property upgrades that would help her sell more properties in the HOA on a quicker basis in a down market. The Realtor is in desperate need of money and is late in paying her own mortgage so she is engaging in desperate real estate practices to exploit others with her realtor’s license.
The attorney sent this foreclosure notice to the bank almost 1 month ago but has yet to file a lien on the property (County records are being monitored daily and new liens are reported within 24 hours). And versus sending a notice directly to the homeowner, the attorney only copied the homeowner on the letter the attorney sent to the bank. Therefore, the attorney may never have even sent the letter to the bank so as to avoid accountability while scaring the homeowner, contributing further to their deception and manipulation.
But might there be some other foreclosure procedure that the attorney is pursuing BEYOND the filing of a lien on the homeowner’s property which the homeowner cannot see at this time? Could the attorney argue that they ARE foreclosing on the homeowner, even without filing a lien on the property as of yet?
You are fighting an uphill battle The HOA spread the cost over all the home owners they enjoy the power without the cost I too have gone thru what you are In the end I lost I let the HOA take the stupid thing and my bank foreclosed on them It was all over the earthquake cost Any way i heard they talked of one home owner that cost them over $30,000 GOOD
I know I well never put myself in that position again
Just play with them as long as you can and cost them as much as you can They well feel very powerful for a time But move on and learn
For some reason it never affected credit score Now live in a nice S/F home Few month back ran across the main fool I dealt with Good God he looked as if he as aged 50 years in tha last 15 years
I really lot nothing would have made money except I keep paying the bank till I as forced to move out They were the ones that lost $30000 So I guess i did win over those silly SOB’s
Idea to Stop Foreclosures and Home Evictions
Monday, March 15th, 2010
In order to prevent foreclosures and evictions, we must use strategy to leverage the banks. Obama cannot find jobs for over 20 million Americans and expect them to pay a huge Mortgage to his bailed-out banks anyway! People can avoid eviction if they help out each other. People can live cheaply and won’t have to look for full time work once this unnecessary expense has been done away with!
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Stop Foreclosure do a Short Sale “Nisha Kaur” Top Agent in Northern Virginia
Monday, March 15th, 2010
Stop Foreclosure do a Short Sale
When facing foreclosure Time is of the Essence. Realtor in virginia (VA) and maryland (MD) short sales, foreclosures or real-estate-owned (REO’s) SELLING A HOME BUYING A HOME Nisha Kaur .Top Agent in Northern Virginia. Aggressive REO/Short Sale agent specializing in excellent service.Northern Virginia,Alexandria ,Arlington County,Culpeper County, Fairfax County,Falls Church, Fredericksburg, Stafford, Great Falls,Herndon,King George , Leesburg,Lovettsville, Manassas,mcLean,Reston,Stafford, Warrenton, Anne Arundel County, Baltimore City,Bel Air, Bethesda ,Bowie ,Centreville, Columbia , Easton ,Elkton,Frederick , Hagerstown , Lexington Park , Prince Frederick ,Rockville ,Waldorf,Westminster.
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Help With Houston Foreclosure
Monday, March 15th, 2010
http://helpwithhoustonforeclosure.com Help With Houston Foreclosure. If you need help and would want to know how to Stop Home Foreclosure Houston and the surrounding areas, then give us a call @ 832-330-4588.
We have the solutions to your foreclosure problems. Check out our site if you need to Stop Foreclosure in Houston.
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