Stop Mortgage Foreclosure

If you are facing foreclosure, that is sure to be one of the main questions on your mind. Help can come in many forms and can come in unexpected ways so be open to everything. But it is best to go seek help rather than expect for it to come find you.

Help with foreclosure can come from friends and family. But only if they know that you are having a hard time. They may or may not be able to help you financially but they can certainly help you emotionally. Foreclosure is difficult and it is important to have people that you can lean on for support. They love you and care about you so let them be there for you.

Help can also come from consumer credit counseling services and attorneys. But again, only if you seek out their help. Consumer credit counseling services can help you come up with a financial plan to tackle your debts and save your home. Some charge a fee and can help you work with your creditors. Others offer free advice on how to best handle your situation. An attorney can be helpful in helping you navigate the legal aspect of foreclosure and in understanding your options.

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As soon as your home goes into foreclosure, there are a lot of people who will claim that they can help with foreclosure. The truth of it is that most of them are scams. There are people who claim to be investors, others who claim they can help negotiate a short sale with your lender, others who claim they can negotiate a refinance with your lender. Any of these will likely be scams. Many of them will ask for money upfront and some will claim to have negotiated a deal for you and ask you to send them a check.

You can get real help from HUD counselors, from state or local foreclosure hotlines, from workshops put on by local agencies, and from an attorney. Except for the attorney, all of these other services will be either free or very low cost. Paying for an hour of an attorney’s time so they can review your situation might well be worth it. They know the laws and can help you understand what your rights are.

Whenever someone says they can help you out of your situation, be sure to ask lots of questions, never sign anything you do not understand, and be sure that you know what you are paying for before you hand over a check to anyone.

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This is the situation:

My father’s home is in foreclosure and it probably foreclose within a week. I would like to know how I can attain the home and recieve a home loan. I do not have anything for the down payment. I’m 20 years old and have no credit history though I have friends who would be living with me in this home with remarkable credit. Also, if I can get the home after it’s foreclosure, does my father have to sign anything to me? Really need help. Thank you.
I live in Los Angeles County btw.

if you let the foreclosure process get to the point where the bank takes it back, you can investigate when it will be up for sale at the local court house. However, you have an upper hand, as you know it is being foreclosed on. My suggestion is that you contact the bank whom has the mortgage on your dads house. The bank do not want to take back the house, as it is bad debt on their books, and the bank most likely have alot of bad debt already. Try and negotiate with the bank to take over your dads payments, or even negotiate a monthly payment the bank determines you can afford. In short contact the bank, come to an agreement with them how much you can afford (bring your pay stubs & W2’s), and I would think the bank wants to work with you. Worst case senario, buy the property under the HUD program that allows you to put down only 500 $.

good luck

Stop Foreclosure, Modify your mortgage

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Bethany 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

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We have the solutions to your foreclosure problems. Check out our site if you need to Stop Foreclosure in Houston.

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I am in foreclosure status. I called my mortgage company and they don’t seem as if they want to help. I really need a remortgage, a lower rate FRM, so that I can afford to stay. Unfortunately, my credit is bad so I am unable to get a refinance loan with a bank. I have been told that an attorney will just be a waste of money and only delay the foreclosure.

An attorney may be able to help in a couple of ways.

If you declare bankruptcy, this can stall the foreclosure. It may also make many of your other debts go away. If your other debts go away, could you afford the house?

Bankruptcy may get you out of having to pay the bank the rest of what you owe them after the house is foreclosed on.

Foreclosure is complicated. In the unlikely event the bank screwed up somehow, an attorney could stop the foreclosure.

An attorney is unlikely to be able to lower your interest rates. If you can’t afford the house, you can’t afford the house.

I want to purchase a foreclosure property in California to live in. What should I do first, how do I begin the process? Do I contact banks, real estate agents or what? What are the common mistakes people make in dealing with foreclosure properties and what do I avoid? I am obviously a beginner at this and don’t even know how to start the process, any help would be wonderful!

I’m a Canadian citizen and I live in Canada, if that’s necessary.

You need a US social security number to get a loan. But if you pay cash you can buy anything you want. You could even borrow the money in Canada as long as you showed up with cash in USA.

You can buy directly from the bank at their foreclosure "auction". It is not a real auction because no one shows up. It is just a formality. The bank enters a bid for the amount they were owed by the previous owner (their borrower). They often tack on late fees and attorney fees. You have beat their bid to win and it is seldom worth the amount of the loan. But you could try. In the last 2 months, banks have started accepting lower offers. The sales are advertised in one local paper in the city of the foreclosure. You have to read all the papers to find the one. You don’t get to see the inside of the house you are buying and you don’t even get a key.

After that "auction", the bank hires a realty agent and a For Sale sign goes up. YOu can find those homes online at sites like realtor.com, realestateabc.com, trulia.com ( i don’t work for any of them). Or ask any friendly agent to email a daily list of repo’s. Then you buy one just like buying any other house. Except that the bank will do no repairs for you.

Here’s a testimony from somone who was very close to being foreclosed. Short sale of her house saved her credit from being destroyed for many, many years. Services available nationwide. For more information, visit my website at www.ShortSaleSecretRevealed.com and www.ShowMeTheHome.com.

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I’m currently renting through a company in California and found out that the house I’m renting in is not under the company’s name and that the house is a pre-foreclosure under someone Else’s name. Confusing I know. the cops came over today with the owner and told me and my family that we are living in a house that the owner did not rent out. I showed them my lease and they told me that I might go through a civil suit with the owner, the company, and us. So I’m kind of scared… I got Scammed and do not know what to do.

You have been scammed.

Move out as quickly as possible.

Be as cooperative as you can with the real owners.

If you’re lucky, you can get out without being sued.