Stop Mortgage Foreclosure

http://www.2ModMyLoan.com Another home saved from foreclosure. I was finally able to get someone to agree to let their voice be heard on video. We do this all day long, every day! Why haven’t you called me? Tish Washington 626-945-5987 Do not lose your home. Loan Modification saves homes and we stop foreclosure sales for free.

LOAN MODIFICATION - We can help you to renegotiate your monthly payments to the bank and modify your payment structure to make it more affordable. call now : 626-945-5987

Duration : 0:3:22

(more…)

Technorati Tags: foreclosure sale, home saved, loan modification, NACA, Stop foreclosure

and emailed the agent about the property and I got her respond. Tell me what do you think and should ask her?

"Presently, there are no offers pending or in the works on this property. It’s been on the market 9 days so I’m sure at the price there will be investors looking at the property. On foreclosures when there are repairs done, it’s usually only the minimum so the shingles that were replaced would be only to stop a possible leak, etc. The entire roof would not be replaced. Are you possibly looking at this property for a home or an investment? "

Thanks!
…and what should I ask her* (typo)

Well, first ask her if she can give you a comparable market analysis (CMA) this will tell you what other properties like it are selling for in the area, or even better if it has been appraised recently. Of course you’ll have to get it inspected, at your own cost, to really know what has to be fixed, you never really know, maybe the foundation is bad, the whole roof needs to be replaced, and there is extensive termite damage. Whatever needs to be replaced you should be able to tell if the price of the house And all the repairs makes it worth buying. You sound like you wouldn’t know how much each repair would cost so be careful even if you ask a professional they can tell you don’t know much and will try to rip you off so get at least three estimates for each problem you come across. You can make and LOSE a lot of money in real estate so don’t rush into anything, if this one gets away then maybe it is for the best. Plus, most real estate agents are like car salesmen so don’t trust every word they say, don’t let them rush you or make you feel uncomfortable

I have a property in foreclosure with about a 79% LTV ratio, and most hardmoney lenders stop at 75%… Any information on how to propose a short sale, etc is appreciated.

Thanks!

Even if the property is in foreclosure, you should still have the right to sell it.

It shouldn’t cost 20% to sell the property. Maybe 7-10%, depending on agents and area. So you may still get some cash out of the deal.

Since the property hit foreclosure, you’ve probably been bombarded with realtor and investor offers in your mailbox. Ignore the investors, but look at the realtor ones that actually want to market your property. Especially ones that seem like they have experience with foreclosures. Talk to a few agents. You should get a good idea of what your options are and who is best to work with.

Stop Foreclosure in Union City CA - Visit http://www.derickstopsforeclosureinunioncity.com - Union City home owners, learn how you can stop Foreclosure now. Pre-Foreclosure and Short Sale expert Derick Drumm covers questions that you have about Foreclosure and the best options that you have to stop it. This segment covers “What are the tax and credit consequences of a foreclosure?”.

Derick Drumm
Keller Williams Benchmark Properties,
39500 Stevenson Place, Suite #108
Fremont, CA 94539
Derick@Tri-City-Homes.com
(510)432-0617

Duration : 0:1:49

(more…)

Technorati Tags: avoiding foreclosure, foreclosure houses for sale, foreclosure notice, foreclosure services, second mortgage foreclosure, Stop foreclosure, stop foreclosures, stopping foreclosure, tax foreclosures, Union City

Stop Foreclosure in Union City CA - Visit http://www.derickstopsforeclosureinunioncity.com - Union City home owners, learn how you can stop Foreclosure now. Pre-Foreclosure and Short Sale expert Derick Drumm covers questions that you have about Foreclosure and the best options that you have to stop it. This segment covers “What are the tax and credit consequences of a foreclosure?”.

Derick Drumm
Keller Williams Benchmark Properties,
39500 Stevenson Place, Suite #108
Fremont, CA 94539
Derick@Tri-City-Homes.com
(510)432-0617

Duration : 0:1:49

(more…)

Technorati Tags: avoiding foreclosure, foreclosure houses for sale, foreclosure notice, foreclosure services, second mortgage foreclosure, Stop foreclosure, stop foreclosures, stopping foreclosure, tax foreclosures, Union City

A friend and her ex-husband are on a mortgage together for home that that the husband is trying to do a short sale on to prevent foreclosure. My friend, the wife, was told that she had to go to a Realtor’s office and sign some papers so a short sale package could be prepared (on a Saturday).

At the Realtor’s office she was told to sign a Florida Land Trust and a Limited Power of Attorney so the Realtor or whoever could have control of the property and wouldn’t need to bother and call her and also called them Internal Documents and CYA. The office has a sign out front saying "Stop Foreclosure Now".

I am concerned that this may be a foreclosure rescue scam. I told her to talk to an attorney before signing any documents, especially the Land Trust. I am afraid she will sign away the house and then still be held responsible for the mortgage. Ex-husband already signed the documents.

Is the Land Trust and Limited Power of Attorney routine documents needed for a short sale package to be sent to the lender and/or routine "internal documents" to CYA the Realtor or whoever is really doing this deal?

Why the "Limited Power of Attorney" when my friend and the ex-husband still lives in the same city where the house is located?

Thank you for all your help!!!

You are correct to be concerned. I am very experienced and knowledgeable in short sales and schemes. Here is what I think they are doing. The company is trying to get ownership of the property (not good) so they can lowball the lender (which is fine) and then rent it back to a tenant buyer. They might bring the mortgage current and not even do a short sale or just short sale the second and bring the first current (depending on what makes sense). So basically they will either rent it back to the ex-husband and promise that he can buy it back in 1-3 years (or whatever) or rent it to another tenant who will purchase it in the future. Using a land trust is smart as it protects the owner in case if the tenant doesn’t pay rent. It also hides the owner’s identity and it allows the tenant to write off the mortgage interest which I am sure they will have the tenant pay the property taxes.

In California, it is illegal for a real estate agent or broker to ask for a power of attorney. Seeing how a licensed agent or broker has a fiduciary duty to their clients, I think a law like that might exist in your state as well.

I would advise against signing a power of attorney and to read over every contract BEFORE signing it. This company is out to make money and they could care less about the ex-husband or your friend. In fact maybe the ex is hoping to get the property back without having to deal with your friend. There is just too much potential for both the company and the ex and I would tread carefully.

One last thing: Power of attorney and a land trust are not needed for a short sale. A short sale only needs the following:
1. HUD-1 (expense sheet)
2. Financial Worksheet of borrower including tax returns, bank statements and paycheck stubs.
3. Hardship letter explaining why you can’t pay the mortgage
4. Listing agreement
5. Purchase offer
6. Authorization to release information

Good Luck and it’s good that your friend has someone smart like you watching over her.

http://www.escapeforeclosurenj.com
Do you know your options to stop foreclosure? Let me help explain what you can do. I’m Matt Silver and I specialize in assisting homeowners with short sales. I know when the banks are forcing you into foreclosure you need to have someone with experience on your side.
I would contact us and see how we can save you a ton of time and money. We work on your side to help settle with the banks and buy your house. And most importantly, we always make sure that there’s a non-deficiency judgment so that the banks don’t come after you later.
Give us a call today for a free evaluation. Our phone number is 973-951-1122.

Duration : 0:2:20

(more…)

Technorati Tags: foreclosure help, mortgage foreclosure, short sale, short sell, Stop foreclosure

Thinking this may be a help to consumers? Wait until you read what the people who you elected are going to do.

First of all this bill is ‘bi-partisan’ and was voted ‘yea’ at 84-12. The Senate has proclaimed it as a package designed to help businesses and homeowners ‘weather the housing crisis.’ The supporters of the bill in the Senate also acknowledge it does little to help borrowers losing their homes.

it actually does nothing to help them at all, there are no provisions for those in duress.

For Builders

The plan gives them large tax breaks. Over a three year period no less.

The same guys who made huge fortunes building homes and condos at inflated prices the last 6 years.

For investors

$7000 tax credits for buying foreclosed properties. This can include big businesses like lenders.

Buying a foreclosed home means going to a foreclosure sale. At this time this will mean 99-100% lenders tax credit as no one else will be there.

$4 billion in grants for communities to buy and fix up abandoned homes.

Grants will probably be given to those that can afford to buy lots of those homes, like large investment firms, lenders, and builders. Local Joe Public will see little of this in my opinion

For the oil companies and their ‘renewable energy divisions.’

$6 billion in unrelated tax breaks. This tax break goes against the Senates own rules regarding revenue increases.

Well, you elected corrupt people to lead, what did you expect. The businesses that made the most money in the last 10 years were Oil companies. They are the ones that will get this $6 billion tip. What the heck is this doing in a foreclosure bill?

Other notes

The plan modernizes the FHA to allow more people to refinance into loans back by ‘the depression-era agency.’

So, if you have good credit and payment history, the FHA will be there for you. Of course that helps no one in trouble at all.

Rumors of what the House will do when it receives it.

Try to reject 25 billion in tax breaks to ‘money-losing’ businesses like home builders.

I think, if I were to be cynical, that only ‘money-making’ home builders will get this.

The House seems to want to drop the tax credit for buying foreclosed properties.

Maybe they are afraid too many regular people may be able to buy a foreclosed home?

For the people

$150 billion for pre-foreclosure counseling and stronger loan disclosure requirements.

The only ‘foreclosure counselors’ will be your lenders. The only ones doing disclosure requirements will be your lenders. Lenders, say hello to another 150 Billion, thanks for the memories.

Tax breaks for ‘first-time’ home buyers and investors in low income rental housing.

You could sum this up as ‘Nobody and slum lords.’

A separate house bill would be paired with it that gives $300 billion to refinance loans for 1 million+ homeowners who ‘might face’ foreclosure.

Keyword ‘might’, this means if you are in foreclosure or probably cannot stop heading towards it you will not be eligible. This is a sad joke.

The White House

George Bush, the President, ‘opposes’ the plan but has no plans to veto the final version coming from the House.

Thanks for ‘almost’ George!

The Bush administration countered those plans Wednesday with its own, far narrower, proposal. It would expand an existing FHA program to allow more homeowners who are facing large rate hikes to refinance into more affordable government-insured loans

And this will preclude everyone in trouble or who already faced huge rate hikes

People who are losing their homes bought more house than they could afford and had poor credit due to their own lack of financial responsibility. They were led down the primrose path by less than ethical lenders who "made things work" thru creative financing.

In my opinion THESE folks do not deserve any assistance. Why should I pay taxes to bail them out?

On the other hand, home builders have been keeping the economy going when every thing else was in recession. With the glut of foreclosed homes on the market, this is killing the home bulding industry — which creates lots of jobs.

Encouraging people to buy up foreclosed homes is necessary. Otherwise, the property values of the surrounding area go down and you end up with whole neighborhoods of empty houses with boarded up windows.

My ex and I were together for 12 years and own a home together in which we are both named on the deed of trust but only he is on the mortgage note. He walked out of me and the kids 8 months ago leaving us with all the bills and took all the money in our joint bank accounts. He wants me and the kids out of the house so he and his girlfriend can move in but he is not wanting to give me my 1/2 of the equity and I am not moving out or signing a Quit Claim Deed until he does. I may have to force a Partition of Sale of the home through the courts to get the money owed me through sale of the house. If I do this and he decides not to make the house payments anymore ( I can’t because my only income is social security disability) and lets the house go into foreclosure, does the foreclosure of the mortgage company take precidence over my Partition of Sale case. I don’t want to waste money for a lawyer and court cost to do this if he can just stop making payments and the mortgage company come in and take the house before we have a chance to sell it. Please help!
I live in North Carolina and the kids are mine from a previous marriage but we have raised them together for 12 years.
His daughter also lived with us also for the past 8 years after he won custody of her.

If the kids are his I would have hoped that you went to the District Attorneys office of child support and they maybe able to help you with the house situation. There is a link to www.justanswer.com and ask them the same thing you did here but let them know what state so they can direct you to the proper place for help. This is an excelent cite. You can call your state bar and they can also direct you to an attorney that might be able to see you for a free consultation. Good luck

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.

Duration : 0:3:31

(more…)

Technorati Tags: attorney, audit, Avoid, defense, Foreclosure, help, lawyer, lawyers, loan, miami, Mortgage, sale, Short, solutions, stopping