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Posts Tagged ‘home’

stop foreclosure loan

July 28th, 2010 Robert Weglewski No comments

stop foreclosure loan
FORECLOSURE! my father was next of kin when my mother passed. that made him the owner of the house.?

My property is currently under foreclosure. My mother had no will, my father inherited the house 6-7 months ago. I am appointed temporary administrator by the courts. My father had an sickness which landed him in jail. He is currently still there awaiting his day in court. He hasn’t been convicted yet. The charges against him are serious. Maybe federal charges. I’m trying to make a loan modification to stop foreclosure. A bank rep. told me i need a quick claim deed. My question is will the house be involved when my father goes to court since he is the current owner? Also what are the procedures for quick claim deed? Thanks in advance.

It is a quit claim deed, not a quick claim deed. This would mean that your father has relinquished any and all claim and rights to the property to you. Any lawyer can create this for you. A quit claim dead only transfers whatever rights the grantor has to the property. I can sell you a quit claim deed to the Brooklyn Bridge, and it would be legal. You have purchased any rights that I had to the bridge (none), not the bridge itself.

One he signs the quit claim deed, he no longer has any ownership interest in the home and it should not be involved in his court cases

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How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances


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Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind. How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances removes the complications and stress often associated with shor…


stop foreclosure today

July 14th, 2010 Robert Weglewski No comments

stop foreclosure today

Stop Foreclosure Today – What You Really Can Do Immediately

When it comes to the foreclosure process, many homeowners are completely unaware of what they are up against. They oftentimes hear the word foreclosure and either completely abandon their home or they pull the sheets up over their head.

Sadly, neither of these options are good ones. Instead, homeowners that are facing such troubles should be more active and have more communication with their mortgage company then they have ever had before. Instead of getting angry due to fear and thinking that the mortgage company just wants your home, you need to realize that they would rather just have your money.

Hector Milla Editor of the “Best Loan Modification Companies” website — http://www.BestLoanModificationCompanies.com — pointed out;

“…Mortgage companies are in the business of collecting interest payments every month. They are not in the real estate business. They will foreclosure though if they do not see that you are making your payments or making any attempts to resolve the situation. The best thing to do is to speak to your mortgage company to see what options they have available for you. Believe it or not, most companies have special departments set up just to try to offer you programs to pull you out of the foreclosure process. Many people do not even know this though because they are avoiding the phone calls and the mail from the mortgage company thinking it is nothing but bad news…”

There are repayment plans, forbearances, and loan modifications that can stop your foreclosure right away. You have to take action though. The mortgage company cannot set you up on such offers unless you are in communication with them. You will want to make sure though that you are keeping your cool during your phone conversations with the mortgage company.

“…Remember that these options are bonuses that the mortgage company gives rather then an obligation they have to fulfill. Make the call today to your mortgage company and you very well could have your foreclosure stopped tomorrow…” H. Milla added.

Further information about how to get professional assistance with a mortgage loan modification by http://www.BestLoanModificationCompanies.com

About the Author

Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

Modification Frequently Asked Questions Part 1 & Foreclosure Prevention


avoid foreclosure loan

July 7th, 2010 Robert Weglewski No comments

avoid foreclosure loan
been successful in getting a quit claim deed from a bank to avoid foreclosure?

My friend’s husband left her and they are about to foreclose on their condo unless they can get the bank to take the loan back. what are the odds? Good? Any tips to get the bank to cooperate? Or any unrelated creative ideas about the situation? one-bedroom condo, 2K/month, $280K, great location in san diego CA

I believe you are talking about a deed in lieu of foreclosure. I have seen this done on occasion. I guess the real question is how far along in default is your friend? Generally your after you have been in default for 3 months the bank will record a notice of default 3 months after the notice of default records is usually when the bank will foreclose so depending on the states local foreclosure laws your friend could have up to 6 months to stay in the property. A deed in lieu of foreclosure would be your friend and her x husband deeding the property back to the bank to avoid foreclosure the property in turn reverts back to the bank and your friend leaves. However the bank has to agree to this situation. Also you might consider a short sale. This is where the bank is willing to negotiate a loss of the true note value of the loan to get a quick buck. If you can negotiate with the bank and get a buyer the bank might be willing to take a loss on the property. Lastly, I’m no lawyer but to my knowledge if your friend declares I think either a chapter 7 or chapter 13 bankruptcy the property will be frozen and the bank cannot foreclose until it gets a letter releasing the automatic stay from the trustee of the bankruptcy court. Your first options might be calling the bank and discussing a deed in lieu of foreclosure or a short sale.

good luck!!!

Loan Modification Expert Moose Scheib on Fox News with Neil Cavuto


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Early and often: a new program has helped 5,700 families avoid foreclosure through early intervention. It is part of an industrywide trend to contact delinquent ... An article from: Mortgage Banking


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Avoid Foreclosure Hell


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Chances are that you, like other people, are aware of the problems in the real estate market. Foreclosures are at a record high. You may even have been suffering from foreclosure fever a little yourself. Perhaps you have a loan with an adjustable rate that has gone up sky high? If that’s the case, then you may be struggling to make your mortgage payments and wondering if you will soon be joining t…


ways to stop foreclosure

June 24th, 2010 Robert Weglewski No comments

ways to stop foreclosure

Discover Three Simple Ways To Stop Foreclosure

If you’re looking to save your home, then you need to know how to stop foreclosure.

All you need to do is be honest with yourself about your current financial situation, keep your lender informed, and seek help with loan modification.

See for yourself how these ways to stop foreclosure can keep you in your happy home.

Our current economic recession has lead many homeowners stressed about how to make ends meet. Many jobs are laying off 1/3 of their workforce or more, or are forcing their employees to take massive pay cuts or loss of benefits.

Read and save all mortgage documents so you can know the consequences of falling behind on payments, even if you are current on your mortgage. Knowledge of the foreclosure process will only prepare you with the course of action from defaulting and the start of foreclosure proceedings.

Being honest with yourself is the key part to the foreclosure puzzle, but you also have to be honest with your lender.

The banking industry has been severely hurt from our present economic state. Banks are reluctant to deliver loans for new homeowners in fear that they will lose their investment.

In fact, lenders are the last people who want to deal with taking back any properties. So it is in the lenders (and your) best interest to work out a repayment plan or negotiate a forbearance wherein you can delay payments for a fixed period of time.

Once you understand how being straight forward with yourself and your lender, here’s what you’ll discover with gaining a loan modification.

Don’t wait until they default before you decide to seek help. You can ask your lender whether you may extend the term of your loan or negotiate a better refinance offer.

If you are absolutely sure that you cannot meet your commitments, you can request your lender for a short sale so you can avoid foreclosure on your property.

A clear understanding of the entire process of loan modification can help you decide the best course of action to stop foreclosure. When you’ve conquered the 3 ways to stop foreclosure, retaining your home will be a breeze.

Most people are unaware about the process of foreclosure, but you can save your property with a little bit of knowledge.

All you need to do is be honest with yourself about your current financial situation, keep your lender informed, and seek help with loan modification.

It’s time to show the world that the economic recession won’t stop you from keeping your well deserved “home sweet home.”

About the Author

Click Here now to discover simple and effective ways to stop foreclosure and save your home today.

Common Misconceptions About Foreclosure


15 Ways to Stop Foreclosure: Foreclosure Survival Guide


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5 FACTS TO KNOW 1. You can get free money to pay your mortgage (not a grant) 2. You can pay your bank less than you owe 3. You can file bankruptcy without an attorney 4. You can refinance even with bad credit 5. You can sell your own house for a profit! I was able to keep my home even though I didn’t make a mortgage payment for almost 3 years. With this book you can learn how to se…

23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1)


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This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life. Phone numbers and email addresses are included to obtain you credit report and how your credit score affects …


to stop a foreclosure

June 21st, 2010 Robert Weglewski No comments

to stop a foreclosure

Stop Home Foreclosure

By reading this article, we can assume that your house is in the process of being foreclosed or you are soon to be in that process. If you are facing foreclosure, we know that there is a good chance you will want to stop foreclosure. A lot of the time, people who are facing something like this will do nothing and just hope that it all works out. Others just give up completely and decide that there is nothing they can do.

The actions that you should take all depend on many situational variables and what kind of outcome you desire. Some of the factors include what stage of the foreclosure you are in, how much equity you have in your house, what other kinds of assets you have, if you are employed, how your credit score is doing, etc.

One of the major variables is which state you are located in. There are several state-level governing laws and rules about individual mortgages and loans. You might want to first research some of those regulations that apply in your state before you do anything.

The first thing you are going to want to do is do some research and find out what your rights are in this process. A lot of people do whatever the bank says without actually knowing if that’s the law or not. Find out what information and time you have the right to according to the laws in the applicable state.

If you contact your lender, you may be able to get a Deed in Lieu of Foreclosure. This would help you avoid your foreclosure being publicly listed. That’s right; any mortgages that go into foreclosure are publicly listed, so you might get some cash-hungry property investors making low-ball offers on your property to “help you”. There are a number of other advantages of a Deed in Lieu of Foreclosure that can help you in your situation. If you are in good financial standing (your house is worth more than your outstanding loan balance), your lender may be reluctant to issue you a Deed in Lieu of Foreclosure.

We are here to help you. Never let anyone tell you that you are out of options. While your home is in a pending foreclosure process, you may get a number of letters or solicitations from various real estate investors claiming to try to help you. The majority of these investors are simply looking to get a good deal on your house when you are in an unfavorable situation. There are times that selling your house may be the only option, but be sure to talk to a real estate agent first, and not to sell your house to the first investor to make an offer.

Refinancing can save your credit and your home. If you are struggling to make your mortgage payments, switching to an adjustable rate mortgage could be just the answer you are looking for. Getting a lower rate for a few years could help get you back to a financial situation that is favorable to owning a home.

Don’t let life’s problems get in the way of keeping your home. We can help you stay out of debt; away from bankruptcy and in the home you deserve. Visit our site and Stop Home Foreclosure today.

About the Author

Author, Tom Noonan is a licensed California Real Estate Broker, and knows a good amount about the foreclosure process. He started a resource to help Stop Home Foreclosure: http://stop-home-foreclosure.net.

Stop Foreclosure Help: Facts About Foreclosure


Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit


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There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes. This book is required reading for anyone confronting foreclosureForeclosure is not the end o…

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances


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Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind. How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances removes the complications and stress often associated with shor…

Avoid Foreclosure Hell - Protect Yourself From Foreclosure And Get Your Life Back!


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There are a number of different events and situations that lead homeowners to the brink of foreclosure, including an unexpected job loss, or even a severe medical emergency. However, a number of other actions, even simply choosing the wrong type of loan when you purchase your home can also send you into similar dire financial territory.If you should happen to take on a riskier loan, even if you do…


Categories: Foreclosure Info Tags: , , , ,

stop foreclosure sale

June 15th, 2010 Robert Weglewski No comments

stop foreclosure sale
how to stop a foreclosure?

a foreclosure sale had been scheduled ……how do i stop the sale?

Filing for bankruptcy will halt the foreclosure sale temporarily.

The other option is try and talk to the lender and work out a loan restructuring plan. I would contact an attorney that specializes in loan modifications to approach the lender.

Stop Foreclosure Sale Now (Free Service) Do NOT Lose Your Home


How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances


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Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind. How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances removes the complications and stress often associated with shor…

Avoid Foreclosure Hell - Protect Yourself From Foreclosure And Get Your Life Back!


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There are a number of different events and situations that lead homeowners to the brink of foreclosure, including an unexpected job loss, or even a severe medical emergency. However, a number of other actions, even simply choosing the wrong type of loan when you purchase your home can also send you into similar dire financial territory.If you should happen to take on a riskier loan, even if you do…

American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate)


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The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you’re trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment. Drawn from years of experience helping thousands of borrowers, American Foreclosure covers all the ins and outs of foreclosures, for both homeowners …


avoid home foreclosure

June 9th, 2010 Robert Weglewski No comments

avoid home foreclosure

Helpful Tips to Avoid Home Foreclosures and the Foreclosure Process

Foreclosures are occurring at an alarming rate and have been for quite some time. No one likes to talk about losing their home, but the fact is, more and more Americans are in fact, in foreclosure or have already lost their home.

Need some advice on avoiding foreclosure?

Here is some general information about foreclosures.

Several states have a record number of foreclosures, such as Arkansas, Arizona, Colorado, California, Florida, Illinois, Massachusetts, Maryland, Michigan, New York, New Jersey, Ohio, Texas, Utah, Virginia, and Wisconsin.

CNN Money reports that adjustable-rate mortgages, especially mortgages that are considered, sub-prime adjustable rate mortgages, continue to contribute to foreclosures.

According to the San Francisco Chronicle, Americans borrowed $2.2 trillion dollars through attractive adjustable rate mortgages between 2004 and 2006.

These adjustable rate mortgages were hard to pass up with low monthly payments.

Unfortunately, these ARMS (adjustable mortgages) cannot last forever. Experts explain that these adjustable rate mortgages need to reset themselves in order to make up for the difference through higher rates, which means a higher mortgage payment.

You don’t need to be an expert in real estate to figure out that when the banks significantly raise someone’s mortgage payment, you are going to see many foreclosures.

It’s also predicted that as these mortgage loans reset, 1.11 million homeowners will lose their homes. This prediction was reported following a study completed by First American CoreLogic, a firm that documents home mortgage risks.

If you fail to make a payment by the due date, the lender has every right to start the foreclosure proceedings. Many banks will allow you a “grace period,” so as not to start any foreclosure process.

After a certain period of time, the lender will send you a certified letter stating that your loan is in default. Included will be any penalties and any unpaid mortgage totals. It is important that you contact the lender to try and work out a plan to pay the bank back.

Banks are not in the business of owning homes; banks are in the business of lending money. Banks do not want the house back! Contact them and try to work out an agreement to pay them back the unpaid payments.

Your loan will likely be reinstated if you bring the mortgage back to good standing if you pay back any outstanding mortgage payments and fees.

If the lender has given you the allotted time to make the loan current, and you cannot make the payments, the loan will still be considered in default and there will be a scheduled auction.

Following the auction, if there is any money still owed to the lender, the homeowner may be required to pay those debts owed. If there is money left over from the auction, that amount of money will go to the foreclosed homeowner, if all of the fees have been paid to the lender.

With any court foreclosures, the sheriff carries out the sale, which is about 45 days after the county clerk orders the sale. The auction is open to the public which means anyone who has the available funds, may bid on the foreclosed property.

Generally, the accepted bid must be paid to the sheriff no later than 5:00 P.M. on the day of or the day after the auction.

A certificate is issued following the foreclosure sale. If the property is not abandoned at the time of the sale up to the next six months, this is known as the redemption period. Some states will allow the borrower to redeem the property. Any secondary lender may redeem the property within a certain amount of time. In order to redeem the property, the total amount owed including any fees, must be paid.

If there isn’t anyone who redeems the property, the sheriff will then transfer the ownership to the winning bidder at the time of the foreclosure auction.

With Out of Court Trustee Sales, notice of the sale is noted which includes the property description, date, time, place, etc. The auction notice is then recorded with the county.

The trustee mails the notice to all interested parties. This notice is sent out three months before the sale date and will be published in the local newspaper.

No less than 20 days before the sale, the foreclosure auction notice is posted on the property and the county courthouse.

The day before the sale is scheduled to take place and leading up to the sale, the trustee must provide the opening bid of the sale to anyone who inquires about the sale. If not, the sale might have to be delayed for a short period of time.

Out of Court foreclosure sales require every bidder to provide a refundable $10,000 deposit in order to bid. The trustee keeps the deposit of the individual with the winning bid.

The winning bidder has until 5:00 P.M. by the next day to pay his/her bid price.

Following the sale, the trustee then transfers ownership of the foreclosed property within seven days. The proceeds of the sale are paid directly to the primary lender, then to any secondary lenders that exist.

There is no right of redemption following Out of Court foreclosure sales.

Bank foreclosures have occurred in record numbers. If you are an investor, your’e likely to find foreclosures all around the U.S.

Will foreclosures decline in numbers? Only time will tell.

The information provided here within, is not considered professional legal advice. It is always recommended that you seek professional legal advice such as a local real estate attorney.

About the Author

Cecilia Valenzuela is a full time entrepreneur and supporter of small businesses. Cecilia Valenzuela works with entrepreneurs who are also following their online dreams. Cecilia Valenzuela is a successful business entrepreneur who encourages other online business owners. More information about foreclosures including additional tips to avoid foreclosures, is available at:http://www.My-Arizona-Desert-Living.com/Arizona-Foreclosures.html

Should You Buy a Foreclosed Home?


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There are a number of different events and situations that lead homeowners to the brink of foreclosure, including an unexpected job loss, or even a severe medical emergency. However, a number of other actions, even simply choosing the wrong type of loan when you purchase your home can also send you into similar dire financial territory.If you should happen to take on a riskier loan, even if you do…

All About Home Foreclosure and How to Avoid It!


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If you are someone who is dodging the foreclosure bullet and have no idea what you are doing, then you need to get some tools. No army in the world sends troops off to do battle without the proper weapons. In your case the weapon of choice is knowledge! How much do you know about the foreclosure process? Did you know that the old phrase about auctioning the property on the town hall steps is …

Avoid Foreclosure Hell


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Chances are that you, like other people, are aware of the problems in the real estate market. Foreclosures are at a record high. You may even have been suffering from foreclosure fever a little yourself. Perhaps you have a loan with an adjustable rate that has gone up sky high? If that’s the case, then you may be struggling to make your mortgage payments and wondering if you will soon be joining t…


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Many homeowners facing foreclosure don’t have to lose their homes. In fact, there are proven tactics for keeping your home—no matter the size of your debt and even if your mortgage is already in default. More than half of homeowners facing …

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Designed to aid homeowners by explaining the foreclosure process and providing practical strategies to avoid foreclosure proceedings, including information on negotiating with lenders, refinancing, and utilizing the courts.

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stop foreclosure keep home

May 28th, 2010 Robert Weglewski No comments

stop foreclosure keep home

Stop Foreclosure Help Or Risk Losing Your Home

If you are reading this article right now, chances are, you know someone who is in danger of foreclosure. If not, then maybe it’s you. Whatever the case, this is a serious situation which usually requires professionals to offer stop foreclosure help to their clients.

The truth is, it’s not easy to do this. Ask anyone who went through this experience and they’ll say how much emotional, physical and mental stress they had to endure while they were in that situation. And although it’s difficult by any standards imaginable, it’s much better than not facing the problem at all. Not facing it is tantamount to disaster, as some of these possible consequences might arise in the process.

First, there will be a loss of equity. In many instances, an owner who doesn’t have a chance to reinstate his or her loan through making late payments has two options. The first one is to have a profit speculator buy his property. This is not very ideal because most of the property equity will be lost. Another option is to just lose the property to a trustee’s foreclosure sale. This is much worse, because in many cases, the owner doesn’t earn anything at all.

Second, there will be a pile up of credit problems. When foreclosure happens, serious damages to the owner’s credit rating can be expected. For instance, a bad credit rating can make it extremely difficult to borrow money from creditors. In all probability you will have to gain back their trust, and it will take a long time for you to earn it back. Also, it would be more expensive for the borrower to get credit cards due to the higher interest rates that will be charged by the lenders. This is the worst consequence of foreclosure: Years and years of limited and expensive credit. Too much of this can make it very hard to financially recover in the long run.

Third, there will be some problems with taxes. Sudden foreclosures can lead to a property title transfer and tax assessment. When an owner tries to take out the equity loans against a property’s appreciation, it is often viewed as a form of profit taking. This is especially true when they are not paid back. Also, these loans are considered taxable, and the owner must have to face the capital gains tax that will be due on the profit. In most cases, property owners do not even know that they have to deal with capital gains assessment when their property is foreclosed.

Fourth, there will be problems on Junior Liens. There are some cases when a foreclosure can happen on a property, so the security for a junior lien lender is depleted. However, there are some loans that a lender can demand collectively through court actions. When this happens, expect massive financial suffering in the coming years ahead.

Foreclosure is a difficult stage that nobody wants to experience in a person’s life. It is a challenging problem, and many people who have undergone it would say that they need any form of stop foreclosure help to alleviate the problem. However, there are things people can do, and choices they can make. The best thing that anyone can do right now is to face the problem and make informed decisions that can be beneficial for them and their homes.

About the Author

A Computer Engineering student and loves to travel. Reading current news in the internet is one of his past times. Taking pictures of the things around him fully satisfies him. He loves to play badminton and his favorite pets are cats.

For more inquiries, you may want to visit Stop Foreclosure Help or you may call directly at 1.888.864.1663 TOLL FREE

Stop foreclosure Save your home 3 ways to keep your home


Categories: Foreclosure Info Tags: , , ,

foreclosure websites

May 27th, 2010 Robert Weglewski No comments

foreclosure websites

Surf the Wave of Profits by Tapping Pre-foreclosure Lists of Motivated Sellers

Pre-foreclosure lists: What they are and why you need them

Tens of thousands of foreclosed homes are sitting on the market. It’s easy enough to find them, but how do you find the real gems — the homes that are on the brink of foreclosure? Turns out it’s easy to find them, too. Just use a pre-foreclosure list!

What is pre-foreclosure?

Pre-foreclosure is the initial stage of the foreclosure process. The lender posts official notice that the homeowner is in default on their loan payments. It’s a serious warning from the lender, but the homeowner can still avoid foreclosure by catching up on their payments.

The benefit of pre-foreclosure lists

Pre-foreclosure lists are exactly what they sound like. It’s simply a list of many area homes in pre-foreclosure. The benefit of pursuing properties in pre-foreclosure are that the homeowner and the lender are highly motivated sellers. Both parties are anxious to avoid foreclosure. You can get the best deals by snapping up a house before it’s actually been foreclosed on. In fact, the price can be dropped by as much as 50%!

Pre-foreclosure lists contain thousands of homes. If you keep your pre-foreclosure list up to date, you’ll have time to research the property before buying it. These lists are a valuable, reliable resource for real estate investors.

Where to find pre-foreclosure listings

The best pre-foreclosure lists are the product of elbow grease and solid research. There are at least four good sources of pre-foreclosure listings you can access at little to no cost. You can seriously miss out on a great opportunity if you rely on just one source. Combine the results from each of the four sources for a top-notch list.

1. Public records: Lenders post public notices when a house is going into pre-foreclosure. Hoof it over to your county record office to access these notices. These records are freely available to the public, but expect to pay a few cents to have copies made.

2. Pre-foreclosure websites: The old standby: surfing the net. A quick search will turn up numerous websites that specialize in pre-foreclosure listings. Some sites are free, and others charge a per listing or monthly/yearly membership fee. At the very least, you’ll be able to turn up the basic contact information (name, address, telephone number) of the homes listed.

3. Newspapers: Pick up your local newspaper to read “Notice of Sale” advertisements. Be sure to get your copy hot off the press, so you can be the first to jump on a promising opportunity.

4. Lenders: Because it’s to their benefit, many lenders will provide you with a pre-foreclosure list if you simply ask.

Different types of pre-foreclosure properties

Each type of property comes with different challenges and benefits. Find a listing that’s divided up into sections so you won’t waste your time looking into a government foreclosure if you’re only interested in bank foreclosures. You can focus solely on your specialty.

Obviously there’s the standard bank foreclosure, but there are also different government foreclosures, such as HUD and VA foreclosures. You can also check out impending court auctions. If you prefer to work directly with the homeowners, look into “for sale by owner” properties.

An accurate pre-foreclosure list can help you hone in on the opportunities that fit your resources and knowledge. Rather than hunting around through stacks of newspapers or bookmarking twenty Internet listings, combine them all into one well-organized list, and you’ll be way ahead of the game.

For other helpful foreclosure information, check out the http://www.ForeclosuresUnleashed.net ebook.

About the Author

Robert Lam is a successful real estate investor and author of http://www.ForeclosuresUnleashed.net which teaches investors how to maximize the profits from the booming foreclosures in the marketplace today without using your money or credit.Surf The Wave Of Profits By Tapping Pre-Foreclosure Lists Of Motivated Sellers

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stop foreclosure now

May 18th, 2010 Robert Weglewski No comments

stop foreclosure now

Stop Foreclosures for Blemish Free Credit Reports

Yet another compelling reason to stop foreclosures.

If you have made your first offer on a home in pre foreclosure, knowing that the owner stands to lose equity he has gained through both price appreciation and renovations undertaken with pride in happier times, you may be confronted with “I may as well walk away and let the lender foreclose!” By this stage after receiving the notice of default, this owner is facing facts; he can no longer afford to keep his home. He has exhausted all avenues known to him for refinancing and presented a mountain of data to the lender in the hope that he might get a mortgage modification. Neither the option of extending the loan term nor that of adding the payments in arrears to the end of the existing loan balance has been attractive to the lender. And now the borrower has no cash reserves.

You have couple of matters you can address in persuading the seller to consider your offer seriously. First up, help the owner understand what the foreclosure blemish on his credit record will mean.

A good credit report is important for many reasons. Apart from the ability to get credit for day to day needs, its necessary when purchasing bigger ticket items, and sometimes to be able to rent. It’s important for job seekers; many employers will check applicants out to see if they have filed for or been declared bankrupt, whether they have trouble paying their bills. With your offer, the mortgage is repaid and the foreclosure stops within the time-to-cure period.

Beware you are not accused of equity skimming, and be transparent, what was your intention with the house, surely you didn’t ask for the Deed to be signed over so you could sell the property? What special needs of the seller have you addressed in your offer? Have you structured your deal to bring some much needed cash at closing? Did you explain in detail how you reached your offer price, presenting all the comps and outlining all the repairs necessary to bring the home to market value? Have you room for flexibility in time frames for the seller to move out after the deal is done? If this is a purchase that really fits your criteria, then keeping the seller talking, making your points always with the seller’s very grave concerns in mind, maybe making several visits to address his concerns (not yours) will win the day.

About the Author

Philip Smith is the writer of http://www.Foreclosuredeals.com. Your Source of Stop Foreclosures online.

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