There are some fraudulent cases that involves fast loan modification solutions that prey on homeowners that experience foreclosure problems.
Here are 6 warning signs when dealing loan modification scammers: Read the rest of this entry »
Many are in doubt of whether mortgage loan modifications are viable options in their bid to stop foreclosure effectively. If you ask me, a stop foreclosure loan can come in many forms, but if you can obtain one that successfully modifies your mortgage loan, you are well on your way to end your foreclosure trouble successfully! Read the rest of this entry »
When encountering mortgage foreclosure problems, many would be tempted to opt for the option of bankruptcy instead of many other options out there today. Filing for bankruptcy would mean that you mortgage debts could get wiped out immediately as soon as your application for bankruptcy is approved, nevertheless there are still a few things that you would need to be aware of before you choose this option as your solution to stop foreclosure. Read the rest of this entry »
Caught in the midst of foreclosure proceedings with a real risk of losing your home to your creditors? Well, if this is the case, rather than losing everything or opting for bankruptcy, why not consider a short sale to stop home foreclosure? This option of short sale to stop foreclosure should only be considered after you have attempted to negotiate with your current lenders, or tried to refinance your home without success. Read the rest of this entry »
Good news for all troubled homeowners in North Carolina – The local banking regulators have recently approved new rules that could stop home foreclosures.
Based on the Winston-Salem Journal:
“The rules, which went into effect yesterday, say that companies that service mortgages must stop foreclosure activity once a homeowner asks for a loan modification.”
It means that lenders can carry on with the foreclosure process at the same time they are assisting homeowners to overcome their home foreclosure problems.
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Foreclosure has been striking communities of south Salt Lake Valley since the increasing occurrence of unemployment, recession and falling home prices. Those areas with high levels of foreclosure are unlikely to start recovering until home prices stop falling as most economists said. Furthermore, home prices in most South Valley areas haven’t really stabilized. Read the rest of this entry »