Facing foreclosure? New Fannie Mae website helps consumers find options

October 1, 2010 By 1 Comment

Facing foreclosure? New Fannie Mae website helps consumers find options

WASHINGTON – Aug. 16, 2010 – Fannie Mae launched a new website to help consumers understand their options when facing foreclosure and the possible loss of their home. Called KnowYourOptions.com, it outlines the choices available to homeowners struggling to make mortgage payments, and provides guidance on how they can contact and work with their mortgage company to find a back-up plan.

KnowYourOptions.com provides information in both English and Spanish. Features include:

• Interactive Options Finder helps homeowners identify options.

• Calculators help borrowers understand how many of the options would work in their situation, including calculations about refinance, repayment, forbearance, and modification.

• Videos feature real homeowners discussing how they received help; others feature housing counselors giving advice.  Read more...

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Real People, Real Stories: Avoid Foreclosure Rescue Scams

September 6, 2010 By Leave a Comment

Scammers are targeting people having trouble paying their mortgages. These so-called foreclosure rescue companies promise to stop foreclosure. But theyre out to make a quick buck, and can turn a homeowners distress into disaster.

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Foreclosure Investments Site Reports Increase in Number of Listings

August 31, 2010 By Leave a Comment

Carlsbad, CA (PRWEB) February 2, 2008

Foreclosures on Net, a California-based foreclosure investments site, has noticed a sharp increase in the number of listings in their database recently. This drastic rise in foreclosure listings is no anomaly, either. A firm that tracks home foreclosures just released a report showing that the number of home foreclosures went up by 75 percent in 2007.

The best states to find foreclosure investments at the moment are Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, Nevada and Ohio, according to Foreclosures on Net. California is a particularly fruitful source of foreclosure listings, with 481,392 filings on 249,513 properties in 2007.

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How to Stop Foreclosure with Loan Modification

August 28, 2010 By 3 Comments

HowToSaveMyFamilysHome.com Shows you how to save between 30-50% on your mortgage interest and get your bank to give you a mortgage payment that you can actually afford. Works even if you’re not currently behind on your mortgage! 30000000 homeowners are eligible and don’t even know it!

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SaveMeFromForeclosure.com Releases Video To Help Homeowners Stop Foreclosure

August 28, 2010 By Leave a Comment




SaveMeFromForeclosure.com


Blaine, WA (PRWEB) July 20, 2009

Today SaveMeFromForeclosure.com, LLC, released a new video to help homeowners prevent foreclosure. The 57 second video explains to homeowners how they can stop foreclosure fast. The video explains to homeowners that there are options when trying to avoid foreclosure. A homeowner may be able to keep their home and stop a foreclosure while others may have to sell their home to avoid foreclosure.

As foreclosures continue to rise throughout the country, SaveMeFromForeclosure.com, LLC continues to see homeowners facing foreclosure contact their company in increasing numbers. Recently, CNN, Bloomberg News and RealtyTrac, Inc., all reported record highs of foreclosure filings.

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How to Avoid Foreclosure

August 26, 2010 By Leave a Comment

How to Avoid Foreclosure

These are really tough times for the American middle class. Thereâ??s not only a big threat to the American economy and jobs, the failure of the real-estate market has snatched a middle-class Americanâ??s only asset â?? his home from him. You can avoid foreclosure and keep your home, but remember that does not mean no mortgage payments forever. It just means your debt will be re-worked.

If youâ??ve taken a loan, youâ??re going to have to repay it, if not now then later. Thereâ??s no way to forestall foreclosure forever if you donâ??t intend to pay. Thatâ??s why only those who intend to repay their loan can avoid foreclosure permanently. Foreclosure will catch up with the rest sooner or later. Thereâ??s no way that you can get away with no mortgage payments.  Read more...

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How Can I Effectively Avoid Foreclosure

August 24, 2010 By Leave a Comment

How Can I Effectively Avoid Foreclosure

If you are at the stage of signing for your first house, then you probably aren’t thinking about foreclosure of your house. You should be conscious of it though, as many people are going through a tough time at the moment and it is always good to be aware of the steps to take on how to avoid foreclosure.

Oftentimes, being prepared for whatever eventuality will be of great help when you are already faced with financial problems that can lead to the loss of your house. Below are some of the other things you need to do in order to prevent your lender from seizing your home.  Read more...

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Large Banks Are Helping Homeowners Stop Foreclosure

August 22, 2010 By Leave a Comment

Large Banks Are Helping Homeowners Stop Foreclosure

JP Morgan Chase & Co. back in November stated it is widening its effort to modify home loans in an attempt to limit foreclosures by up to billion in mortgages.

The loan-modification program will also be provided to borrowers who have loans with Washington Mutual and EMC. JP Morgan purchased Washington Mutual in October after the bank became the largest in the countryâ??s history to fail. JP Morgan also bought EMC, which was a mortgage unit of Bear Stearns.  Read more...

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Avoiding Foreclosure: What Are Your Options as a Homeowner?

August 21, 2010 By Leave a Comment

Avoiding Foreclosure: What Are Your Options as a Homeowner?

Avoiding Foreclosure, What are your options as a homeowner?

 

Do Nothing – The stress of facing foreclosure can push many homeowners into turning their head and letting the foreclosure process run it’s course. Doing nothing to save your have is the worst mistake you can make. You can avoid foreclosure with foreclosure assistance by a loan modification attorney. Saving your home from foreclosure should be your top priority. Homeownership is the key to financial wealth, personal health, and a stable family. Why do nothing when we can stop foreclosure today.

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Stop Foreclosure Sale

August 20, 2010 By Leave a Comment

Stop Foreclosure Sale

Make a list. I made a list of exactly what I owed and then made another list of possible ways to get the money I needed. Making a list of exactly what I owed helped me get a better handle on exactly what I was dealing with. You cannot stop foreclosure sale unless you truly understand where you are at. You can get exact figures of what you owe from your mortgage company. It might take them a day or two to get those figures together.

One of the things I did when making this second list of ways to get the money was to not discount any idea, no matter how crazy it seemed. Being able to stop foreclosure sale on your home may mean getting uncomfortable and thinking outside of the box. Just sit down and generate as many ideas as you can.  Read more...

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