Posted on July 5th, 2010 by loan mod dude | No Comments »
www.operationrest.org How to stop foreclosure through loan modification using Traditional Guidelines. This video contains Proven Step 4 (1st part of Step 4 — Step 4 is in 3 parts) of a 15 Step Lesson. This follows the instructions found on www.operationrest.org. How To StopForeclosure Free national non-profit will help you to avoid foreclosure, providing information for preventing foreclosure. Stop house foreclosure today with easy to follow instructions. Operation Restoration learntostopforeclosure.com 863 Ormewood Ave SE Atlanta, GA 30316 (404) 963-1082
Posted on June 29th, 2010 by loan mod dude | No Comments »
With the increasing trend of foreclosed homes flooding the real estate market it is a wise option for all home owners facing financial crisis to tread carefully and take effective measures in order to stop foreclosures. So if you are a homeowner with a pending mortgage payment now is the right time to seek foreclosures help in order to avoid losing your home.Important considerations • Manage your finances wisely – Once you have taken a home on mortgage you will have to manage your finances very well by cutting down on expenses in order to avoid any crisis in the future.• Don’t ignore the warning signs – If you are running behind your payments and have been receiving letters from the lender in this regard, never make the mistake of ignoring the issue but tackle the crisis at once by seeking foreclosures help before it is too late.• Be in touch with the lender – Always remember that your lender would prefer to settle for a rearranged payment plan rather than foreclose your home. It is therefore very important that you keep in touch with the lender under all circumstances. Steps to stop foreclosures• Assess your situation – The first step to stop foreclosures is to take an honest and practical view of your situation so that you can seek the right kind of foreclosures help.• Act fast – Once a lender has sent out a foreclosure notice there are very low chances of him considering other options. Therefore it is very important to take immediate action and get in touch with your lender with a proper payment plan before it is too late • Repayment plan – You can spread out the missed payments over a longer period with a suitable payment plan for maybe over a year and discuss the arrangements with your lender.• Note modification – You can also convince your lender for foreclosures help to freeze or decrease your interest rates in order to make the payments more manageable.• Apply for refinance – You can discuss with the lender to increase your loan balance and add the sum of missed payments to it and give you a refinance in order to stop foreclosure.• Partial claim – There are many government loan schemes that allow you to apply for another loan in order to reimburse the back payments and provide aid through foreclosures help.
Posted on June 26th, 2010 by loan mod dude | No Comments »
Stop Foreclosure Today! Home mortgage lenders have never been as willing to work with homeowners on modifying mortgage terms as they are today. That said, if your mortgage lender has filed a foreclosure action against you that means they are fed up with trying to keep you in the home and are willing to assume the legal costs and potential capital loss of taking your home and selling it at auction. The Making Home Affordable “MHA” loan modification program is very powerful and many homeowners are able to successfully apply for this payment relief on their own. However, if you are past the foreclosure initiation point then it is advisable to hire a qualified Real Estate attorney before it is too late. If the clock is ticking on you then get a free online evaluation at: www.illinoismortgagemods.com and you will at least learn what options are realistic. Even if you have failed again and again on your own it is still quite possible that you meet the program guidelines and proper representation would turn that No into a Yes. A good Real Estate attorney with experience in Making Home Affordable loan modification submissions can be retained for as little as $500 upfront with any/all remaining funds due AFTER a loan modification has been offered to you. Do not pay ANY upfront loan modification fees to ANYONE that isn’t an attorney licensed to practice law in Illinois. Retain an attorney and pay for results! If you don’t Qualify or just Want Out! Not everyone wants or will qualify for the “Making Home Affordable” program. If your home is worth seriously less than what you owe or you have other non-mortgage debt that is making keeping the home undesirable then there are better solutions for you. The most common other loss mitigation resolutions are: Short-Sale, Deed-in-Lieu and Forbearance. Not keeping the home can mean walking away from the debt, income tax relief and even receiving cash-for-keys! Please submit the same free online evaluation at www.illinoismortgagemods.com or just call them at 630-687-5012.
Posted on June 10th, 2010 by loan mod dude | 4 Comments »
What is the quickest way to halt a foreclosure. I do not have the cash to bring it out of arrears and the bank has accellerated the note. Is Bankruptcy the best way to stop it for now. I have placed it up for sale and have a couple of parties interested. I am running out of time. The bank does have mortage insurance on the note . Please give solid advice.
Posted on June 8th, 2010 by loan mod dude | 3 Comments »
My husband is a self-employed lobster fisherman, and last year he injured his back and was unable to work for 3 months. During that time, we fell behind on all our payments, and have spent an extremely stressful year trying to get caught up. Our current mortgage lender has demanded all back payments in cash before they will accept anymore payments from us. We could not come up with that amount, so we are now facing foreclosure on our house. I go to these websites of mortgage lenders that say they specialize in stopping foreclosure, but every time I talk with them on the phone, they tell me that they can’t help. Is there any company out there, or private lenders that will help on a refinance for a foreclosure bailout? I’ve even looked into hard money lenders, but they all seem to be for corporate loans. We had great credit until this happened last year.