Steve Dancer is a Licensed TRCC Custom Builder & Remodeler, Licensed Realtor, HBMP Realty Brokerage Owner(aka. HomeBuyingMarketPlace.com), Real Estate Investor Mentor, Real Estate Agent Mentor, Avid Full Time Real Estate Investor, Short Sale Specialist. The extensive knowledge and experience Steve brings to the table has proven to be an invaluable asset to the numerous buyers and sellers he has helped. Whether you need to buy a home, sell a home or indeed need to Stop a Pending Foreclosure, Steve has the credentials and the professional background to help you meet your real estate needs and goals. http://www.HomeBuyingMarketPlace.com , http://www.NorthHoustonHomeBuyers.com 281-820-3181, http://www.AvoidForeclosureHoustonNow.com
Archive for December, 2009
Dec
30
How to Avoid and Stop Foreclosures in Kingwood TX
Posted by: | CommentsAvoid Foreclosure San Diego
Are You Behind On Your Payments?Is Your Lender Or Attorney Hassling You?Did Your Interest Rates Go Up?Does Your Home Have Negative Equity?YOU HAVE CHOICES! ~ THERE ARE SOLUTIONS!
BEFORE ~ YOU GO TO FORECLOSURE!BEFORE ~ YOU FILE BANKRUPTCY!BEFORE ~ YOU LOSE YOUR HOME!BEFORE ~ YOU LOSE YOUR CREDIT!
Stop That Foreclosure, Save Your Home, Save Your Credit. You Don’t Have To Lose Your Home in Kingwood TX!
PLEASE READ THE INFORMATION BELOW AND TAKE ACTION NOW. SO MANY PEOPLE SIMPLY GET LOST IN THE SYSTEM OR DO NOT KNOW HOW TO WORK WITH LENDERS AND THEY SUFFER AN UNNECESSARY FORECLOSURE.
Pre-Foreclosure Objectives Are Simple VIDEO To Utilize A Unique And Extensive Knowledge Of Real Estate & Pre-Foreclosure Procedures & Stop Foreclosure Techniques, (We Are Licensed Professionals) ,How To Stop Foreclosures & How To Work With Your Lenders And/Or Loan Servicers When They Are Not Helping Or Being Abusive Towards You. Your Pre-foreclosure Specialist Should Negotiate On Your Behalf To Help You Avoid Losing Your Home & Further Damaging Your Credit. SHORT SALES A Pre-Foreclosure Expert negotiates with your Lenders to Stop and prolong a pending Foreclosure so that your home can avoid the Foreclosure Sale. A Short Sale Expert Should have all the licenses and expertise needed under their umbrella of Real Estate Services to work on your behalf to help you avoid a Catastrophic Foreclosure. Even if you owe more than your home is worth(Negative Equity), lenders in many cases approve Short Sales in thus helping you avoid foreclosure
LOAN MODIFICATIONS A Pre-Foreclosure Expert negotiates with your Lenders in an effort to get your Loan Modified so that your payments and terms are more manageable, and so that you can Afford to manage your payments correctly on a monthly basis. Further effort at bringing your loan back to current, work towards a lower interest rate & have past due amounts limited, mitigated or blended into the loan avoiding as much up front cost with your Lender as possible.
However, To Be Clear If You Do Nothing You Have a Ton to Lose.
a. You can have a foreclosure on your record for up to 10 years. (the death penalty for a credit record)
b. You may not be able to get a loan for another home for up to 3 years
c. Your Lender can seek a deficiency judgment against you which can be tens of thousands of dollars.
d. You can be forcefully evicted from your home shortly after the foreclosure.
e. Your Lender can issue a 1099 IRS form to you placing their loss on you which will be income tax you may have to pay in addition to a default deficiency judgment in the full amount of the lenders losses upkeep cost etc.
f. Filing Bankruptcy is widely known to be only a temporary bandage for a long term serious event. Your Lender will generally find a way to remove the home from the Bankruptcy or once completed still attempt a foreclosure as the first secured lien holder’s balance and/or payments cannot be compromised.
The Good News: A Really Good Pre-Foreclosure Expert should offer a FREE NO OBLIGATION CONSULTATION and advise you of how to deal with your lender and possibly whether or not you should Sell Your Home. While there are family issues and emotions at play, there are many times when you will better served to just go ahead and Sell Your Home, move on and get a fresh start for you and/or your family. Your Pre-Foreclosure Expert should be able to advise what is the best course of action for you and your family.
A Licensed Professional: In Closing, be sure that you use a licensed professional to help you with your needs. You and/or Your Families Best Interest Is Paramount and a licensed professional who is a Pre-foreclosure Specialist will give you the best opportunity at a positive outcome.
How To Avoid Foreclosure San Diego
Dec
28
Can You Stop Foreclosure Fast?
Posted by: | CommentsAvoid Foreclosure San Diego
With the global economy situation it is at present in, many home owners in the US are compelled to under-go foreclosure. The method of foreclosure leaves many families homeless and with no where to go. Though this trial can be over whelming and can result in in a home-owner being homeless, there are methods to forestall, stop, and delay foreclosure.What is foreclosure?Foreclosure is when someone who lends you cash to buy a home gets a court order to legally cancel your mortgage. If the lender of your cash wins the court order, they have they have the rights to your home and officially own it. Most homes, after they are handed over, go into auction where they are sold to cover the rest of the mortgage and any legal costs that they had to pay. If the cost of the house does not cover the expenses of the mortgage and legal costs the mortgagee can file for a deficiency judgment. This is another court order that can end up in the home owner owning the bank the rest of the money. There are heaps of methods to prevent foreclosure and to keep your home. The best way to avoid foreclosure is to concentrate to your mail. If you’ve got any notices or bills from your lender you should never ignore them because it’s not worthwhile in the future. If you ever miss a payment, the first thing you should do is talk to your lender. You also might be in a position to spread out a missed payment over a lengthy period. If you miss an once per month payment of $1200, the lender might let you pay and extra $100 of your monthly payment to pay of the missed bill. All of these rules can be different from lender to lender but they can normally be generalized and followed by everyone.How can I stop foreclosure?There are also methods to totally stop foreclosure, but these are far more extraordinary, but can be obligatory in certain times of debt. Another option to stop foreclosure is to sell your home in a short sale. This should be done when the home is not worth the quantity of mortgage left to pay. In a short sale the bank or lender generally agrees that they’ll simply take the amount that the home is worth. You could also sign a deed-of-lieu with your lender. This implies the deeds to the house will be handed over to the lender. This way to stop foreclosure will effect your credit the same as a foreclosure, but the bank routinely agrees to let the attendant live in the house till they find another place to live.Above were just a few paths to dodge and stop foreclosure on your home. The foreclosure of someones home is significant as it leaves family’s homeless and damages credit. .Alfredo Morris is a recognized expert in the field of foreclosures and short sales. To learn insider tips on how to talk to your mortgage company and negotiate your own loan modification, click Stop Mortgage Foreclosure or check out http://www.StopForeclosureFastHere.com
To learn the best ways and insider tips on how to talk to your mortgage company and negotiate your own loan modification, click stop foreclosure fast or visit http://www.stopforeclosurefasthere.com.
How To Avoid Foreclosure San Diego
Dec
27
Can Bankruptcy Stop Foreclosure
Posted by: | CommentsAvoid Foreclosure San Diego
Can Bankruptcy Stop ForeclosureBankruptcy to stop foreclosure is possibly the least-understood and least-desired option for most homeowners, although it can provide them with the last chance they need to be able to save their homes. The drawbacks to bankruptcy are widely discussed and raise serious concerns for foreclosure victims who want to preserve as much of their credit as possible, but this option can also provide homeowners with a last chance that is not present in other solutions to foreclosure.Bankruptcy can be used to set up a repayment plan that allows the homeowners to repair their credit and get back on track with their debts. Although it is usually an expensive payment plan, homeowners who have repaired their financial situations may be willing to pay more every month to fulfill their mortgage obligations. And once the bankruptcy is completed, homeowners can go back to paying their regular monthly payment without the threat of foreclosure hanging over their heads any longer.In foreclosure situations, filing bankruptcy will put the entire foreclosure process on hold, which is very important for homeowners when the situation is getting out of control and they are running out of options at the last minutes. When a foreclosure auction is approaching, and there is no other way to stop the sheriff sale, filing bankruptcy will immediately put everything on hold, including putting off the sale of the property. In certain situations, this is the most important aspect of bankruptcy, as it just allows the homeowners to gain a little more time to put together or complete a more reasonable plan to save their homes.However, there are also valid reasons why homeowners may want to consider bankruptcy to stop foreclosure as a last resort, rather than as their first line of defense. There are numerous methods that are available to stop foreclosure, and working with an attorney to file bankruptcy may not be the most appropriate solution in every case. Foreclosure situations are always unique, and deserve a serious evaluation to determine the best way to save the home.Filing bankruptcy can be a complex process that is expensive and may not bring about the desired results, in addition to harming the homeowners’ credit. When the homeowners’ finances have not sufficiently improved to the point of being able to afford the repayment plan, the bankruptcy is doomed to failure from the very beginning. Foreclosure victims should not agree to a repayment plan that they know will be unmanageable in the long run, because missing a payment in bankruptcy means that the foreclosure process will start back up.There is also the possibility of running across an unscrupulous bankruptcy attorney who does not act in the best interest of the foreclosure victims. Horror stories abound of homeowners who paid for the bankruptcy to be filed and the attorney simply did nothing with it, resulting in the loss of the home to foreclosure. Other attorneys have been known to advise clients to continually switch from a Chapter 13 to a Chapter 7 and back and forth over and over again, in an effort to have the clients pay substantially more in fees for each new filing. Although the vast majority of attorneys will act in the best interests of their clients, it is important that homeowners be aware of potential scams, even among bankruptcy lawyers.Thus, bankruptcy is a solution to foreclosure that most homeowners should examine with a reputable attorney, even if it is just to have a last-ditch effort to stop foreclosure on their homes. Foreclosure victims need to be aware of the implications of filing bankruptcy, and do their best to avoid being taken advantage of by a scam, but this option should not be ruled out entirely. Despite its complexity, drawbacks, and potential pitfalls, filing bankruptcy to stop foreclosure may give homeowners that one last chance to put the foreclosure process on hold for just long enough to find a more reasonable solution.For more useful information on can bankruptcy stop foreclosure, please visit Debt Consolidation Care.
Kasia writes about financial issues.
How To Avoid Foreclosure San Diego
Dec
26
3 Easy Steps To Stop Foreclosure
Posted by: | CommentsAvoid Foreclosure San Diego
Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them? Do not disregard the notice from your lender, try to contact them and also try to reach an agreement with them to stop the foreclosure. There easy steps that you can take to stop the foreclosure proceedings that have been brought against you. Before your lender or mortgagee would initiate a foreclosure proceeding against you, you must have defaulted by more than one month in a stipulated repayment agreement you had with them. Anyway, the mere fact that a foreclosure proceeding has been initiated against you does not mean that it will be successful, that is, that you will lose your home most especially if you are well informed. I will discuss below the 3 easy steps to stop foreclosure and retain your home but if push comes to shove, you should sell your house by yourself as a last resort. That way, your credit slate will remain clean but before push comes to shove, let’s consider the following steps to stop foreclosure.
1. As soon as your lender serves you a foreclosure notice, arrange to meet with them to figure out if two of you can fashion out a new mortgage repayment plan. I believe that the reason behind your mortgage default may have been due to the arising of an unforeseen circumstance. Which means that you will not be able to honor the already agreed repayment schedule, therefore, the only way you can honor it and also be able to meet other financial obligations that you have is if the amount that accrues at the end of each month is reduced to suit your present financial condition. For your lender or mortgagee to agree with this mortgage modification, you have to show them beyond any reasonable doubt that you will be able to truly honor the second agreement.
2. Another step you can take to stop foreclosure is to apply for a stop foreclosure loan or move to refinance your mortgage. To qualify for the stop mortgage loan, you have to scale some criteria. These criteria are determined by the agency that will give you this loan to specifically stop foreclosure. Choosing the option to refinance will see you get a second mortgage that you will use to totally offset the first one. In the process of striking the second mortgage deal, you will be in a position to choose the maximum monthly repayment amount that you can efficiently honor.
3. The third step to stop foreclosure that we shall be discussing in this write up is known as reinstatement or forbearance. Forbearance is a situation where your lenders agree to stop foreclosure proceedings against you for a while and also allow you to be repayment free for a particular period of time to enable you go get back on your feet financially. This can happen if there is sufficient indication that at the end of this repayment holiday you will completely offset your loan arrears and continue with your agreed monthly repayment obligation.
Note: There are various other ways that you can take advantage of to stop foreclosure proceeding brought against you, the important thing is that you should make an effort to stop it.
Have your lenders served you a foreclosure notice or is foreclosure looming because you have defaulted in your agreed monthly loan repayment schedule? There is no need to panic, all you need is to get acquainted with these proven steps to stop foreclosure . No matter how far the foreclosure proceeding has gone, you should still exploit these proven steps to stop foreclosure.
How To Avoid Foreclosure San Diego
Dec
25
Save Your Home Before It’s Too Late: File Bankruptcy to Stop Foreclosure
Posted by: | CommentsAvoid Foreclosure San Diego
When it comes to stopping a foreclosure on a home, the last thing that most homeowners want to resort to is a bankruptcy to stop foreclosure. Most homeowners do not fully understand using bankruptcy to stop foreclosure on their homes. In reality, filing bankruptcy to stop foreclosure can give a homeowner they need to save their home. Of course, there are disadvantages to bankruptcy as well, which is why many homeowners do not consider it in the first place. Bankruptcy does offer solutions to the problem of foreclosure, especially if there is no other way to save a home.
Homeowners who stop their foreclosure by filing bankruptcy will actually use the bankruptcy as a sort of repayment plan that will allow them to repair and restore their credit. While it will take time to repair their credit, there is the hope that they will be able to accomplish this through bankruptcy. However, it must be known that this repayment plan will be costly to the homeowner, but the cost will be well worth it to keep your home. Most homeowners will be more than willing to pay a larger sum of money every month as to meet any obligations of their mortgage. Of course, once the bankruptcy has run its course, the homeowner will be able to return to paying their normal monthly payments. Also, there will be no worry of a foreclosure after the bankruptcy is completed. When a homeowner files for bankruptcy during the foreclosure of their home, the foreclosure process will be put on hold. This will allow the homeowner extra time to get their financial affairs in order to prepare for the bankruptcy. Even if a foreclosed home will soon be up for auction, the bankruptcy will halt these actions. This is one of the best benefits of filing for bankruptcy to save your home before it’s too late.
It is wise to keep in mind that using a bankruptcy to stop foreclosure should be a last resort only. When all other options have failed, a bankruptcy to stop foreclosure may be the best option. You will want to work with a good attorney, if possible, if you decide to take the bankruptcy route to give you a higher chance of achieving favorable results. Filing for bankruptcy is an expensive and complicated process and there is always the chance that the homeowner will not get the results that they desire from filing bankruptcy.
Reverse That Foreclosure specializes in providing solutions to homeowners to reverse their foreclosure and meet their real estate needs. Visit http://www.reversethatforeclosure.com for a Free Reverse That Foreclosure Kit.
How To Avoid Foreclosure San Diego