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There are so many Americans who are either in pre-foreclosure, where they are 90 days or more behind on paying their mortgage or already have foreclosure proceedings in progress. There are millions more who have already lost their homes to foreclosure.

Your credit score will take a big hit having a foreclosure on your credit history means., You might see a hit of as much as... Read More

Month One Missed Mortgage Payment:

• The first month that you fail to pay your mortgage payment, your mortgage company will try and contact you, usually by mail, to inform you that you are delinquent on your mortgage.

• The mortgage company will charge you a late fee on this missed first month mortgage payment.

• It is very important that you speak to your mortgage company and... Read More

About 25 percent of borrowers helped under the administration's massive foreclosure prevention plan, known as Making Home Affordable, have already fallen behind on their new mortgage payments. This raises new questions about the effectiveness of the program.

New pressure is being put on lenders to do more to move struggling homeowners into loans with easier terms.

So far,... Read More

If you are a homeowner having difficulty making your mortgage payments, you need to realize that there are ways to avoid having your home foreclosed upon by the bank. Here are the most common ways to avoid this painful (and financially harmful) process altogether.

While mortgage foreclosures are certainly out-of-control, there are ways to stop foreclosure on a home. The... Read More

by Brandon Cornell

Many of the properties that get foreclosed upon end up being sold at real estate auctions for less than market value. What this means to you, as a home buyer, is that you can often save a lot of money by purchasing a home at auction (instead of buying it through a traditional real estate transaction).

With that in mind, I would like to offer you 21... Read More

FINANCES

Free Credit Report:
The only truly free credit report!
(Note: Users have reported being charged for... Read More

1. Finding a Foreclosed Home to Buy

Finding foreclosure homes is not as easy as finding regular homes for sale, because they are typically not advertised in the same ways. On top of that, the foreclosure market can move pretty fast, especially in areas with an active buyer’s market. There’s a... Read More

A deed in lieu of foreclosure aka (cash for keys) is when a home owner conveys all their interest in a property to the lender in order to avoid foreclosure proceedings. In the typical deed in lieu of foreclosure scenario, the mortgagee is in default and has not been making his or her mortgage payments.

Proceeding with the deed in lieu of foreclosure offers advantages to... Read More

The national foreclosure crisis is like a nightmare, from families losing their homes on a personal level, to once-thriving streets with overgrown yards and unkempt, abandoned houses. While many homeowners are struggling to hold on to their homes, governments are trying to revive deteriorating neighborhoods, stimulate the local economy, create more jobs and secure better... Read More

Foreclosures in many parts of the country are at near-record levels, and recent declines in both property values and employment mean that more homeowners will land in foreclosure this year.

Many people are left wondering either how to buy a foreclosed property or how to get help if they’re facing foreclosure.

There are so many radio ads, infomercials, seminars and even... Read More

A short sale occurs when the proceeds of a real estate sale are insufficient to cover the mortgage or balance owned on the property. In a short sale, the bank agrees to take less than what is owed to them due to an economic or financial hardship on the part of the borrower.

This negotiation can take a long time to accomplish. In many cases it takes months to negotiate a... Read More

Many people dream of owning their own home, but with the high prices of real estate today, it is just too expensive. Homes have doubled and tripled in price in the past few years, so more and more people are buying mobile homes. Mobile home foreclosures are a definite possibility for a more inexpensive home on today’s market.

You can get just about anything you want in a... Read More

NBC Nightly News reports on a Rhode Island lawyer who says he's helped 100% of his clients avoid having their homes repossessed. He says he calls his practice "foreclosure stoppage" or "produce the note."

Here's how it works: When you get a mortgage, you sign a promissory note. As... Read More

More Californians are failing to make their mortgage payments than at any time in the last 20 years, but fewer of them are losing their homes, according to new figures.

The drop in foreclosures follows moratoriums adopted by major banks and mortgage giants Fannie Mae and Freddie Mac. The increase in loan defaults, meanwhile, suggests that rising unemployment and the... Read More

First off, lets’ deal with the emotional side of getting a default notice. There is no doubt this is a tough situation to be in. There are several reasons why you have started to miss a few payments. We won’t rehash that here (see the www.sellmyhouse.com blog). Sometimes there is comfort in knowing that other good people such as yourself fall on hard times. Let me tell you,... Read More

Some reasons for entering the foreclosure process:

• Loss of your Job
• Medical Issue
• Divorce
• Untimely dealth of a loved one
• Ex... Read More

Segment 1: Those who are... Read More