Avoid Foreclosures
Indiana Homeowners Warned About Foreclosure Scams
Homeowners in Indiana, including those in other states, need to be wary about people claiming they can save foreclosed houses, particularly if they demand cash payment before starting their service.
Experienced swindlers know that homeowners in danger of foreclosure are desperate and therefore open to all kinds of remedies that will save them from losing their [...]
Holiday Time-out for Florida Foreclosures
With foreclosures on the rise, it seems like a lot of homeowners will be facing a bleak holiday season this year. However, Gov. Charlie Crist is considering to give a Christmas gift for his constituents and put a holiday moratorium, albeit temporarily, to Florida foreclosures.
Michigan Bill on the Way to Avoid Foreclosure
Tracy Hunnicutt, a resident in Detroit, was very devastated as she was evicted by her landlord due to foreclosure.
The 42-year old lady said she pays the rent promptly and in spite of having a written contract, she and her daughter were forced to leave the house on Tuesday.
Sen. Hansen Clarke passed a bill weeks ago [...]
Say No to Foreclosures!
You just can’t turn back from a foreclosure but there are a lot of ways to prevent it from coming your way. Several families face foreclosures due to the following reasons: unexpected unemployment, medical emergency, divorce, death within the family, job demotion, excessive debts, unexpected expenses for home maintenance and inability to pay increasing interest rates.
Chase: No Foreclosure for 3 Months
With both the government and non-profit organizations working hand in hand to curb foreclosure crisis, it is not surprising that lenders such as JP Morgan Chase has also decided to extend their help to distressed homeowners facing foreclosure. In the next 3 months, the New York-based company will temporarily stop foreclosure filings.
Stopping Foreclosure with a Short Sale
For troubled homeowners looking for a way to stop foreclosure, there is an option that has become quite popular these days β the short sale. An agreement between the distressed borrower and the lender, this transaction will effectively stop foreclosure and save both parties much inconvenience.
Ed Mc Mahon Successfully Avoided Foreclosure
A couple of months ago, the entire nation was surprised to hear that television personality Ed McMahon is facing foreclosure. Even though his home has been for sale for nearly two years, there were no interested buyers. Unable to satisfy the $4.8 million mortgage debt, McMahon ended up facing foreclosure.
Homeowners make hasty amends to avoid foreclosures in Houston, Texas
Though a bill was recently cleared by Capitol Hill Lawmakers to help people avoid foreclosures, allowing homeowners to refinance their currents loans into ones backed by the government, some Houstonian house owners are taking their own immediate steps to stop from their properties becoming one on a long, growing list of Houston foreclosure homes. In a simple but sensible move, they are renting out rooms in their own houses to reduce the risk of foreclosure. The uncertain economy combined with rising interest rates in the debt market is rendering many borrowers insufficient to repay neither their mortgages nor the mounting interests on them and has forced them into the uneasy position of making their homes into one of the many Houston foreclosure homes.
The Key to Stopping Foreclosure
The whole nation is abuzz with three things: the upcoming election, skyrocketing fuel prices and the growing number of foreclosure homes. Obviously, it will be difficult to control the outcome of the election and the fuel price hike. But when it comes to avoiding foreclosure, you can actually have the chance to do so.
Avoiding Foreclosure in Three Easy Steps
In a pan of twelve months, the number of foreclosure filings has jumped by more than 50 percent, according to RealtyTrac Inc. This means that more and more homeowners are having problems meeting their mortgage payment obligations.
