Foreclosed Homes Alpharetta
October 30th, 2010
http://NorthFultonDeals.com – looking for foreclosed homes in Alpharetta GA? Grab a free custom list with pics NOW. Includes foreclosures, short sales, hud home & more
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Foreclosure Prevention – Springboard – Homeownership Preservation Foundation
October 30th, 2010
Springboard is pleased to be a HUD-approved housing counseling agency, and one of 9 lead agencies serving the Homeowner’s HOPE(TM) Hotline, 888-995-HOPE (www.995hope.org). Springboard’s counselors help you prevent foreclosure.
If you are facing foreclosure, call 1-888-995-HOPE today.
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Where can I go to find foreclosed homes in my area without having to pay a membership fee to a website?
October 29th, 2010
I am looking for foreclosed homes in my area because they are much cheaper than other homes. However, whenever I try and find listings in my area, all I get are vague ideas, and in order to get the details, I have to pay a membership to the website I found it on. Is there anywhere I can go (either on line or in person) to get foreclosed home listings that I don’t have to pay for?
The information is public record, so if you go down to your County Recorder’s office you should be able to obtain a list of homes that recently had a Trustee’s Deed filed on them (this is the foreclosure document)
Most title companies also offer what is called a Notice of Default List, a Notice of Trustee Sale List, and a Trustee’s Deed List. If you call a title company like First American, Fidelity, or Lawyers Title and ask for customer service, you should be able to ask for their list.
A Realtor will have lists of REO (foreclosed) homes available to them through the MLS system that have been placed on the market by the banks. If you call one they can arrange to take you out to the homes and open them up for you.
Real Estate Foreclosure Scam Artist
October 27th, 2010
Los Angeles CBS reporter David Goldstein reports on convicted felon Raul Altamirano who offers to ‘help’ people facing foreclosure.
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What is better to Short Sale, or foreclosure your house?
October 25th, 2010
What do you recommend me to do? Because I’m confuse on what to do or what is the best thing to do. What process will help or wont damage my credit that much?
Please help.. Thank you!
It depends on a few different factors.
If we look at what will hurt your credit less, a short sale can be better.
But you may want to look at the bigger picture. Depending on what state you live in and what your loan documents say, you want to understand if you may owe the bank, the state and the federal government money too.
Depending on your loan docs, you may still owe the bank for any short fall after the sale (deficiency judgment).
Depending on the state, a foreclosure may allow you out of this for the first loan and the bank has no recourse. You still may be on the hook for taxes of the delta between the price you paid and the price it was sold for. Usually people can get a better price in a short sale and reduce the hit they receive on their taxes.
Talk to a real estate lawyer and an accountant to understand how you will be affected.
Good luck!
I live in a manufactured home that I do not want to live in anymore. How do I go into foreclosure?
October 25th, 2010
My interest rate is 17.5% and my mortgage payment and lot rent is so hard to keep up with. I have never been 30 days late. But I don’t want the house anymore and really don’t care about my credit either. Does anyone know what will happen if I just stop making the payments and let the house go into foreclosure? If my husband and I both have jobs paying us under the table, will they be able to garnish our wages still? Any advice would help. Like I said i don’t want the house, it depreciates it value, and I owe about $30,000 more than it is actually worth, so there is no sense in selling it or refinancing because no one will buy something that isn’t worh the money they have to pay for it.
Trust me, I know about my credit. I work in the mortgage industry. And I can’t help myself get a better loan. I owe $58,000 on this house, and after FIVE YEARS, I still owe $58,000. It is only worthg maybe $30,000. How can I sell this house? There are 30 or so homes in the community that are for sale. They are bigger, look better, and are selling for a lot less. Like I said, I have never been 30 days late thinking I can save my credit, but I give up and will seek help from family members with getting into another house. I know about still having to owe the difference, but if I have no money they can’t take it from me right?
Rent it out & go live/rent somewhere else….at least that way you’re not living there…the house is paying for itself while someone else pays to live there.
Nothing is lost, you’re credit is will be ok & you’ll be happy living somewhere else.
New York Foreclosed Homes – NY
October 24th, 2010
New York foreclosed homes Source: Visit http://www.e-foreclosuresearch.com/ and Search our NY Foreclosure Listings to Save Money. Our Database includes Foreclosure Homes for Sale, Bank Foreclosures and Repossessed Properties
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Bankruptcy reform will help the foreclosure crisis
October 24th, 2010
California bankruptcy lawyer Jason S. Buckingham discusses how bankruptcy reform will help homeowners avoid foreclosure. http://www.jsb-law.com
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Would A Foreclosure Loan Help You Save Your Home?
October 22nd, 2010
Homeowners facing the loss of their homes due to a financial hardship often rely primarily on getting a new line of credit to stop foreclosure. In effect, they are trying to solve a debt problem by taking on more debt, refinancing their mortgage or taking out a personal loan or car title loan to get the funds to pay back the arrears. There are a number of loan products that they may even be able to qualify for, if the foreclosure process has not gone too far, but homeowners should carefully examine their options for foreclosure loans, to make sure they are getting into an affordable payment and not simply postponing the inevitable. The first obstacle that homeowners facing a financial crisis will have to overcome is a low credit score. Although their credit may be reasonably healthy in the beginning stages of the hardship, once they begin missing mortgage payments, their credit score will drop dramatically and it will be very difficult to obtain any kind of loan, mortgage or otherwise. This will force them to rely on alternate sources of funding, such as private real estate investors, subprime lenders specializing in bailouts, or hard money lenders, that may not offer terms in favor of the homeowners. The qualification guidelines will be drastically more difficult to meet, and costs for these types of mortgages may seem very expensive. Additionally, the current foreclosure crisis in the real estate market has caused many lenders to go out of business, and many more to tighten their lending guidelines. One hundred percent, stated income, interest only loans are simply no longer available, and homeowners who obtained loans such as these may have very little equity to work with. Hard money lenders, while not hit quite as hard as subprime lenders, are also experiencing decreases in the value of their mortgage holdings, due to the softening market. And decreases in home values are sucking the wealth out of communities, as local homeowners turn into renters, and large corporate banks end up owning vast portions of cities, unable to sell them to a market that no longer exists. Learn more..
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how can I get out of my time share foreclosure?
October 21st, 2010
I have had a silver leaf timeshare for several years and have been paying on it monthly.About 1 year ago silver leaf talked my family into upgrading to a more expensive unit. we live on social security and could not afford it so we stopped paying. yesterday we received a foreclosure notice on it. What should we do? Please help.
You must act fast…try speaking with silver leaf to get an extension of time and to lower the debt owed. Timeshares are not like regular property, so it may be difficult to negotiate. But TRY.
You can try to sell it, but the timeshare resales market is overly saturated with inventory right now. And you are out of time.
Foreclosure significantly ruins your credit. You won’t be able to purchase anything big for at least 3 years, and the foreclosure will probably be on your record for at least 7 years. Not the end of the world, just makes your financial situation much more difficult to deal with.