There is a lot of talk about foreclosure in the world today and it can get a person thinking if they could be a potential candidate for it. If you have started missing your mortgage payments, possibly received a notice from your lender, or fallen on financial difficulties, then the answer is yes, you could be facing foreclosure.
Most people in America are only about a paycheck or two from being in forecloures. If you unexpectedly lost a job, got sick, or lost income in the household due to a divorce, then you may be missing out on some money and struggling to keep your head above the mortgage payments. Sometimes people are so stressed and worried they block out the obvious signs that they are heading toward financial promlems and possibly foreclosure.
Signs that you are in financial trouble: -You are maximizing credit card use -You are using your credit cards for things you used to pay cash for such as; groceries, rent, utility bills, gas etc. -You are falling behind on mortgage payments and starting to get late fees and harassing phone calls from creditors -You can no longer pay off your credit cards and barely covering the minimum balance -When a credit card becomes maxed out, you apply for a new one instead of paying that one off -Tou have to choose which creditors to pay each month and who you can put off for a while, or not get a penalty for paying late. -Simply just not paying your creditors anymore and throwing the statements straight into the garbage when you receive them. -Friends and family are avoiding your calls, because you have asked them for money one too many times. -Your cupboards are filled with romaine noodles and you are not a college student -The thrift store seems too expensive -You haven’t been driving your car, because it ran out of gas in your drive way -You collect extra condiment packets, napkins, and plastic silverware at all the fast food restaurants to stock you home with them
If you are shaking you head yes to a lot of these signs or think that one sounds like a good idea, then most likely you are probably in some sort of financial difficulty and foreclosure may be knocking on the door. This is not a time to panic though, instead think of it as a good thing that you realized you’re in trouble and can take some steps to turning things around.
The top ways to start getting financial problems back on track
-Avoid foreclosure by talking to lender immediately and telling them about your financial problems, see what solutions may be available to you. -Call your creditors and explain that bankruptcy may be an option if they don’t lower you interest rates. Creditors hate when people file bankruptcy so they may be able to help you out more, it they think you going to do this. -Ask you boss for a raise, overtime, suggestions on ways to increase your pay. If they are of no help to you, consider getting a second job.
It takes time and effort to get your finances on track, so don’t get discouraged or give up. Know that there are services and people out there to help you, look into them and see what options are available to you. You can find help on stopping foreclosure and avoid it all together.
LJ Adama writes articles on financial advice and foreclosure help. To get better ideas on how to stop foreclosure. Or to learn about loan modification and foreclosure prevention methods please visit us at ForeclosureFish.com
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November 18, 2009 (Ashburn, Virginia) – When the mortgage crisis hit American homeowners full-force, companies offering “foreclosure rescue” and “loan modification” companies sprouted like weeds. Most promised troubled homeowners quick-fixes for high fees, and failed to deliver after collecting their money, leaving families poorer and closer to homelessness.
The new flood of loan audit companies is fueled by the spread of loan modification companies in an attempt to side step the upfront fees that the states have prohibited these companies from charging. They’re the proverbial “wolf in sheep’s clothing.”
Mortgage Fraud Examiners is a project of Lex Consulting http://www.instantlawpartner.com. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially trained attorneys, was created to provide lawyers with comprehensive assistance to help them keep their clients in their homes.
Mortgage Fraud Examiners CEO Storm Bradford explains: “Although forensic examinations of mortgage transactions can be of substantial value to a homeowner, regrettably, most companies providing these so-called ‘loan audits’ are nowhere near qualified to do so. They are performed and sold by persons with no legal training, such as, former real estate agents, mortgage brokers, or loan processors, who input data into some software program. The “audit” is a useless checklist of the documents provided to the “auditor,” with no information about the legal implications of the documents. It’s that old adage on computer software: ‘Garbage-in, garbage-out.’ We do our forensic examinations mostly for attorneys and their clients. Knowledeable attorneys are going to spot a scam ‘audit’ a lot quicker than a layperson. We have to provide services that withstand the scrutiny and demands of a trained legal eye. You need a specific and unique legal knowledge to do a forensic examination of a mortgage transaction; a ten-minute software audit is no substitute for three years of law school. We’re legal professionals looking for things that software can’t find, besides, we know what to look for!”
“A true forensic examination inspects the homeowners’ appraisal, mortgage and supporting documents, in the context of the dealings surrounding the creation of those documents, so legal experts can discover legal defenses a homeowner can use to avoid foreclosure.
Jonathon Moseley, an attorney specializing in foreclosures, employs the services of Mortgage Fraud Examiners explains, “Mortgage Fraud Examiners helps me identify contract defenses, torts, regulatory violations and other types of legal anomalies. The value of a thorough examination of the mortgage transaction is that the examination is done right — with legal accuracy and depth. Unfortunately, cheap imitators must be avoided. A simplistic, software-based forensic audit by individuals with no legal training defeats the whole purpose: Careful analysis of the whole transaction, to include an analysis of the appraisal is needed to prepare a legal defense. The first step in any contract dispute is to see if the contract is legally valid. Too many lawyers never check whether the mortgage is even legally enforceable before rushing in to tackle a foreclosure. Spending money on one of these so-called forensic audits is entirely wasted because it takes a thinking legal professional to find defects in a mortgage transaction.”
How does a consumer spot a legitimate loan auditor from an untrained one? “Ask the right questions,” Bradford advises. “Ask how they do they conduct the audit- is it software, or are there specifically trained attorneys spending real time examining the documents looking for contract defenses? If they’re not performing a forensic appraisal that should be a clue. We find appraisal fraud in four out of every five mortgage transactions we examine. Be wary if they tell you something vague like, ‘Attorney backed,’ or they’re ‘certified loan auditors.’ Either legal professionals are performing the examinations, or not, and there is no schooling or certification process to becoming Joe the Auditor. Someone could have been a ditch digger last week and doing ‘audits’ this week. Homeowners need to be careful. You even have attorneys doing loan modifications instead of doing what they are paid to do—that’s looking for contract defenses.”
“There really are many legal options available to homeowners facing foreclosure,” Bradford concludes. “But there are no shortcuts to finding them. Every claim has unique facts, every claim has different applicable law, and only a legal specialist is going to find the answers to help each individual borrower stay in their home.”
www.loanmodsmadeeasy.com Save your home from foreclosure and lower your rate using loan modification and avoid pre-payment penalties. 877-805-7272. Video Rating: 0 / 5
Tough economic times are forcing more homeowners into trying to modify their loans to avoid foreclosure…But for some it has turned into a nightmare. Attorney Michael Kushner, from the Kushner Law Firm, PLC discusses with Fox LA. Video Rating: 5 / 5
deed in lieu of foreclosure: will it do? ??????????????
is your properties? T? on the edge of a foreclosure? Well, you don ‘? Your not alone. In fact, the number of properties? Does? S needs? Be entered in the? State of Massachusetts is increasing? rate OD? tremely? lev?. However, this does not mean that the properties? Tions of Massachusetts are in a situation? Sesp? R? E. Although difficulties? S financial? Res, the properties? Tions still have a chance to arr? Ter foreclosure. There are options for? Avoid foreclosure of your properties? T? and all the idiots? consequences that process? cal belief brings.
One option is a? deed in lieu of a foreclosure. Just a note in lieu of foreclosure is to restore the properties? T? to pr? sector if the borrower is no longer able to pay the balance of pr? t. Both the walk? Sector and the borrower then enter into an agreement that the balance of the loan in default is forgiven?. The borrower is free from any obligation to pay the total? pr? t.
Quite simple is not it? Or is it that simple?
First, an act in lieu of foreclosure could? be possible with the consent of the pr? sector. Convincing a pr? Sector? sign a deed in lieu of foreclosure can be brought extr? extremely difficult. That pr? Tors want is tr? Sorerie. Not a good? sale. This is Particular especially true if they have any? J? in their possession a number of properties? t? s seizures or properties? t? s a privilege? age.
This difficult situation becomes impossible if you owe more than the value of the properties? t?. A walk? Sector does not poss? Der losing a piece of real estate. Instead, they advise the properties? Tions of whether to head to the properties? T? on the market? for a few months in case o? it can be brought? limin? gr? this? a sale? d? covered. Although this is another option pr? Prevention of the foreclosure sale? d? hedged its own feet? management. In all his? It, you lose your house. Simply choose the lesser evil.
For? avoid this dilemma, the properties? tions use? much wiser alternative. This solution is call? Modified e pr? T. The biggest advantage for the former? Execution of an amendment pr? T is that you? Your given? a choice to keep your home. This is done by / or trading with your dr? Tor to adjust the conditions of your walk? T hypothesis? Cairo today. By amending pr? T, the payment for the current month and the next few months there-after? S could? Be suspended. P? Period of payment can? Be prolonged? E r what? Product monthly depreciation. Under the terms agreed r? Recently, the rate of int? R? T or m? Me the principal amount could? Be r? Product? a level, you can m? me to wait.
The best approach? we do is ask for expert help to change pr? t. A soci? T? who? t? properties to help? tions in Massachusetts in stopping the process of foreclosure is pr? t LIG modification services. These experts can help you? pr? dress and? No? negotiate with the pr? sector in your name. They may use tactics diff? Annuities, as caller? one considers? humanitarian rations because of your financial situation? re present. They can? Also challenge the pricing pr? Tion rate and int? R? T imput and calculations?’re On your properties? T?. repr? introduce a third party is the best option because they can not? be targeted? s by collecting officers.
Remember that it is always best to emp? expensive to leave your home. It is always wise to have an option that would dispel any financial worries and enjoy your life in your house r? Fri. With the change pr? T you keep your home and your good cr? Said is not affected? E by the change.
www.moneysmartradio.com Matthew Sapaula drops by Fox to increase awareness of certain steps homeowners can do to protect their nest egg and prevent foreclosure. Check out his blog for more details and actionable steps you can take to protect your home equity and avoid the wave of foreclosures that continue to build. Plus, to receive your free e-zine, invitation to special events and LIVE workshops, register at http Video Rating: 5 / 5
www.castlelawgroup.com We have compiled the best team of experienced and skilled individuals dedicated to work on your behalf to secure the best solutions with your lenders to save your home. Video Rating: 0 / 5
At last, Stephen Windwalker provides the concise tell-it-like-it-is narrative for which we have all been waiting: How did we get here, how much worse is it going to get, and what can we do to protect ourselves, our families, and our future?
The time for seeing the world through a rose-colored lens is long over. Simple truths that run deep through Windwalker’s writing come directly from years of helping working and retired people stand up for economic justice
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