3 Proven Methods To Stop Foreclosure That Do Not Completely Destroy Your Credit
Few, if any, homeowners plan to go into foreclosure. Should you be facing foreclosure then you are probably feeling a great deal of anxiety and confusion regarding your situation. Before you pay anyone claiming to stop your foreclosure thousands of dollars be sure that you have investigated all the possible ways to stop foreclosure and save your home. Foreclosure scams are on the rise and many homeowners (just like you) are desperate for a fast solution and are having their homes stolen from...
6 Proven Strategies To Avoid Foreclosure And Save Your Home
If you are one, two or three payments behind on your mortgage then you would be wise to take immediate action regarding the following information. Homeowners, just like you, are often caught in unexpected hardships such as divorce, death in the family, job loss, or medical emergencies that lead them to falling behind in foreclosure. The good news is that there are ways to avoid foreclosure and save your home.
To avoid foreclosure you must prevent a Notice of Default (NOD) from being filed...
Bankruptcy Or Foreclosure: Which One Is The Best Way Out If You Cannot Afford Your Mortgage?
There are no easy decisions when facing foreclosure. If you are trying to decide between bankruptcy and foreclosure there are several considerations that you should keep in mind. Both bankruptcy and foreclosure will significantly lower your credit score by 200 to 300 points. A foreclosure will stay on your credit report for 7 years, Chapter 7 bankruptcy will remain for 10 years, and Chapter 13 for 7 years if you follow the agreed upon repayment plan, 10 years if you do not. You cannot file a...
Dispel These Myths About Short Sales And Foreclosures
Among the many solutions available to you if you are facing foreclosure is a short sale. Individuals and companies that promise fast foreclosure help often fail to inform you on the damage a short sale will have on your credit report. A foreclosure will remain on your credit score for 10 years and youll typically have to wait 2-4 years before you can apply for any loan that offers a reasonable rate. The truth is there is no credit score advantage to a short sale over a foreclosure. Both of...
How You Can Get The Government To Help You Pay Your Mortgage And Avoid Foreclosure
Approximately 2.2 million Americans have an adjustable-rate mortgage (ARM) that is due to adjust this year. For many homeowners these newly adjusted rates will significantly increase their mortgage payments and lead them into foreclosure. If you are facing foreclosure or believe you will have difficulty paying your mortgage because of an ARM reset then the Federal Housing Administration (FHA) has a new program designed just for you.
The program is called FHASecure and it gives homeowners...
The 10 Most Common Mistakes Made By Homeowners Facing Foreclosure
As a real estate investor in Central Florida, Ive come across many homeowners who are facing foreclosure for the very first time and they all seem to make the same mistakes. When you have fallen on hard times due to a job loss or a mortgage reset, it is easy to feel depressed, helpless, and think Ill just let them take the house. But you must realize that there are many solutions available to avoid foreclosure and save your home! The following are common mistakes you should avoid in order...
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