The U.S. government can stop foreclosure process by implementing two consumer-oriented strategies, according to Jeff Sovern, a consumer law professor at St. John’s University in New York.
One is the reconsideration of the bankruptcy proposal rejected by the Senate in April this year and the other is the creation of the Consumer Financial Products Agency, [...]
Stop Foreclosure Process Based on Consumer Survey
September 28th, 2009 by Cassiano TravareliStop Foreclosed Houses by Demanding Original Mortgage Notes
September 25th, 2009 by Cassiano TravareliHomeowners can stop foreclosed houses by demanding any entity foreclosing on their mortgages to show the original mortgage notes.
In judicial foreclosure states like New York and Florida, homeowners can delay foreclosure proceedings by filing in court a legal request to advise lenders to show original mortgage notes before proceeding with foreclosures.
Because of the modern [...]
Avoiding Foreclosure If You Have Lost Your Job
September 21st, 2009 by Cassiano TravareliAvoiding foreclosure if you have lost your job is oftentimes difficult and even impossible for many. The options available to you become fewer and in many cases, the only option left is letting your house go into foreclosure.
If your spouse has a stable job and if your prospects of getting back into the work [...]
Stop Foreclosure Homes, Iowa Attorney General Says
September 18th, 2009 by Cassiano TravareliStop foreclosure homes has been one of the key statements made by Iowa Attorney General Tom Miller when he met with Obama administration officials and other state attorneys to discuss strategies in preventing mortgage fraud in his state.
Miller’s concerns about foreclosures intensified after getting more information about the resetting of pay option adjustable rate [...]
How to Stop Foreclosure, According to HUD
September 17th, 2009 by Cassiano TravareliIf you have been missing your monthly loan payments and you have received default notices from your lender, do not ignore the notices and do not keep on delaying action. Find information on how to stop foreclosure at government web sites and ask help from HUD-certified housing counselors in your area.
The further you get behind [...]
Stop Foreclosure HUD using Alternatives to Loan Modification
September 9th, 2009 by Cassiano TravareliYou can still stop foreclosure HUD even if you have been rejected or are not qualified for loan modification under the Obama administration’s foreclosure prevention program.
You can choose from alternative foreclosure prevention options that several lenders have approved as valid loss mitigation options. When a borrower becomes delinquent for three months or more, the [...]
Stop Foreclosure Loans: Will They Really Save Your Home?
September 4th, 2009 by Cassiano TravareliIf you are already behind by two or three months in your home loan payments and the bank has already sent you a default notice and a final warning that the next document would be a foreclosure notice, you are now probably considering obtaining stop foreclosure loans to pay your arrears plus the interest and [...]
Continue Reading: Stop Foreclosure Loans: Will They Really Save Your Home?Avoid Foreclosure by Filing for Bankruptcy
July 23rd, 2009 by Cassiano TravareliBankruptcy can be one of the options to avoid foreclosure. This can give you a little break in all the chaos you are having with your home mortgage. But this should only be tried as a last resort because it can also damage your credit rating.
This is advisable for “non-judicial” states like Texas where the [...]
10 Different Course of Action That Can Prevent Foreclosure
July 22nd, 2009 by Cassiano TravareliThe number of homes that receive foreclosure notices continues to increase. But troubled homeowners must know that they can prevent foreclosure. It is their lenders duty to present options, but it is the delinquent homeowner’s responsibility to ask.
Here are 10 alternatives you can choose from to prevent foreclosure:
HOPE NOW
In alliance with the mortgage industry, Hope [...]
A New Task Force to Help More Owners Avoid Foreclosure
July 21st, 2009 by Cassiano TravareliA lot of the trouble homeowners fail to avoid foreclosure because they did not take the most important step in saving their home— talking to their lender. They say that they do not trust their lenders that much.
What they do not know is that what their lenders present (short sale, loan modifications, etc.) are their [...]