Get Help Now - Save Your Home
I love to look at new homes especially the models. One day I was out looking at homes and counted ten homes with a for sale sign in front of them. That was the saddest thing since the housing community was only two years old.
Foreclosures are turning into an epidemic. I just find it extremely hard to believe that people would work so hard and save for their dream home and then just give it away without a fight. One possible answer could be from lack of knowledge, which is the reason for this lens.
There are tons of companies specializing in buying foreclosed properties and selling those lists of "hot properties". Real estate agents standing by for some desperate owner to hand over their home so the agent can snatch it up and resell the home for a profit. Foreclosures are big business and very profitable. No wonder the homeowner does not stand a chance.
Listed below are a few tips to avoid foreclosure. Although this lens deals with homes in Texas, the majority of states follow the same procedures. I will be adding more information shortly so please keep checking back periodically.
1. CALL THE LENDER NOW
The sooner you contact the lender, the more options you may have. Lenders do not want your house. They already have enough homes and other financial obligations to worry about. Ignoring the problem will not make it disappear. 2. READ ALL MAIL FROM THE LENDER
Read all mail from the lender carefully. The letter should list all options you may have at this time in detail. Read the letter several times to make sure you understand it completely. 3. LOCATE YOUR HOME LOAN DOCUMENTS
Read over your loan documents carefully. By doing this, you will know what options you and the lender have when you default on a payment. 4. KNOW YOUR HOMEOWNER RIGHTS
- Texas Foreclosure Law
- This website explains the foreclosure law and a brief description of procedures and timeframes as it relates to Texas.
5. GET A HUD APPROVED COUNSELOR
- Locate A HUD Counselor
- Still confused with the foreclosure process or perhaps you do not feel comfortable speaking to the lender. HUD counselors can represent you in negotiations with the lender. Call 800-569-4287 or click on link to search by internet.
MORE FORECLOSURE HELP - BOOKS TO READ
DISCUSS FORECLOSURE WITH REAL PEOPLE
Earn money while chatting on MYLOT
What is MYLOT? It's an online community where you can dicuss WHATEVER topic you choose with people all over the world. There is a topic just on foreclosures. Just type "foreclosure" in the search box to locate all the discussions. There is a lady who used to work for a high end mortgage company in the foreclosure department and she has a post full of details about avoiding foreclosure. It helps to know someone on the "inside" because banks and realtors will not share this information with homeowners. They are only interested in making money from your misfortune.
Did I forget to mention the best part? MYLOT PAYS YOU FOR POSTS. Get some free advice and earn money at the same time. Did you just avoid a foreclosure? Then share your ideas with Mylot members and earn money. Click on the banner below to get started!
Did I forget to mention the best part? MYLOT PAYS YOU FOR POSTS. Get some free advice and earn money at the same time. Did you just avoid a foreclosure? Then share your ideas with Mylot members and earn money. Click on the banner below to get started!
A TON OF GREAT INFORMATION
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FREE Book On How To Stop Foreclosure and Credit Card Lawsuits
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My name is Julio Martinez-Clark, and I’m glad you landed on this page. My educational background include a Bachelor of Science degree in Electrical Engineering (B.S.E.E.), a Master of Business Administration (M.B.A.). I’ve always had a vivid curi...
IS YOUR LENDER ON THE LIST?
These mortgage lenders have voluntarily joined with the federal government to assist homeowners who are concerned about the future or have suffered due to recent changes in the economy. Here are some of the top lenders who will work with you to avoid foreclosure:
Bank of America----------------- (800) 846-2222
Chase Home Finance----------- (800) 848-9136
CitiMortgage--------------------- (800) 926-9783
Countrywide--------------------- (800) 763-1255
HSBC Mortgage------------------ (800) 338-6441
Midland Mortgage--------------- (800) 552-3000
Mortgage Service---------------- (800) 449-8767
National City---------------------- (800) 367-9305
Wells Fargo----------------------- (800) 766-0987
Washington Mutual------------- (866) 926-8937
Bank of America----------------- (800) 846-2222
Chase Home Finance----------- (800) 848-9136
CitiMortgage--------------------- (800) 926-9783
Countrywide--------------------- (800) 763-1255
HSBC Mortgage------------------ (800) 338-6441
Midland Mortgage--------------- (800) 552-3000
Mortgage Service---------------- (800) 449-8767
National City---------------------- (800) 367-9305
Wells Fargo----------------------- (800) 766-0987
Washington Mutual------------- (866) 926-8937
OTHER HELPFUL WEBSITES
- Disaster Relief for Homeowners
- This means that any borrower who lives within the zip codes published by the Federal Emergency Management Agency (FEMA) as being federal disaster areas will not - during the grace period - be charged late fees nor have late payments reported to credit agencies that can negatively impact their credit scores.
- Foreclosure Help for the Military
- If you or your spouse is on active military duty, you may qualify for a reduction in your interest rate resulting in lower payments. Read how the Servicemembers Civil Relief Act of 2003 (formerly the Soldiers' and Sailors' Civil Relief Act of 1940) affects military homeowners.
- Freddie Mac's Anti-Predatory Lending
- Don't Borrow Trouble is the first comprehensive consumer awareness campaign of its kind, combining public education and counseling services to help homeowners avoid lending practices that strip away their home's equity.
- Legal Forum and Database
- Ask a real estate and property question to a network of over 5000 attorneys in 35 countries. No charge and no obligation. Read other consumer's legal issues in the forum. More topics include bankruptcy, child custody, divorce, immigration, sexual harassment, workers compensation and more.
- National Association of Foreclosure Prevention
- Professionals (NAFPP) promotes public education and ethical foreclosure prevention practices. The NAFPP is a quick and reliable way for distressed homeowners to find resources and solutions to help stop their foreclosure now and find ethical professionals in their area.
- Neighborhood Assistance Corporation of America
- NACA is a national non-profit community advocacy and homeownership organization providing the best homeownership program in America. NACA's Home Save Program is committed to assisting Member's in every way possible to lower the mortgage payment to an amount that is affordable over the long-term. This may be through a NACA Refinance, a modification/restructuring of the loan or a payment plan with the lender or servicer.
- NeighborWorks Center for Foreclosure
- This organization was created to preserve homeownership in the face of rising foreclosure rates. In conjunction with national nonprofit, mortgage and insurance partners, the Center builds capacity among foreclosure counselors around the nation, conducts public outreach campaigns to reach struggling homeowners, and researches local and national trends to develop strategic solutions.
- President Bush's Speech
- President Bush announced that HUD's Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing.
- Stop Mortgage Fraud
- If you have been a victim of predatory lending or other housing scams, visit this website. Homeowners can also call 800-348-3931 to get information on what steps to take to file a complaint.
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- May 9, 2008 @ 1:21 am
- Wow!
This is terrific and more useful lens here, I never seen this type of lens for entire my lens. This is giving more informative information.
I have created one more important lens that focuses on divorce lawyers.
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