How to Stop Foreclosure Avoid Foreclosure Orange County, CA

Posted on January 8th, 2010 by Fred

How to stop foreclosure, avoid foreclosure and sell my house in Orange County, CA: This is Part 4 and the FINAL VIDEO in our interview series. Today Tiffany interviews Gabriel and they discuss Deed-in-Lieu of Foreclosure and the unexpected bonus strategy… For more information and to download the newest book for FREE, visit: http://www.sellmyochomenow.com Distributed by Tubemogul.

Duration : 3 min 19 sec

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Stop Foreclosure Help For People Living In District Of Columbia

Posted on January 8th, 2010 by Fred

http://Snurl.com/ForeclosureGuide More and More People Are Facing The Prospect Of Foreclosure
DON’T LET FORECLOSURE HAPPEN TO YOU! Take the Steps to Preventing Foreclosure. Visit this site and check out this guide! Stop Foreclosure Help For People Living In District Of Columbia

Duration : 1 min 1 sec

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Stop Foreclosure Trustee Sale?

Posted on January 6th, 2010 by Fred

We have received a date for a trustee sale on our house. we are behind 6 onths and have talked with a attorney. He wants us to file a BK but our income is too high.( so is our mortgage)..
Anyway I have two questions..
1. Is there anyway to stop the tustee sale without using a attorney??
2. If we file a BK to stay in the house a few more months, will it show on our credit report if we dont do anything past the filing??
Thanks
Confused & Broke

John, the attorney’s advise is most likely your only option due to your current financial situation.

If you had paid a small amount of your mortgage each month and at least spoke to the lender when they called, you might have staved off the foreclosure proceedings. Now there are only two ways to stop it, file BK or pay up.

What are my rights as a tenant during a foreclosure?

Posted on January 6th, 2010 by Fred

Hi. I have a verbal month to month agreement with my landlord in New York State. She recently stopped paying the mortgage and the house is going to go into foreclosure. I got the paperwork from the attorney handling it back in November. My lanlord states that I have to continue to pay her the rent each month of $400. Is this true? I’ve heard from other sources that I can continue to live in the house with out paying my landlord until the bank gives me a 60 day notice to move.

Thanks for all your help in advance!

go for it

Mortgage foreclosure: should we just stop paying?

Posted on January 6th, 2010 by Fred

We bought our house in 2006 (it was built in 2005). We presently owe over $260,000 on our mortgage.

Our house is now worth no more that $160,000

Real estate values have collapsed in our neighborhood (there and several vacant houses on our street).

We have an Adjustable Rate Mortgage. Our mortgage payments will increase in Feb., 2010.

We can rent a house on our street for half the cost of our mortgage payment.

We are both employed. We have no credit card debt.

We do not need credit. We do not especially care if our credit report gets clobbered by failure to make mortgage payments.

Our neighbor has failed to make mortgage payments for eleven months. He received a foreclosure notice in the mail. A lawyer told him that he can still live in the house for at least four months longer (without paying anything).

Our State laws prohibit a lender from suing a homeowner who defaults on the mortgage.

If we stop paying our mortgage, we will be able to save at least $20,000 in the next year. Then we can move across the street and rent. Then in three years we can get an FHA loan and re-buy a house at a fair price.

So why not just stop paying our mortgage? What do you think?

In you position, i would probably do the same thing…Quit paying and save some money for a year til they throw you out.

Of course no one can predict what the real estate market will be like in 4 years…The same house could be worth more than 260k in 4 years….or what the mortgage rules will be at that time.