Help stop foreclosure

Top Ten Reasons People File for Bankruptcy

Posted on October 31st, 2010 by Fred

1. Eliminate the legal obligation to pay many of your debts..
This process of wiping the slate clean is called a discharge of
debts. The goal of a discharge is to reduce debt to give you a
fresh start. Whether it is through straight bankruptcy (Chapter
7 Bankruptcy) or through reorganization (Chapter 13 Bankruptcy),
most or all of your debts can be cleared.

2. Stop foreclosure on you house and allow you to effectively
make payments to catch up on missed payments of your mortgage.
If your home is in foreclosure, Chapter 13 Bankruptcy will stop
the foreclosure any time prior to the sale. Bankruptcy does not
eliminate mortgages on your property without payment. Rather,
bankruptcy will structure a plan in order to repay your mortgage
arrears (the amount that you are behind). <stop foreclosure>

3. Prevent your car or other property from being repossessed.

Even if the creditor has repossessed your car, filing bankruptcy
can effectively force them to return your car or other personal
property (if the bankruptcy is filed quickly enough). The past
payments you have missed will be consolidated into your Chapter
13 Bankruptcy plan. After this you will no longer pay the
finance company, rather you will make monthly payments to the
trustee of your Chapter 13 Bankruptcy who will then pay the
finance company.

4. Reduce or even eliminate high medical bills.

Sometimes an unfortunate accident or major recently discovered
illness can completely ruin a family. Many families have to make
choices on allocation of bills. Often, bills that were once
important become insignificant to the large medical bills
acquired by a loved one. Filing Chapter 7 Bankruptcy can greatly
reduce the amount of medical bills. 5. Recent loss of
employment.

Studies show that loss of work is one of the most common reasons
people file for bankruptcy. This is very easy to see. A family
can get comfortable on two maybe even one salary. They can take
on regular amount of debts, join clubs, and pay normal bills
with relative ease. All of a sudden one or both spouses lose a
job and a family must go from two salaries to one. Losing a job
is closely tied to high medical bills. Losing a job means this
family may be left without the protection of insurance that was
once provided by their employer. Often times these two factors
combined create an almost impossible mountain to climb without
the help of bankruptcy.

6. Stop harassing behavior from creditors.

Some creditors do not always take the right course of action
when attempting to collect a debt. Often, creditors will
persistently call the home of a particular debtor with demeaning
and abusive behavior. Not only is this unethical it can rise to
the level of unlawful. In essence, bankruptcy will put on hold
the demands of many creditors and stop the harassing phone calls
and other inappropriate behavior all together.

7. Restore or prevent your utilities from being shut off.

As you have probably seen many of these reasons overlap. Some
lead to another. If your home is in risk of foreclosure then
your utility bill may also be in risk of being terminated.
Filing bankruptcy can prevent the utility company from leaving
you in the dark.

8. Provide help for large amounts of student loan debt. <student loans>

While it is true that your student loans will not be eliminated
like several other types of unsecured debt, bankruptcy can
consolidate your student loan debt. This consolidation will
allow a debtor to make monthly payments through Chapter 13
Bankruptcy that are within the financial ability of the debtor.

9. End wage garnishments.

Chapter 7 Bankruptcy will stop wage garnishment. Wage
garnishment basically takes away your weekly earnings often
times leaving you without necessities. Chapter 7 Bankruptcy
allows you to purchase necessities for you and your family.
Chapter 13 Bankruptcy will also help in this regard.

10. Challenge certain claims of fraudulent creditors.

Bankruptcy will allow you to challenge these claims from
creditors who are trying to collect more money from you than you
really owe. An attorney can provide the support and the backing
you will need to step up to these creditors. Attorneys often
even the playing field between a big creditor and a single
debtor. Filing bankruptcy with an attorney can stop fraudulent
reporting by a creditor.

Bankruptcy Home
http://www.articlesbase.com/debt-consolidation-articles/top-ten-reasons-people-file-for-bankruptcy-831.html

Free Foreclosure Help!

Posted on October 30th, 2010 by Fred

Free Foreclosure help from Integrity Investments. Let us help you stop the free fall of your credit. There are other options other than foreclosure, choose the right one for you and your family.

Duration : 1 min 39 sec

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does anyone know about registering online for naca.com? it’s to stop home foreclosure.?

Posted on October 28th, 2010 by Fred

We have two days to stop the auction on our home and my father whom is old fashioned doesn’t know about computers. he was at the convention center this last week and gave them my wrong email address and now we can’t access our file online and can’t seem to get through on the customer service line that i’ve been trying all day. We are desperate. I hope someone who has experience with this reads this. Please help us. Will do anything.. PLEASE. THANK YOU. GOD BLESS

I hav never heard of NACA but, depending where you live and how much work you are willing to do in 48 hours..

What state do you live in? Last week 3 major lenders revealed problems which have led to a moratorium on foreclosures in the 23 states that require lenders to use a judicial foreclosure process (put link below with article that lists states)

Is his loan serviced by FNMA or FHLMC? Government sponsored modification programs such as HAMP and HARP-loans serviced by these two are mostly eligible to apply for these programs.
Once you APPLY, the lender is forbidden from taking foreclosure steps until it is decided whether or not he will qualify. If you call his bank and tell them you want to apply for HAMP or HARP (long as the basic reqs are met and again I will put the website link which will give you the specifics), they are legally obligated to stop until it is determined if he is eligible for the initial trial ( this process can take several months to determine whether the bank must modify or if they can start foreclosure)

I am feeling feisty tonight and I have a soft spot for the elderly so I am going to give you a couple of the inside type of stuff that usually gums up the works on the lenders end. Call the lender and
demand proof that they actually are in possession of the note and deed of trust/mortgage soca that he signed at closing. Legally, bank can’t proceed with foreclosure action if they can’t prove that they actually have the standing (during the crazy years when we were buying and selling loans, paperwork that was to follow and complete the transactions never made It to the new "owner" of the loan. Couple of days ago big article about this citing especially Countrywide for never completing their sales and now the new owners of the loans are scrambling to find what warehouse the docs are in because they have started foreclosures and are supposed to be able to produce upon request, couple of lawyers requested and everyone started realizing we have no idea where these docs are. Don’t get me wrong, the lender once they find them is in the right but they can’t proceed until they do find them so it is a delay tactic to just buy time.

Lastly, the one most people don’t know-pull all of the original loan closing docs-the Truth In Lending, the Note and the security instrument (deed of trust), all of these docs have very specific manners and info which was legally required to actually enforce the transaction, there have been a smattering of low profile suits where lenders had to vacate mortgages because they had not stated the APR within the federally mandated tolerance, or someone used the wrong instrument or numbers…again, during the crazy years, there were a lot of unqualified, overworked employees in the industry who made A LOT of mistakes… This tactic will require you to find and get into an attorney’s office ASAP but it is very effective if it pans out.

I am not a believer in using loopholes

Florida Mortgage Broker

Posted on October 22nd, 2010 by Fred

These are times of recession and it is expected that real estate will bear a major brunt of it. Having said this, few government initiatives at the right time can turn things under different radar. Well! The sub prime crisis is fresh in our minds but a more cautious spread from the mortgage companies can always be helpful in a fair lender-borrower relationship. Florida is doing very well in terms of its real estate, and it is looking to buck the recession trend. Mortgage brokers in Florida are doing handsomely and in fact, they are the pivots around which the real estate game revolves. Earlier, when regulated real estate was still in its budding stage, many homes where brokered by banks, and financial institutions; these institutions had work force which saw a deal through its final stages. Today, things have changed a lot. Real estate has become a trillion dollar set up. This means that it needs to be regulated over a broader domain. Banks can’t look to tap enough resources to do so. This is where the brokers come into the picture. They walk through the deal till it is time of closure, and represent the buyers or sellers or both. They have a lot of great benefits. A Florida mortgage broker will talk to a borrower through the first part of the contract. Next, they keep in touch with the borrowers till the deal is closed, and also explain the hidden clauses of the property agreement. They tell about the acreage, land structure, any possible dispute associated with the property. The brokers today also takes the borrower through entire process of negotiation. They try setting proper terms with the lender, and arrange for the best possible interest rates and least down payments. Not only this, they help in closing the deals, and also do their best in getting a loan approved by some top-of-the-line housing administrations. If an old person is buying a house in Florida, the brokers take extra measures to tell him all about the deal. This makes the old people doubly ensured. Today, the brokers also look into refinance, foreclosure, stop foreclosure, restructuring, and short sale. Sometimes a home owner falls back on mortgage payments. In these cases, the lender looks to get the foreclosure clause in or a loan modification. If it’s the FHA that had worked as a bridge then a lender is lenient (as FHA pays in the event of default) otherwise the lender tries to go for foreclosure (obviously after a certain point of default). If the homeowner wants to keep his home intact and is looking for a restructuring to get back to the current payment, then the Florida mortgage brokers will look into modifying the loan to help in stopping the foreclosure. The stop foreclosure process is a technical process, and the brokers have to abide by many real estate guidelines of Florida but till the time a homeowner can prove his eligibility, it can be done. In case a home has to go, the brokers involve themselves in short sale to make the pain of loss lesser. For few of these processes, the law does not entitle the brokers a direct role so they work with a lot of subtleness.

jamiehanson
http://www.articlesbase.com/real-estate-articles/florida-mortgage-broker-705786.html

Foreclosure Help Cohasset Massachusetts

Posted on October 21st, 2010 by Fred

Foreclosure Help Cohasset Massachusetts- If you are behind on mortgage payments or need Foreclosure Help in Cohasset Massachusetts be sure to check out Jordan Properties, LLC at www.jordanpropertiesllc.com

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Is there some type of government grant to help stop foreclosure ?

Posted on October 19th, 2010 by Fred


No, grants are money that is given without expectation of its being repaid; however, there are government sponsored modification and refinance initiatives (HARP, HAMP, UP, 2MP- think government pays someone to come up with cutesy acronym names 🙂 ). Link to government website with general info:

http://makinghomeaffordable.gov/borrower-faqs.html#60

Top Ten Reasons to File Bankruptcy

Posted on October 12th, 2010 by Fred

1. Eliminate the legal obligation to pay many of your debts..
This process of wiping the slate clean is called a discharge of
debts. The goal of a discharge is to reduce debt to give you a
fresh start. Whether it is through straight bankruptcy (Chapter
7 Bankruptcy) or through reorganization (Chapter 13 Bankruptcy),
most or all of your debts can be cleared.

2. Stop foreclosure on you house and allow you to effectively
make payments to catch up on missed payments of your mortgage.
If your home is in foreclosure, Chapter 13 Bankruptcy will stop
the foreclosure any time prior to the sale. Bankruptcy does not
eliminate mortgages on your property without payment. Rather,
bankruptcy will structure a plan in order to repay your mortgage
arrears (the amount that you are behind). <stop foreclosure>

3. Prevent your car or other property from being repossessed.

Even if the creditor has repossessed your car, filing bankruptcy
can effectively force them to return your car or other personal
property (if the bankruptcy is filed quickly enough). The past
payments you have missed will be consolidated into your Chapter
13 Bankruptcy plan. After this you will no longer pay the
finance company, rather you will make monthly payments to the
trustee of your Chapter 13 Bankruptcy who will then pay the
finance company.

4. Reduce or even eliminate high medical bills.

Sometimes an unfortunate accident or major recently discovered
illness can completely ruin a family. Many families have to make
choices on allocation of bills. Often, bills that were once
important become insignificant to the large medical bills
acquired by a loved one. Filing Chapter 7 bankruptcy can greatly
reduce the amount of medical bills. 5. Recent loss of
employment.

Studies show that loss of work is one of the most common reasons
people file for bankruptcy. This is very easy to see. A family
can get comfortable on two maybe even one salary. They can take
on regular amount of debts, join clubs, and pay normal bills
with relative ease. All of a sudden one or both spouses lose a
job and a family must go from two salaries to one. Losing a job
is closely tied to high medical bills. Losing a job means this
family may be left without the protection of insurance that was
once provided by their employer. Often times these two factors
combined create an almost impossible mountain to climb without
the help of bankruptcy.

6. Stop harassing behavior from creditors.

Some creditors do not always take the right course of action
when attempting to collect a debt. Often, creditors will
persistently call the home of a particular debtor with demeaning
and abusive behavior. Not only is this unethical it can rise to
the level of unlawful. In essence, bankruptcy will put on hold
the demands of many creditors and stop the harassing phone calls
and other inappropriate behavior all together.

7. Restore or prevent your utilities from being shut off.

As you have probably seen many of these reasons overlap. Some
lead to another. If your home is in risk of foreclosure then
your utility bill may also be in risk of being terminated.
Filing bankruptcy can prevent the utility company from leaving
you in the dark.

8. Provide help for large amounts of student loan debt. <student loans>

While it is true that your student loans will not be eliminated
like several other types of unsecured debt, bankruptcy can
consolidate your student loan debt. This consolidation will
allow a debtor to make monthly payments through Chapter 13
Bankruptcy that are within the financial ability of the debtor.

9. End wage garnishments.

Chapter 7 Bankruptcy will stop wage garnishment. Wage
garnishment basically takes away your weekly earnings often
times leaving you without necessities. Chapter 7 Bankruptcy
allows you to purchase necessities for you and your family.
Chapter 13 Bankruptcy will also help in this regard.

10. Challenge certain claims of fraudulent creditors.

Bankruptcy will allow you to challenge these claims from
creditors who are trying to collect more money from you than you
really owe. An attorney can provide the support and the backing
you will need to step up to these creditors. Attorneys often
even the playing field between a big creditor and a single
debtor. Filing bankruptcy with an attorney can stop fraudulent
reporting by a creditor.

Sslowrey
http://www.articlesbase.com/debt-consolidation-articles/top-ten-reasons-to-file-bankruptcy-820.html

Stop Foreclosure Frisco

Posted on October 12th, 2010 by Fred

How to stop home foreclosure in the Dallas / Fort Worth Metroplex – Without Bankruptcy! Go to http://stopforeclosuredfw.com/ for more info.

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Growing Up With Credit

Posted on September 30th, 2010 by Fred

As a young adult, there are a few key moments in your life when you feel truly grown up. Graduating from high school, getting your first car, moving out on your own—these are the classics. But in the past few decades, another more dangerous (financially, at least) rite of passage has emerged–the credit card.

I got my first Visa at the end of senior year, which shouldn’t be surprising considering the card offers started rolling in as soon as I graduated junior high (nowadays, my friends say the offers start arriving for the kids when they’re still in diapers). Problem was, no one ever explained to me how credit worked. I remember my jaw dropping when I opened my first bill and found, to my delight, that I only owed $10–the minimum payment. I knew I had dropped at least a few hundred bucks on textbooks (and CDs and clothes and so on), but I only had to pay a measly ten! I felt like I had won the lottery…or at least stumbled upon the secret to living the good life.

Until a few years down the road, that is, when I left college with a degree–and more than $10,000 in credit debt. I had always thought of debt as something that only happened to wild spenders, the kind of people who buy a new, larger big-screen TV every Christmas. But now I know it can happen to anyone. We’re not in a credit meltdown because Americans are over-the-top greedy or materialistic. I think it’s because no one ever told us how to make good credit choices (or we were too stubborn to listen when they did).

Back when my parents were in high school, they had to take home economics. We poke fun at home ec today (between the sewing, cooking, and cleaning, it’s so 1950s homemaker), but those classes taught young adults how to survive in that time period. When I graduated, I couldn’t cook a meal to save my life, had to take my jeans to the tailor for hemming (which I still do), and didn’t really know what debt was.

We need to do more to help our kids handle today’s obstacles. And until the public school system picks up on the idea, it’s up to us to teach them–and ourselves–how to spend wisely.

If you swipe your cards in front of your little ones, they probably think you’re paying with magic, not money. Make sure they understand everything that goes on the card also goes on the bill–and that real money comes out of your checking account to pay that balance. With older kids, honesty is even more important. You probably tell them money doesn’t grow on trees, but if you treat your credit card like a money tree, they won’t believe you–and they’re likely to repeat your same mistakes.

Since you can’t really preach what you don’t follow, you might need to re-educate yourself. If you’re carrying credit card debt, stop. Don’t apply for any new cards or loans. Quit spending more than you earn. Can’t figure out how? That’s a sign it’s time to make a budget and identify places to cut back.

Pay your credit card off in full each month, or at the very least, make more than the minimum payment. Maybe you signed up for the low promotional rate when you got your card, but most credit companies hike that rate up to 18-40 percent after the first few months. Ask yourself, would you pay $300 for something that was marked $100 in the store? Of course not! But that’s what you’re doing in the long run when you only make minimum payments that barely cover interest. Credit card companies aren’t giving you a break because they’re generous. They know that the less you pay each month, the longer you will have to keep paying, giving them more money in the process. Wouldn’t you rather keep that cash for your family?

All it takes to change your credit habits is motivation. Changing your past is not so easy. If you’re overwhelmed by credit card bills or facing foreclosure, you don’t have to go it alone. DebtStoppers can help. Contact one of our attorneys for a free one-on-one debt analysis and find out how to conquer your finances and keep your house. Just because you never passed Credit Card 101 doesn’t mean it’s too late to learn.

Debt Stoppers
http://www.articlesbase.com/credit-articles/growing-up-with-credit-671175.html

Wisconsin Foreclosure Help

Posted on September 29th, 2010 by Fred

Wisconsin Foreclosure Help

Contact us for your preforeclosure or short sale needs in Dane and Rock County Wisconsin.

www.MyHomeOptions.info

Duration : 1 min 23 sec

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