Category Archives: Avoid Foreclosure

Banks failing to prevent foreclosures

For those of you who have tried working out modifications, principal adjustments or short sales with the banks, the following news will come as no surprise,  The banks are failing to work with homeowners and even potential buyers in order … Continue reading

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Foreclosure Myth #5: If the lender doesn’t respond, I shouldn’t either

The fifth and final installment of our foreclosure myths videos courtesy of Freddie Mac. If you’ve read any of the comments on our blog you’ll know that lender response rates to loan modification requests, calls for more information or other proactive … Continue reading

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Foreclosure Myth #4: All foreclosure help is a scam

The fourth installment of our foreclosure myths videos courtesy of Freddie Mac. If you’re at risk of foreclosure, expect to receive many offers of help. While there are many scams out there, not all calls or mail solicitations you receive offering … Continue reading

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Foreclosure Myth #3: One late payment is all it takes

The third installment of our foreclosure myths videos courtesy of Freddie Mac. With all the fear and disinformation surrounding losing your home, some homeowners mistakenly believe that just one late payment leads to foreclosure.  This is not true. However, if you … Continue reading

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Foreclosure Myth #2: Falling Behind Improves Chances of Modification

The second installment of our foreclosure myths videos courtesy of Freddie Mac. There is a big misconception among struggling homeowners that falling behind on your mortgage is the best way to push a lender into working with you on a loan … Continue reading

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Foreclosure Myth #1: Foreclosure Ruins Your Credit Forever

Over the next few weeks we’ll be highlighting the top 5 foreclosure myths courtesy of Freddie Mac. Foreclosure Myth #1: Foreclosure will ruin your credit forever. While it does have a short term impact on your credit and will likely … Continue reading

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Foreclosure prevention programs on the chopping block

The House Financial Services Committee voted to abolish President Obama’s foreclosure prevention program after saying it was an “epic failure” in helping struggling homeowners. Along a party line vote, the panel voted to repeal HAMP – the Home Affordable Modification Program and the … Continue reading

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