Tag Archives: avoid foreclosure

Foreclosure News Roundup – Mon. July 18th

Help Is On The Way To Those Who Face Forclosure Patch.com Eligible homeowners, in danger of foreclosure due to loss of job, can qualify for up to $50000 in emergency federal loans to avoid foreclosure. The deadline to apply is July 22… … 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 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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Do you qualify for a short sale?

Underwater on your home or facing trouble paying your mortgage and considering a short sale?  Are you sure you qualify? Lisa Udy posted an excellent resource on determining which situations qualify as valid short sale hardships. Among valid reasons for … Continue reading

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More modifications could lead to fewer foreclosures

Foreclosure.com has an interesting post over at their blog linking to Federal Deposit Insurance Corporation (FDIC) Chairman, Sheila C. Bair’s presentation before the Summit on Residential Mortgage Servicing for the 21st Century in Washington, D.C. The gist of Charmian Bair’s … Continue reading

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