Tag Archives: foreclosure myths

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

Posted on June 8, 2011 by xdnus

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

Posted on May 3, 2011 by xdnus

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

Posted on April 5, 2011 by xdnus

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

Posted on March 30, 2011 by xdnus

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

Posted on March 24, 2011 by xdnus

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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