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Here is a new Post at Teens to Obama: Leave Foreclosure Assistance Out of Stimulus ….

HowStuffWorks blogger Josh Clark writes about house parties in foreclosed homes.

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Foreclosure Assistance?

I would file Chapter 13. It is my understanding that NY has stiffer foreclosure laws? In Texas if you "look at them wrong" they will foreclose! Well not really, but NY is the toughest state. All of the laws are in favor of the buyer not the lender. Call and attorney and talk to them. they may be able to file a stay or a waiver to postpone the foreclosure date allowing them to come up with a Plan B such as reinstatement, refinancing, or maybe sell it to an investor? Best of Luck!

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County task force provides foreclosure assistance

by Alexander Mirabella This guest commentary was written by Alexander Mirabella, Chairman of the Union County Board of Chosen Freeholders. …

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Here is a new Post at Apply for a Stop Foreclosure Loan and Stay in Your Home.

The financial slowdown that began in the US and is now slowly sending shockwaves around the world has devastated thousands of people. Job cuts, credit losses and mortgage defaults have become the order of the day as millions scurry to …

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Is there a loan company out there anywhere that refinances under 500 credit score to stop foreclosure?

Yes, there are people who do that, but your rate will be 14% or way more.

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Here is a new Post at My Real Estate Tips » Are You Facing Foreclosure?.

W.K. Foreclosure and Short Sale Fannie Mae program, Foreclosure and Short Sale, Foreclosure Options, Freddie Mac loan. Comments (0) Trackbacks (0) Leave a comment Trackback. No comments yet. No trackbacks yet. Name (required) …

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What options are available to avoid foreclosure?

Don't stop making the payments yet. Have a lender review the loan and the equity and see if there is something they can do in the mean time to lower the payments.

Second, see if they could rent out the house to cover the payments for now.

Third, offer more commission to the selling agent. Like 5% to the selling agent. This will motivate the agents to show this house.

Last step, contact the lender and see what they can do. Remember though, if the bank loses money you could be tax for the difference as income. This should be your last resort.

I hope this helps you. Feel free to email me with more questions.

CA Lender

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Fed’s Duke Outlines Housing Options

Financial institutions can help by developing clear procedures to approve short sales and deeds-in-lieu-of-foreclosure. Options such as a “cash-for-keys” …

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Here is a new Post at 877 You Keep - Stop Foreclosure Today | Googlise Web Directory.

Tags: 877youkeep.com, behind on mortgage payments, foreclosure help, how to stop foreclosure, Loan modification help, mortgage foreclosure help, save my home, stop foreclosure. Name (required). Mail (will not be published) (required) …

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I am newly divorced,very low income 1 child under 18,stop foreclosure,loan not in my name-x’s . Deed in both

I am so sorry that you are having difficulties. Don't forget that no matter how bad things get, they'll always get better.

The good news is that your name is not on the mortgage, so the default will not be on your credit report. That means that you will have an OK time trying to find another place.

I think you have at least four options:

1. TODAY- No matter which option you choose, I would call your current lender IMMEDIATELY to set up a payment plan. Tell them your situation flat out, and ask them how you can get back on track (but don't let them put the loan in your name unless it's a flat out refinance.. you don't want that four month late payment on your credit report). The bank would much rather set up a payment plan than see the house foreclosed.

2. Do you have equity in your house? You may want to consider selling. Find a few realtors and tell them your goal is to sell the house in two weeks. In the mean time, buy some neutral colored paints (no bright colors) and clean and prep your house http://www.diynetwork.com/ can help you out. Spend a lot of time cleaning your house so your house will sell fast! Tell your realtor your goal is to sell the house in two weeks so they can price it accordingly (if the payment is 4 months behind foreclosure is right around the corner)

3. Refinance (although TODAY call your lender and set up a payment plan) Try www.lendingtree.com, www.countrywide.com
Let me take a moment to explain the difference between the DEED and the NOTE/MORTGAGE. The DEED is a document at the county recorder's office that shows who OWNS the property. If you OWN the property you can refinance the property. The NOTE/MORTGAGE shows who is financially responsible for the bank loan (and whose credit report that 4 months late payment will show up on).
In short, if you weren't on the deed, then no, you couldn't refinance. But since you are on the deed, YES, you can refinance! The bank would simply pay off the other loan. But remember, then you will be financially responsible for repayment of the loan.

4. Walk away. I wouldn't do this if you have any equity in the house (it is worth more than you owe). But if they foreclose it will show up on your x's credit report, not yours. So if you income and the rest of your credit report is ok then you will still be able to find another place.

Try doing an online search… social services in _____(your city)… try going to a government, charitable or religious agency that can help

And when you feel like giving up- things WILL get better… it may take a year of this mess, but things will get better

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Here is a new Post at Yes There Is Free Foreclosure Help Out There | Real Property Investing.

In times of financial crisis people are always looking for home foreclosure help and when you are so broke you cannot pay your mortgage then it helps if that mortgage help is in the form of free foreclosure help. …

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home foreclosure HELP where do we go and how do we start refinancing?

The FHA has a loan program you an try to qualify for, although the requirements and terms make foreclosure seem the more beneficial resolution to your situation.

1. You have to show that you can not afford the payments.
2. Your mortgage-to-income ratio must be below 31% of your gross income.
3. Your tax statements must be used to qualify you for the new loan. If you had a stated income loan before, you probably won’t qualify.
4. Any second mortgage must be paid off before the FHA will refinance.
5. You must have a down payment of at least 3.2% of the new loan.
6. Your new interest rate may be .25-.50% below the norm, but you must pay a 1.5% insurance fee, which could raise the costs.
7. If you sell in the next 5 years, you have to split any proceeds with the FHA (up to 90% would go to the FHA).
8. This can only apply to your primary residence.
9. The max loan amount is based on the current market value of your home; your bank must be willing to write down the mortgage if you are underwater.

That’s the best the government can do. It’s quite a bit worse than a regular foreclosure loan or a hard money loan. But if you want to give it a try, contact the FHA. In the meantime, it would make sense to work on other solutions, too, and not trust solely in the government.

Good luck.
ForeclosureFish

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Share your story: Obama plans include foreclosure help

Are you or someone you know struggling with a foreclosure? News 4 WOAI wants to hear from you. Share your story here: newsdesk@woaitv.com. …

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