When a mortgage company begins foreclosing on a property, most homeowners just assume that the bank really owns their loan and is able to prove it and take their home away. But this is not always the case.
Latest Foreclosures Articles
When Facing Foreclosure, Have the Lender Produce the Note
Posted on August 23, 2009 by Nick AdamaDefending Against Foreclosure - Keep These Three Aspects in Mind
Posted on August 22, 2009 by Nick AdamaWhether they are defending a bank's lawsuit against them, or initiating their own to stop an auction under a power of sale clause, there are three main categories of defense that borrowers can consider.
Can the Bank Ever Prove a Foreclosure Case?
Posted on August 21, 2009 by Nick AdamaMany homeowners are not quite clear on how the foreclosure process works in their state, especially due to differences between judicial and nonjudicial foreclosure proceedings. State law and federal lending law may also affect how the process moves forward, as HUD-guaranteed loans or those insured by the FHA can complicate the matter even further.
Stopping Foreclosure at the Right Moment
Posted on August 21, 2009 by Anne MingWhen facing foreclosure, it may seem hopeless for your financial situation to be salvaged. While the prospect of losing your home is certainly discouraging, it's extremely important not to give up on getting your finances in order.
FHA or HUD Foreclosure? Know These Court Cases
Posted on August 20, 2009 by Nick AdamaWhen a mortgage is insured or guaranteed by the Federal Housing Administration (FHA), an agency overseen by the Department of Housing and Urban Development (HUD), servicing companies must follow HUD servicing guidelines.
Different Types of Foreclosure Used in a Handful of States
Posted on August 20, 2009 by Nick AdamaA few states still allow two different methods of foreclosure, one called strict foreclosure and the other called foreclosure by entry and possession. While they are used in only a minority of cases, borrowers should be aware of them.
How to stop foreclosure process
Posted on August 20, 2009 by The WalthLet's look briefly at the stages of foreclosure. To make it simple, we'll pretend you're a homeowner facing financial difficulties. If you've missed a payment, you're normally sent a letter documenting the missed payment and requesting immediate payment of the past-due amount.
General Foreclosure Process
Posted on October 18, 2009 by The WalthFind information regarding several topics related to foreclosure process. The foreclosure process isn't as mysterious as it may seem. Due to federal and state laws, lenders must follow a specific process in order to foreclose on a property. Understanding the process will help you find investment opportunities.
Rising Foreclosures: Is the Recession Really Over?
Posted on August 14, 2009 by Andy AsburyAccording to the Bureau of Labor Statistics the "non-farm payroll employment continued to decline in July" and as people continue to not find jobs, they become more discouraged and actually stop looking, believing that there just are no jobs out there to find.
Avoid Foreclosure Prevention Scams
Posted on August 14, 2009 by DB WilsonIf you are facing a short sale or foreclosure, you may be looking for every way out that could possibly exist. It's natural to want a ‘miracle solution' to come to pass, but many ‘miracles' are only that for the person trying to con you out of your money, your property or both.
Popular Foreclosures Articles
Home Foreclosure – The Present Crises in USA
Posted on June 3, 2009 by Sam KinisonForeclosed homes are creating a crisis in America. Because of the recession period which America is now experiencing, (if it lasts till April, it will be the longest recession in post war period), many people are unable to repay back the loans and foreclosed homes are on the increase.
Albuquerque Bank Foreclosures - A Real Estate Heaven
Posted on November 29, 2008 by Joseph SmithThe Albuquerque Bank Foreclosure listings database is your guide to finding that perfect home you always dreamt of.
Understanding the Advantages of FHA Refinance Loans
Posted on February 3, 2009 by Frank CollinsFHA Refinance Home Loans will give you a solution that is almost perfect to your particular home loan needs and will give you exactly what you're looking for when you want it. The loans are made under conservative underwriting guidelines to borrowers who have an established credit payment history, and in some situations those who are not your average borrowers are also granted approval for an FHA Loan. This can include borrowers who have had past credit issues but have not filed bankruptcy
Foreclosure Listing – A Guide to Invest in Foreclosed Properties
Posted on June 3, 2009 by Sam KinisonIf you are interested in buying a foreclosed property the first thing you should do is to find the right property through foreclosure listings. Go through the information provided, visit the property for inspection and then purchase it. Foreclosure listings helps you to find a foreclosed property easily and fast and helps you to save your time and money.
What You Should Know About Real Estate-Owned Houses
Posted on January 8, 2009 by Lee BellMany people are interested in getting into the real estate market with the prices so low. Learn what you need to know for your investment strategy. REO or real estate owned is another way of saying bank-owned homes or homes that have been foreclosed on by the lender.
Investing in Foreclosure and REO Properties
Posted on May 30, 2009 by Brian S. IcenhowerThe investment quandary as to the best method for acquiring foreclosed property at heavily discounted prices inevitably surfaces at the same stage in the real estate cycle every ten to twenty years. After housing booms and home prices correct back to affordable levels, real estate investors are suddenly inundated with an almost overwhelming supply of potential homes to choose from.
Beware of Scam Artists When Evading Foreclosure
Posted on December 31, 2008 by Karen BBe careful that in avoiding foreclosure you don't end up in a worse situation. There are many that would try to take advantage of you.
FHA or HUD Foreclosure? Know These Court Cases
Posted on August 20, 2009 by Nick AdamaWhen a mortgage is insured or guaranteed by the Federal Housing Administration (FHA), an agency overseen by the Department of Housing and Urban Development (HUD), servicing companies must follow HUD servicing guidelines.
Buying Bank Foreclosure Tips
Posted on September 29, 2008 by Frank CollinsMany banks sell their REOs through local real estate agents trying to get the highest amount while at the same time representing any prospects to close it off the bank or lender's books. Check with your agent for the hot list of properties and let him or her know what you are searching for.
FHA Refinance -- Hope For Homeowners Program
Posted on October 27, 2008 by Gen WrightHope For Homeowners Program is working with the government and lenders, helping homeowners facing foreclosure to refinance their existing mortgages in order to handle their monthly obligations.
