Stop Foreclosures

How to choose a short sale Realtor
Before you trust the short sale of your home to a Realtor that is an ?expert? in short sales, it is a good idea to ask them for their track record of success. Make them show you that they have successfully sold and closed several short sale transactions. Also ask them if there is any extra [...]

Behind on your mortgage payments? You do have options
If you could go back and start over, most of you who bought or refinanced within the last 2 or 3 years probably would have made a different decision than the one that has lead you to read this blog.  Since you can?t turn back time, the next best thing is to read on. Since [...]

3 words that can save your home - GMA video
This concept of asking the lender to ?Provide the signed note? seems to be gaining popularity and has met with success for some Florida homeowners. At the very least, it may buy some time in the foreclosure process, or give homeowner leverage over a lender being stubborn in a short sale situation.

Answers on Obama's Housing Plan
President Obama announced a $75 billion plan to help up to 9 million home owners avoid foreclosure. While we?re due to learn more about the plan on March 4th, the US Department of Housing and Urban Development has compiled a list of Frequently Asked Questions to begin to give us some answers. The first set [...]

Coping with the situation
When I first begin to discuss listing a home as a short sale, many sellers feel somewhat uncomfortable and embarrassed.  Some feel a sense of failure or defeat.  Although these are normal emotions, they really are unfounded.  The sellers didn?t fail.  The mortgage system failed. Mortgage companies all over the nation were stretching limits to the [...]

Who is really helping homeowners in trouble?
Two programs designed to help struggling homeowners avoid foreclosure are Hope For Homeowners and Hope Now. It can be difficult to know which program can truly help you with your struggle.  Here is a post from The Real Estate Bloggers from back in December, that may help make things a little more clear: Hope Now vs [...]

FHA to provide additional mortgage assistance to struggling homeowners
From the Federal Housing Administration website: The President has signed into law legislation that will allow HUD?s Federal Housing Administration (FHA) to continue providing targeted mortgage assistance to homeowners.  The Hope for Homeowners program will continue FHA?s existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford. Under the [...]

American Housing Rescue and Foreclosure Prevention Act
The American Housing Rescue and Foreclosure Prevention Act was passed in July of this year.  This may be a viable alternative for some homeowners who want to stay in their homes. FHA Housing Stabilization and Homeownership Retention Act Provides mortgage refinancing assistance to keep at least 400,000 families from losing their homes, to protect neighboring home [...]

Foreclosures to remain high into 2010
From the Wall Street Journal: The mortgage problems behind the havoc in financial markets climbed back last month, as delinquencies jumped at the fastest pace since last year for many loan categories. Overall, 6.6% of mortgages were at least 30 days past due at the end of August, up from 5.8% at the end of June and [...]