Home Foreclosures On The Decline. How can you avoid one too?

On June 1, 2011, in Foreclosure, by Justin Velthoen

Notice of Trustee Sale (Home Foreclosure) filings in Arizona plummeted nearly 28 percent in from March to April. Foreclosure filings in California fell to their lowest point since the housing market bottomed out in the fall of 2008. And Notice of Default filings in Nevada dropped nearly 18 percent from March to April. Are these […]

I’m Working On A Loan Modification, But Is My Bank?

On May 20, 2011, in Foreclosure, by Justin Velthoen

In many cases, it’s a homeowner’s “Hail Mary,” a last-ditch effort to preserve their home. But getting approved for a loan modification, despite recent encouragement from the federal government, is not as simple as merely calling your lender and asking for one, or visiting its website and applying for one. There is nearly as much […]

FTC Rule Protects Homeowners From Mortgage Relief Scams

On May 20, 2011, in Foreclosure, by Justin Velthoen

With so many uncertainties, so much legal jargon, and so many documents that require the eye of a licensed professional, navigating the complexities of the foreclosure or short-sale process can be daunting to many homeowners. That – coupled with the desperate nature of people hoping to avoid foreclosure – makes many homeowners prime target for […]

Finding Mortgage Relief In Your 401(k)

On May 20, 2011, in Foreclosure, by Justin Velthoen

It isn’t what you’ve been saving for, and it will come at a price, but that 401(k) account you’ve been building for years might be the mortgage relief you need if you’ve fallen behind on your mortgage payments. Many companies allow employees to take money from their 401(k) accounts for what is called a “hardship […]

I’m Losing My Home to Foreclosure. What Can I Take With Me?

On May 15, 2011, in Foreclosure, by Justin Velthoen

Often bitter after losing their home to foreclosure, many homeowners look for ways to “get even” with a bank or lender. And one of the most common tactics is to strip a house of anything they can. Literally. While homeowners are fully within their rights to remove any personal property from a home following foreclosure, […]

How Debt And Taxes Can Follow Foreclosure

On April 30, 2011, in Foreclosure, by Justin Velthoen

[youtube]V1DzsRCg7k4[/youtube] Adding insult to injury, many homeowners are surprised to learn that even after losing their home to foreclosure, they still are potentially on the hook for a great deal of money. Depending on the type of mortgage and the state of residence, a homeowner facing foreclosure should get the answers to two important questions […]

Getting Out From Under an Upside-Down Home Loan

On April 20, 2011, in Foreclosure, by Justin Velthoen

In today’s housing market, selling any home – even if you’ve managed to build equity in the property – canbe a challenging prospect. With so many properties available, particularly low-priced, bank-owned homes, it’s surely a buyer’s market. So if you find yourself in the common position of owing more on your homethan it’s currently worth, […]

Protection for Homeowners

On February 22, 2011, in Foreclosure, by Justin Velthoen

Recently, the FTC (Federal Trade Commission) came out with a new ruling to protect struggling homeowners. In the Mortgage Assistance Relief Services (MARS) rule, it is illegal for anybody claiming to offer mortgage relief services to charge advance fees and must now put some disclosures into writing while also making the homeowner aware of any risks […]

Save My House From Foreclosure

On February 5, 2011, in Foreclosure, by Justin Velthoen

Don’t ever let someone charge you for help that should be free! There are plenty of scam artists out there that will try and talk unaware homeowners into paying them for a service that is free of cost.