Foreclosure
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- Deficiency Balance to Deficiency Judgment: Then BankruptcyDeficiency balances can often result in a seizure of assets such as a wage garnishment or bank account freeze if ignored.
- What is a Short Sale?Find out what a short sale is and if this should be a real estate option for you to pursue, whether or not you are behind on your mortgage payments.
- O.J. Simpson's Troubles Continue: Athletes and ForeclosuresO.J. Simpson is about to lose his Florida home, and he becomes one of a long line of athletes who have lost their homes to foreclosure in the past year.
- First Person: Inside the Colorado Foreclosure ProcessFind out what I learned about foreclosure in Colorado through my own experience.
- Finding Foreclosure Alternatives in MarylandTake Back Your Home is a law student-run organization helping homeowners avoid foreclosure in Maryland. It's one of many resources in the state aimed at helping homeowners keep their homes.
- Renters Are Often Victims in a ForeclosureTaking payments for a rental and failing to pay the mortgage is fraud and stealing and property owners should be charged with criminal charges for such actions. Renters are being victimized by property owners' greed.
- First Person: How I Dealt With My Banks During ForeclosureLearn how I worked with my banks during my foreclosure and what strategies worked for me.
- CFPB to Open Doors for Mortgage ComplaintsWith the experience gained from taking consumer credit card complaints for the past four months, the CFPB is ready to tackle mortgage complaints.
My Home is in Foreclosure – What’s the Next Step?Going through a home foreclosure can be a challenging and stressful time. Here are some tips to learn more about the foreclosure process.- How to Get Filthy Rich Buying and Selling Pre-ForeclosuresRichard Reichmann is a widely recognized as a leading expert on Real Estate investing and pre-foreclosure Negotiating for well over 30 years. He has bought and sold over 1,300 one to four family homes, his access to inside information is far reaching.
- What is a Short Sale?Short sale is a way for financially distressed homeowners to get out of the home with minimal damage to their credit. In other words, a short sale is a step between foreclosure.
- Illinois Foreclosure OptionsThose who are facing an Illinois foreclosure need to know their options as well as any legal ramifications that can effect them. There are pros and cons when it comes to going through the short sale, a home modification and foreclosure in Illinois.
- A Look at Foreclosure Activity Around the CountryForeclosure activity around the country is up from September to October, particularly in key states and regions across the nation.
- Why Foreclosure Could Mean the Gift of Free HousingMillions of homeowners have lost their homes to foreclosure, but that doesn't mean they've all left. Here's how everyone from delinquent mortgage holders to the homeless are living in foreclosed properties for free.
- The New Foreclosure Review Process is Now UnderwayThe new federal foreclosure review process, originally proposed in April, is now underway for potentially millions of current and former homeowners.
- Negotiate a Deed-in-Lieu of ForeclosureRelieving mortgage payment issues before your lender foreclosures can reduce credit damage. When your options are few and you fear foreclosure, talk to your lender about a deed-in-lieu of foreclosure.
- How to Bring Foreclosure to a Screeching a HaltTake the steps necessary for bringing your homes foreclosure to a standstill? This article fills in the blanks on what you need to do to get yourself out of the hole. It covers the new programs put in place under the Obama administration.
- Negotiating to Stay in Your Home After ForeclosureNegotiating after a foreclosure allows you to remain in your home as a tenant. You can rent back your own from Fannie Mae or Freddie Mac through one of their programs.
- Strategic Defaults Again Becoming HomebuyersEarly homeowners who walked away from home loans in 2008 are once again buying homes with new loans and better real estate pricing.
First Steps to Preventing a ForeclosureThere are remedies that a homeowner can take, to prevent a foreclosure. There are programs and counseling available to help those who want to hold onto their homes and their dreams!
Mixed Views on the Florida Foreclosure ProcessThere are mixed views on whether Florida should move away from the judicial foreclosure process in an effort to speed up foreclosures.
California Democrats Call Out Obama Over ForeclosuresCalifornia House Democrats, tired of the Obama Administration’s failure to address the foreclosure crisis, sends a letter to Obama.
Rush Hour’s Chris Tucker Faces ForeclosureChris Tucker is now undergoing the foreclosure process on his home due to his delinquent payments to Sun Trust Bank for a mortgage in which he owes nearly $4.5 million.- Deed in Lieu of Foreclosure on an Investment HomeIf you are struggling to make payments on your investment property, you have options. A deed in lieu of foreclosure allows you to transfer ownership back to the lender. You avoid foreclosure and the negative credit and financial consequences.
Bank of America Offers Up to a $20,000 Incentive for Homeowners Choosing to Short SaleBank of America is offering incentives for homeowners in Florida that are facing foreclosure in an effort to speed up the process that is delayed by the judicial foreclosure process throughout the state.- Pets and ForeclosureIn today's uncertain economic forecast, many homeowners are faced with foreclosures and ultimately losing their pets.
Short Sales, Walkaways, Foreclosures and TaxesJust because your bank lender agreed with a short sale and let you off the hook on a mortgage, doesn't mean you're scott-free. Taxes can be owed on the loan amounts forgiven.
The Benefits of Bankruptcy Protection when Facing ForeclosureSometimes people fall behind in their payments, and they end up teetering on the verge of losing their home or their car. Whether or not it's a route you want to take, filing for bankruptcy can provide protection in extreme circumstances.- California Attorney General Withdraws from Foreclosure Settlement TalksThe withdrawal of California following New York from the settlement talks with the banks regarding foreclosure abuses has been a big blow to the attempts by the Obama government.
- Florida Reevaluates Foreclosure Program and Judicial Foreclosure ProcessFlorida is reevaluating its mandatory foreclosure program and is looking into moving toward a non-judicial foreclosure process in the near future.
Beat the Banks with Foreclosures Bank Owned Real EstateIf you are looking for bank owned properties or REO (real estate owned) properties, investors can help you in finding the one that suits your needs. This foreclosure bank owned properties are sold by banks basing on the note included.
More Americans Are Buying Homes – Especially ForeclosuresForeclosure sales are rising and forming a higher percentage of all existing home sales across the nation.
What's a Better Option? - Foreclosure or BankruptcyWhen you are facing foreclosure, which option is better? The foreclosure or the bankruptcy. Ask yourself these questions to find out which is best for you.- Short Sale, Foreclosure and REOMany consumers confuse a Short Sale Property and a Foreclosed Property. This is something that majority of consumers have difficulty between defining the two and then what is an REO?
- The Benefits of Buying a Foreclosed HomeThe United States housing market has seen a lot of foreclosures in the past few years. The entire nation has struggled immensely with the economic downturn. The increasing rate of foreclosures is one of the sadder consequences of this downturn.
- The CEO of Bank of America Opines that it Will Take Time to Reach a Deal on the Foreclosure IssueBrian Moynihan of BofA said that talks with the state and federal agencies were continuing but since so many parties were involved it would take more time to hammer out a settlement.
- Burt Reynolds Enters Foreclosure; Poor Economy Not Playing FavoritesHollywood stars can sometimes be forced into a reality check when they don't learn to manage their money. Burt Reynolds is about to lose his Florida home to foreclosure as he struggles within our current economy.
Atlanta, Georgia's Home Foreclosures Can See No End in SightAtlanta ranks number one in Georgia's home foreclosure list, a statistic that means tragedy for some and opportunity for others.- Numbers Indicate Foreclosures Are Declining but Does it Indicate Improvement in Health of Economy in Wisconsin?Although numbers indicate that foreclosures are declining analysts are doubtful if it is indicating that the health of the economy is improving.
From Unspectacular to Amazing---Former McCain Home Undergoes ForeclosureA former McCain home is up for auction August 15th after undergoing extensive renovations by developer Jane Popple, who is now facing foreclosure.
