Category Archives: Foreclosure

Home Foreclosure, And How to Avoid It – Part 2

*** Previous *** “Underwater” Mortgages Many homeowners in today’s housing market have experienced a marked reduction in the value of their home. Have a look through these programs if this is your concern. HARP: (Home Affordable Refinance Program). If you … Continue reading

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Home Foreclosure, And How to Avoid It – Part 1

A number of programs have been implemented by the Obama Administration to assist homebuyers who are in danger of having their homes taken away from them by their lender; meaning they’re at risk of foreclosure because they’re struggling to meet … Continue reading

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A Guide to Foreclosure – Part 6

*** Previous *** Seventh Stage (7A): Successful Settlement Conference If your Settlement Conference has been successful and you’ve worked out a mutually agreed deal with the Bank, the process of foreclosure will be discontinued. It’s up to the Bank to … Continue reading

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A Guide to Foreclosure – Part 5

*** Previous *** At the Settlement Conference You have the right to – Have an attorney, advocate, family member or friend assist you; Ask for explanations of anything at all; Request an adjournment of the conference if you have a … Continue reading

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A Guide to Foreclosure – Part 4

*** Previous *** Sixth Stage: The Settlement Conference Scheduling a ‘Settlement Conference’ is the next step in the process. A Settlement Conference is designed to provide the homeowner with the opportunity to work together with the Bank; to arrive at … Continue reading

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A Guide to Foreclosure – Part 3

*** Previous *** Make sure you’re very careful to open all correspondence sent to you by the Court and by your Bank’s attorney. You’ll receive important notices about the status of your case in the mail, and it’s vital that … Continue reading

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A Guide to Foreclosure – Part 2

*** Previous *** Third Stage: You Receive a Demand Letter The language in your mortgage documents will determine when you receive your Demand letter, but generally this will occur when you’re between 45 and 60 days behind on your mortgage … Continue reading

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A Guide to Foreclosure – Part 1

The Mortgage Foreclosure Process This article is designed to provide you with the required knowledge to fully understand the mortgage foreclosure process, thus making sure you have the necessary tools and information to save your home from foreclosure. Hopefully we … Continue reading

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