INSIDER REPORT: Actual Foreclosure Options REVEALED!

Foreclosure occurs when the homeowner falls behind in monthly mortgage payments and defaults on the loan. This is what has caused the rate of foreclosures to skyrocket in the U.S. in light of the current downward spiraling economic trends, particularly in the sub-prime mortgage sector. People with regular mortgages are also seeking foreclosure assistance because the tanking of the sub-prime loans are taking the home values of the responsible homeowners down right along with them! Thousands more people are now unable to secure new financing and are also seeking foreclosure assistance, and wondering what the foreclosure process consists of. (ADD A SENTENCE/paragraph HERE WITH a LINK TO the site with the nationwide foreclosure processes by state) The lender TAKES LEGAL ACTION by FILING A FORECLOSURE LAWSUIT, and repossesses or sells the home in order to satisfy the debt.

There are a certain and DISTINCT SET of options you can pursue to avoid a home foreclosure, and we are going to set them out for you right here and now!  Your personal solution will depend on your financial status, the mortgage's default status, the type of loan you have and the various laws that apply. In conjunction most crucially with your STATE OF MIND; THE RECESSES OF YOUR MIND ARE YOUR FIRST ENEMY in foreclosure. In other words; get educated to the bottom line, so that you can make the often DIFFICULT, but financially necessary decision that may fit your circumstances. The SECOND MOST FORMIDABLE ENEMY when facing or in foreclosure, is TIME. It is your CO-WORST ENEMY, because the longer you wait, THE LESS OPTIONS YOU HAVE AVAILABLE TO YOU TO EXERCISE!! I cannot stress that enough! There is nothing sadder than

Reinstatement

Prior to a foreclosure sale, borrowers have the right to reinstate a delinquent loan. The reinstatement option gives homeowners the opportunity to make up back payments plus any incidental charges incurred by the bank such as filing fees, trustee fees and legal expenses. Paying off the reinstatement amount will cancel the foreclosure and enable the homeowner to continue to live in the home as if no default occurred. For many delinquent borrowers, however, reinstatement is not an option because they are deep in debt and cannot make up back payments, plus other expenses.

Sell Pre-Foreclosure (Full Price Before RECORDED Default)

TIME SENSITIVE OPTION; MUST EXERCISE EARLY FOR MAXIMUM PROTECTION! Read Below...

For owners who don’t care to save the property, or who have no other choice than to let the property go, selling the property may be a smart choice. If you have enough equity in the house to allow you to pay off the mortgage in full, then a sale is usually your best option. This option preserves your equity and what’s left of your credit score. Selling also leaves you in a much better financial position should you want to buy another home in the future. 

A PRE-SALE PRIVATE PARTY IS A BETTER OPTION THAT WILL AT LEAST GET YOU FUNDS TO RELOCATE, WHEREAS DEED-IN-LIEU YIELDS YOU NOTHING!   RECCOMMENDED FOR FINANCIAL SAFETY NET, AND TO PROTECT YOUR FINANCIAL PROFILE AND CREDIT.

Call 866) 966-9198 to PRE-SALE your house 

before a foreclosure sale!

Short Sale (Priced Lower than Loan Balance; must be approved)

A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.

Short Refinance

In a short refinance, the lender may agree to forgive some part of your debt and refinance the remaining debt into an entirely new loan.  

Call (800) 374-0046 Ext 808 to 

APPLY  for a Foreclosure Re-fi 

EASY TO QUALIFY!!

Special Forbearance

A VERY BASIC OPTION THAT CAN ACTUALLY BE REPEATED ONCE ANNUALLY.

A forbearance is an agreement made between a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal right to foreclose on a mortgage and the borrower agrees to a mortgage plan that will, over a certain time period, bring the borrower current on his or her payments. A forbearance agreement is not a long-term solution for delinquent borrowers; it is designed for borrowers who have temporary financial problems caused by unforeseen problems such as temporary unemployment or health problems. Borrowers with more fundamental financial problems - such as having chosen an adjustable rate mortgage on which the interest rate has reset to a level that makes the monthly payments unaffordable - must usually seek remedies other than a forbearance agreement. You may qualify for this if you have recently experienced a reduction in income or an increase in living expenses. You must furnish information to your lender to show that you would be able to meet the requirements of the new payment plan.

Mortgage Modification

WARNING! YOU SIGN AWAY RIGHTS TO FUTURE CLAIMS!  ALSO: LENDERS WILL 'DUAL TRACK' YOUR MORTGAGE, CLAIM YOU ARE APPROVED FOR LOAN MOD, THEN STRING YOU ALONG WHILE INSTITUTING FORECLOSURE PROCEEDINGS! THEN THEY SELL OFF YOUR LOAN WITHOUT YOUR KNOWLEDGE, AND COMPLETE FORECLOSURE PROCEEDINGS AGAINST YOU WHILE UNDER THE FALSE PRETENSE YOU ARE GETTING THE LOAN MOD!  NOT RECOMMENDED!

A mortgage modification is a modification to an existing loan made by a lender in response to a borrower's long-term inability to repay the loan. Loan modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default.A loan modification agreement is different from a forbearance agreement. A forbearance agreement provides short-term relief for borrowers who have temporary financial problems, while a loan modification agreement is a long-term solution for borrowers who will never be able to repay an existing loan. You may qualify if you have recovered from a financial problem and can afford the new payment amount. Most lenders can work with home owners even if they have poor credit and have a foreclosure date. Chances to obtain a loan to regain a current status on your mortgage become diminished once you have received a notice of default (NOD). Notice of Default is usually sent after 90 days of the mortgage payment being late.

Partial Claim

OPTION MOST PEOPLE DO NOT KNOW ABOUT. MORTGAGE INSURANCE CLAIM.

Your lender may be able to work with you to obtain a one-time payment from the FHA Insurance fund to bring your mortgage current. You may qualify if:

• your loan is at least 4 months delinquent but no more than 12 months delinquent;

• you are able to begin making full mortgage payments.

When your lender files a Partial Claim, the U.S. Department of Housing and Urban Development will pay your lender the amount necessary to bring your mortgage current. You must execute a Promissory Note, and a Lien will be placed on your property until the Promissory Note is paid in full. The Promissory Note is interest-free and is due when you pay off the first mortgage or when you sell the property.

Deed-in-lieu of Foreclosure.

NOT RECCOMMENDED!   Read Below ... 

A potential option taken by a mortgagor (a borrower) to avoid foreclosure under which the mortgagor deeds the collateral property (the home) back to the mortgagee (the lender) in exchange for the release of all obligations under the mortgage. Both sides must enter into the agreement voluntarily and in good faith. A deed in lieu of foreclosure has advantages for both a borrower and a lender; mainly the avoidance of time consuming and costly foreclosure proceedings. In addition, the borrower avoids some public notoriety, and may even be able to lease the property back from the lender. The homeowner needs to assess certain risks which include, among other things, the risk that the property is not worth more than the remaining balance on the mortgage and that junior creditors might hold liens on the property. This won't save your house, but it is not as damaging to your credit rating as a foreclosure. You may qualify if:

• you are in default and don't qualify for any of the other options;

• your attempts at selling the house before foreclosure were unsuccessful; and

• you don't have another FHA mortgage in default.

EFFECTS FUTURE CLAIMS!  CASH FOR KEYS TO A PRE-SALE PRIVATE PARTY IS A BETTER OPTION THAT WILL AT LEAST GET YOU FUNDS TO RELOCATE, WHEREAS DEED-IN-LIEU YIELDS YOU NOTHING!   

Call 866) 966-9198 to get cash for your keys!

Bankruptcy (Personal)

PERSONAL BK NOT RECCOMMENDED! THERE ARE ALTERNATIVES!  Read Below...

A Chapter 13 bankruptcy filing can stall or derail foreclosure proceedings. That's because of bankruptcy's "automatic stay" provisions that force creditors to the sidelines while the bankruptcy court sorts things out. The lender can petition the court to allow it to continue with the foreclosure, depending on where you are in the foreclosure process, but it should buy you some time. If there is no equity in the house (today's value less costs of sale less payoff balances on all liens) the trustee in a Chapter 7 may abandon the house to you. That is, you keep it, as long as you pay the mortgage. A bankruptcy does not relieve the property of the liability for voluntary liens, like mortgages or deeds of trust, nor for tax liens. So, the lender retains the right to foreclose if you don't pay.

PERSONAL BK NOT RECCOMMENDED! THERE ARE ALTERNATIVES!  

 Learn how you can get bankruptcy protection WITHOUT DAMAGING your personal credit!  

CALL (866) 966-9198 

FORECLOSURE SECRETS Clearinghouse: Do-It-Yourself Strategies and Techniques for those in Foreclosure!

... and I'm not just saying that. Do you need foreclosure assistance? Are you living in what may soon become a HUD foreclosure? (which are those of you with an FHA mortgage). A VA foreclosure? (those with a VA mortgage). Are you one of the ones now looking to avoid foreclosure due to an 'exotic' mortgage loan? Well you need foreclosure information then! Worry no more, because I have been through it ALL, and I decided it was high time for this vault of information be made available to the public. Available so that folks can get more educated and empowered to handle this very personal crisis as best they can on their own, from the privacy of their own home and with no intrusion. Sound good? Well, the volume is so high right now, it is hardly possible for all us variously skilled and capable investors to help you all, so right here is where you can come to find what you need, get your questions answered and take care of this matter once and for all!

For the die-hard homeowner who has the chutzpah to go it alone and try to navigate the waters of the foreclosure scene on his or her own, compiled in this website is a POWERFUL ARSENAL of do-it-yourself tips, tricks, hints and EMPOWERING RESOURCES for you to take advantage of, some of which are free, and some for a minimal cost compared to the wealth you will be saving - which is your home. I would not place any resource here that I felt was not powerful, a bargain, or priced beyond it's value, and I can guarantee you that there is nothing here that is out of reach to the average homeowner who finds themselves in trouble.

The Government is not 'bailing' ANYONE OUT! So STOP and TAKE CONTROL OF YOUR FORECLOSURE PROCESS! With home foreclosures on the rise and in a critical state, even pending government federal and state interventions, FREE FORECLOSURE ASSISTANCE is now available! I am EXTREMELY DISAPPOINTED in the HOPENOW.ORG program/website that the government has invested no telling how much money into. I attempted to use it for a client and was truely HORRIFIED at what I discovered. No folks, this is not a foreclosure loan program, a plan to stop foreclosure, get foreclosure questions answered or short sale foreclosure back up. Nope. Contrary to polular belief. This fluffed and pumped up over glorified 'government bailout' is nothing more than A CLEARINGHOUSE FOR CONSUMER CREDIT COUNSELING AGENCIES!! That's right - you heard it right, the federal government under our current president is spending taxpayer dollars to offer you the promotion of a network of nationwide consumer credit counseling agencies. They take an over the phone application, and 'grade' your situation, (obviously trying to suck you in as a credit counseling client) all while having absolutely NO POWER WHATSOEVER WITH YOUR LENDER! I was SHOCKED and AWED alright, at the insignificance of this 'life raft' that would be hopenow.org. So after this, I knew it was time to act.

UPDATE: REPLACING THE INSIDER REPORT IS an e-book, that although not free, is very inexpensive considering that you could just end up getting your house free and clear!  Just look over to the right side panel of this page, and click on 'Foreclosure BAILOUT..." and here you will find an E-Book by D. Loren Cossak, outlining hidden secrets on how to LEGALLY stop your own foreclosure sale!  He packs a powerful punch of reality as he reveals new knowledge that is coming out about these bankers, and exactly how they go about illegally confiscating your property!

Take it all in then take advantage of the knowledge and resource material found here, because I have been through this more than a few times and can identify real assistance.  I'm tired of seeing people lose their treasured homes that they have been paying on for years, while big business gets bigger. So, congratulations on finding us, be sure to clink the link on the right BAILOUT; Hidden 75 year old Technique, and add our feed to your blog's and webpages, and then come back to stay updated on the current solutions to homeowners of the foreclosure crisis.