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Foreclosure Advice
foreclosure advice
foreclosure advice
foreclosure advice
A Review of 'home Foreclosure Survival Tactics' - Home Foreclosure Advice
With home foreclosures in the United States increasing at a rate of knots it is estimated that over a third of all homeowners are falling behind with their mortgage repayments.
As a result of this, a plethora of scamsters have sprung up claiming to offer help and advice.
Thankfully I have not fallen behind with my mortgage repayments, so I am not personally in danger of losing my home. However, I do have several friends who have gone through the foreclosure process and one of them fell victim to obtaining bad advice and ended up making matters worse for himself and his family.
Another friend that was facing foreclosure told me about a resource they had found that had really helped them. They had done some serious research on the internet and they found an ebook by Anne James called 'Home Foreclosure Survival Tactics'.
Having carried out some research on this topic myself, and knowing that it had helped my friends, I decided to get hold of a copy and see what it had to offer.
Here is my review of the ebook...
If you are already quite knowledgable in terms of how the world of mortgages and finance work from the inside then this ebook may not be for you. However, if that's not the case and you have fallen behind on your repayments and need some solid advice and help, then you are likely to find just that in 'Home Foreclosure Survival Tactics'.
The thing that impressed me a lot about this ebook is that it tells you exactly what actions you can take, when you should take them and in what order. Who you should contact first and what to say was also revealed. This section talks about exactly what you should do before even picking up the phone to speak with anyone.
Another very useful piece of information was the one agency that could help you to catch up on your payments (and not have to pay them back).
The ebook helps you to carry out a full assessment of your current position, so that you will know exactly what you are capable of negotiating for and then goes on to show you the order of things that need to happen and who to contact first.
The ebook even reveals the fact that you may even have options at your disposal that could allow you to continue living in your home.
I have to say I was impressed with this ebook and I believe that the author has offered solid and actionable advice that will really assist anyone who is facing the fear and pain of a foreclosure on their property.
About the Author
If you or someone you know is facing the possibility of a home foreclosure then you can find out more about 'Home Foreclosure Survival Tactics' here: http://www.HomeForeclosureStop.com
Foreclosure Advice -State of MN?
Foreclosure Advice
My wife and I live in a home that she purchased in 2005 before we married. She has two seperate loans, one for about $220,000 and another for about $40,000. Both loans are with the same lender and are the orignial loans for the home. I am not on any of the paperwork for the mortgage. A 4/08 appraisal valued the home at $220,000, I dont even want to know how much it has gone down since. I am fairly certain they cannot hold me accountable for the loan and am considering buying another home only in my name. Can they obtain a deficiency judgement and come after her for the balance? Could they come after a house that I purchase now that we are married? Who should I seek out for professional advice? Do I see a bankruptcy lawyer or some other type of lawyer?
I have been in the foreclosure business for 8 years and I have to tell you although many states allow deficiency judgments, MN included, it is pretty rare that lenders sue for a deficiency. I have performed thousands of foreclosures and seen few deficiency judgments. That being said they can come after her but may not. I do not believe they can touch your assets. If you want professional advise talk to a real estate attorney in your area.
Finally, if you can afford the home or rent it out do so. Try to avoid foreclosure even if it is just in her name it is never a good thing to have on her record. The value will go back up someday if you can wait it out.
Help Stop Foreclosure 4