How Can I Stop My Home From Going Into Foreclosure?
February 2nd, 2010 - ByPosted in Stopping Foreclsoure
I filed bankruptcy last year to stop a foreclosure, Now a year later I find myself in default again They want to foreclose How can I stop it now
7 Responses to “How Can I Stop My Home From Going Into Foreclosure?”
February 2nd, 2010 at 3:24 pm
Pay your bill on time.
February 2nd, 2010 at 3:32 pm
Go on http://www.ibuyhouses.com, http://www.fastcash.com or some other similar website. These people specialize in buying houses in any condition for the price you owe on the mortgage so you can get out from under debt fast. They fix it up, make updates to it and turn around and sell it for profit(flipping). You may not get enough cash to get into another house, but you will avoid a foreclosure on your record and improve your chances of getting a home loan in the future. There are also new things available to help people in your situation if you want to keep your home but you will need to work fast with your lender and it’s risky. Generally speaking, once the process begins, it’s a downward spiral unless you sell and get out from under.
February 2nd, 2010 at 9:50 pm
You may be able to do a loan modification or forbearance agreement. First you should look at your situation and see WHY you are not able to make payments. If you truly just owe too much for your income on a monthly basis, it may be best to try to sell and move on to somewhere less expensive.
If you had a short-term issue (doesn’t sound like it if you had to file bankruptcy), then a loan modification may work – if the interest rate is higher than market rate, or if they can add the past-due payments to the back end of the loan.
February 3rd, 2010 at 3:36 am
You do have options that I know we can help you with your situation. Although it may seem hopeless, there is hope.
There are more negative reprocussions if you wait for this property to foreclose. Please act now.
Please send your information immediately to hn.services@yahoo.com
We have Loan Modification Specialist available to help you.
February 3rd, 2010 at 5:09 am
Good question Pya404.
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February 3rd, 2010 at 6:08 am
You can stop it by paying your mortgage up to date, or by finding a buyer ASAP.
February 3rd, 2010 at 6:39 am
Sell your house and find a home you can afford.
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