Comments on: What Can I Do To Stop Foreclosure?

By: NevadaHo

NevadaHo — Sat, 21 Nov 2009 19:47:56 +0000

Hi J.R.C.,
There might be something that you can do to save your home go to http://www.hopenow.com. HOPE NOW is a non profit cooperative effort between counselors, investors, and lenders to maximize outreach efforts to homeowners in distress.
They are non profit third party intermediary that will negotiate with your lender in your behalf to freeze your interest rate to its original rate.

By: Eliese

Eliese — Sat, 21 Nov 2009 15:03:11 +0000

Man, I’ve been there..so sorry she has to go through that. What saved me from foreclosure was dropping the price. Keep dropping it until it gets sold. Eventually you will have somone come along, most likely an investor of some sort. Yes, she will probably lose alot of money on the house, but it’s much better than having a bankruptcy or foreclosure on her credit for seven years. Also, consider listing the house “For Sale by Owner.” That will save you a ton on agent listing fees. Work on getting the house “curb appeal.” Paint it, make sure the lawn is kept up nice, the inside of the home is immaculate, etc. Google on the internet “how to get my home to sell faster.” You will have loads of info to look at to help sell the house faster. Good luck with everything!

By: DEACTIVA

DEACTIVA — Sat, 21 Nov 2009 12:46:58 +0000

Soooo…. She bought a house she couldn’t afford and now she’s going to have to lose it because she didn’t plan appropriately.
You do realize that people like her are why our economy is in the hole under the outhouse, don’t you?

By: foreclos

foreclos — Sat, 21 Nov 2009 08:09:56 +0000

There are a lot of options to stop the foreclosure. It’ll just depend on what her circumstances are, and if she can get some extra time from the lender to work on a solution. Here are the more commonly used ways to end the foreclosure process:
1. Save up money and get current again.
2. Work with the lender to establish a repayment plan.
3. Work with the lender to modify the mortgage.
4. Refinance with a traditional or hard money lender
5. Get a partial claim from the FHA.
6. Sell to an investor and lease the property back.
7. File bankruptcy to stop foreclosure.
8. Sell for less than what is owed (short sale).
9. Sell outright.
10. Offer the bank a deed in lieu of foreclosure.
11. Give up and walk away if nothing else works.
Hope that gives you some ideas to start researching.
ForeclosureFish

By: Tres7

Tres7 — Sat, 21 Nov 2009 04:53:37 +0000

Talk to the mortgage company about changing the term of her mortgage, doing a short sale or deed in lieu of foreclosure. Be aware of all you options and seek advise from an attorney before you do anything. There are many options that you have. Good Luck!

By: robert w

robert w — Sat, 21 Nov 2009 04:51:33 +0000

consult realestate lawyers on ur actions.
suggest she start packing thou.
bankrutcy isn’t the correct answer.
she needs to go to dave ramsey.com to find a good common sense answer.

By: Awesome O

Awesome O — Sat, 21 Nov 2009 00:24:21 +0000

Sell some rocks.

By: DAVE

DAVE — Fri, 20 Nov 2009 21:50:38 +0000

Filing bankruptcy will only prolong the inevitable. You should trying and do a short sale without recourse.