Protecting your Home

Your home should be your shelter, especially today.  Is your home ownership at risk due to threat of foreclosure?  A mortgage note is a legally binding contract, but sometimes it needs to be renegotiated.  IF you have defaulted or face default on your mortgage because your income level has changed, or an unexpected expense put…

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What to do When Foreclosure Hits Home

If you are struggling with foreclosure, knowing how many others are dealing with foreclosure is irrelevant.  What matters is how you can survive foreclosure and protect your family’s home.  So how can you fight the bank with they want to take your home back?  You have options. You can surrender your home.  Call your lender…

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ABI Posts Notification-Bankruptcy Attorney Conferences Will Go On

From ABI: To ABI Members, conference attendees and colleagues: The American Bankruptcy Institute is committed to safeguarding the health and well-being of its members at its events, and to addressing concerns regarding Coronavirus COVID-19. ABI is following the latest guidance from the Centers for Disease Control and Prevention (CDC). At this point in time, all…

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FHA Wants Changes in its Foreclosure Policies

FHA wants to revise its foreclosure policies, according to Dror Oppenheimer, senior advisor to assistant secretary for Housing-federal housing commissioner at HUD.  The Mortgage Bankers Association was recently invited to offer comments on the proposed changes through March 9, 2020.  Currently, a pre-foreclosure appraisal of the property was based only on exterior inspection.  This appraisal…

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Tips to Avoid Foreclosure

WrongfullyForeclosed.com wants to remind you avoiding foreclosure is the most cost effective way to save your home.  1.Make (or answer) the call for help.  Before giving up on saving your home, contact your mortgage servicer as soon as you know you can’t make your monthly payment.  The phone number is on your monthly mortgage statements. …

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Did You Know Foreclosure Can Affect Taxes?

Did you know that foreclosure can affect your tax filing? When you are in the middle of fighting against a mortgage company foreclosing on your home, the last thing you might think about is how it could affect your taxes.  A home mortgage is still a debt, and if you have not filed for bankruptcy…

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My Foreclosure is not Your Opportunity!

“My Foreclosure is not just your next investment property opportunity.” If Joan (not her real name) could have put any message out there, that would have been the message.  When the legal notices started arriving in her mailbox, so did the people coming by to ask if they could tour her house.  But this is…

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Veteran Losing Home to VA Foreclosure, Though he Tried to Pay

Jason ‘Jay’ Sutton is a veteran who has suffered a lot of losses in his life, and is now facing one more loss; his home. Sutton’s first wife served in Iraq and developed leukemia, possibly from the burn pits there.  She passed away a year later.  Sutton’s later met his second wife, Kelly, who contracted…

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5 Choices If You Can’t Make Your Mortgage Payment

Going into a Foreclosure can be a demoralizing situation.  Saving your home from foreclosure can be exhausting, expensive and incredibly stressful.  If you lose the battle, you may not be able to buy a new home for several years, and even renting an apartment or home will require letters of explanation and proof of affordability. …

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