By eHow Personal Finance Editor
Rate: (4 Ratings)
If you are at the stage where you are wondering how to avoid foreclosure, you must be behind on your mortgage payments or know that you will not be able to make your payments in the future. Follow these steps to keep from being foreclosed upon.
eHow Personal Finance Editor
Comments
Freeagent2000 said
on 5/7/2008 Non-traditional remedies are needed to help the homeowners with non-traditional mortgages and financial problems who dominate the foreclosure statistics.
Project Hope 2008 Alliance is a cooperative effort between counselors, investors, and lenders to help homeowners who may not be able to pay their mortgages or are currently delinquent
http://www.projecthope2008.org/index.html
Freeagent2000 said
on 5/7/2008 Non-traditional remedies are needed to help the homeowners with non-traditional mortgages and financial problems who dominate the foreclosure statistics.
Project Hope 2008 Alliance is a cooperative effort between counselors, investors, and lenders to help homeowners who may not be able to pay their mortgages or are currently delinquent.
http://www.projecthope2008.org/index.html
MortgageHelp4U said
on 9/16/2007 President George Bush has recently signed into effect a new government insured mortgage program called "FHA Secure" which is designed to save people's homes from foreclosure!
This new loan program is primarily aimed at homeowners with ARM's (Adjustable Rate Mortgages) who made their mortgage payments on time until their loan adjusted which raised their interest rates/payments causing them to be late or get behind on their mortgage payments.
This loan program will allow the homeowner to refinance their current mortgage and "roll" in any late payments, penalties, new closing costs, etc... and receive a low 30 yr fixed rate (6-7%) mortgage.
If you would like more information on qualifying for this special loan please feel free to contact me directly.
Cole Thimsen
First National Mortgage Sources
Direct 612-963-2570
E-mail cthimsen@fnlender.com / www.FhaSecureSource.com
michiganagent said
on 7/26/2007 If you live in Michigan (metro Detroit area) and are concerned because you can't make payments on your mortgage, give me a call. I am a realtor who works with customers helping them get the properties sold, do bank short sales and other options available to them. Email me at mswain@kw.com.
Anonymous said
on 8/13/2006 As soon as you think you might face foreclosure, make the difficult decisions right away. Slash your spending on everything but the absolute necessities. No Starbucks, cigarettes, eating out, etc. Apply immediately for a second job (if you don't have one already). It may take some time to find one, and you'll regret days spent doing nothing later on. Demand immediate repayment from anyone who owes you money. Borrow money from your in-laws, even though you hate the idea of it. Get an advance from your employer. Trade in your fancy car for a more sensible one. These lifestyle changes may be difficult - even more difficult than trying to negotiate something with your lender - but they will yield real results, and will make any negotiations even easier because you will have more credibility.