Foreclosure's tag archives

Predatory Renting Crisis In The Midst Of The American Foreclosure Crisis

Similar to the housing predatory lending which fuels the foreclosure problem in America, is predatory renting. Predatory renting can be composed of several components, including:    1. A landlord failing to tell the renter the property is in foreclosure or in default.    2. A landlord knowing the property is in foreclosure and has no intention of fulfilling the contractual agreement with the renter before the lease expires.    3. Takes rent from the renter but doesn't use it to pay their mortgag...

Life After Foreclosure

Recent statistics showed that foreclosure filings reached one million in May with indications that the number could swell to 2.4 million by the end of 2009. Unfortunately, much like filing bankruptcy, the ramifications of a foreclosure filing will follow these families around for a long time. The first issue following a foreclosure, however, is an immediate one; finding a new place to live. Many families, in the battle to remain in their home, will use up most or all of their funds prior to fore...

Loan Modification Help Center – Learn Your Options For Stopping Foreclosure Now

Regardless of where you are at financially, it is almost never too late to avoid losing your home to foreclosure. Qualified loan modification attorneys know that while it is easy to lose hope and fall into a place of inaction, you have many tools at your disposal.OptionsContact your existing lender and see if you can get a forbearance, a payment plan or a deed in lieu of foreclosure. A forbearance is an agreement between the lender and the borrower that reinstates the delinquent loan through the...

Emergency Foreclosure or Bankruptcy Bailout Loan?

The current economic situation has, for the most part, been fairly negative. Countless families are losing their homes to foreclosure, and many people are falling even deeper into debt. That being said, what can you do to help prevent a potentially volatile personal economic situation? When dealing with increasing bills, there are many different things that can be done to help prevent a potential financial disaster. Many people are currently asking the question – Which is better, an emergency fo...

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