Avoid foreclosure rescue scams

There are many foreclosure rescue scams making their way across America today. Reputable companies like SaveMeFromForeclosure.com are always trying to work with integrity, and do what's best for the homeowner.

Unfortunately, scams do exist nationwide. CNN Money has a good article with information on how to spot scams. If you are facing foreclosure, you can always visit SaveMeFromForeclosure.com to learn more about your options.

Foreclosure assistance for Colorado homeowners

A great new program is available for Colorado homeowners who are facing foreclosure:

Homeowners who have been in their homes at least three years and are behind on their mortgage payments can borrow up to $5,000 at a 5 percent interest rate. Loans must be repaid within seven years.

To learn more about the service, please click here.

Foreclosures scams: be careful

There are so many foreclosure scams out there, you really have to be careful. Working with a reputable company like www.SaveMeFromForeclosure.com is the best way to ensure that you're not being taken advantage of.

Read this article about a common "lease back" scam that runs rampant across America today. If you have questions about whether or not a proposed "solution" is real or not, you can always contact www.SaveMeFromForeclosure.com for feedback.

A legitimate company should be able to explain everything to you in simple, easy to understand terms. They should not pressure you for a signature, to sign a deed, and should be able to provide you with references.

Minneapolis adds Foreclosure hotline

A great new service is availabe to Minneapolis homeowners who are behind on their mortgage payments by simply dialing 311. For more information on how picking up the phone can connect homeowners in Minneapolis to help a line if they're facing foreclosure, please click here.

For a list of other free foreclosure resources for Minnesota homeowners, you can click here.
Of course, homeowners in any of the 50 states and Canada can always visit www.SaveMeFromForeclosure.com to get more ideas on how to STOP FORECLOSURE.

Foreclosure filings in Massachusetts surge to record levels

If you live in Massachusetts, foreclosure filings through the first 9 month of 2006 have already surpassed all of the foreclosure filings in the state for 2005.
ForeclosuresMass provides some great information in this article, which appeared in Boston.com
If you're a Massachusetts homeowner facing foreclosure, and are wondering what your options are, you can alwasy visit www.SaveMeFromForeclosure.com to get ideas on how you can stop the foreclosure.

Foreclosures continue to trend upwards

Foreclosures are continuing to trend up upwards across the USA. This new financial plague is hurting homeowners across America. For more help on how to stop foreclosure, or what options you have, you can always visit us at www.SaveMeFromForeclosure.com to learn more.

To read the entire article that discusses the rise in Foreclosures across America, you can click here.

Home Rescue loans available in OH for foreclosure victims

If you live in either Warren or Butler County in Ohio, you may qualify for a home loan of up to $3,000.
For more information on how you can qualify, please click here.

Q3 Foreclosure numbers are out, and foreclosures are rising

Foreclosure numbers for the third quarter of 2006 are out, with two noticeable trends:

1. Foreclosures are up from Q2
2. Foreclosures are up from the same period in 2005.

The entire article, with data, can be read here.

Facing Foreclosure? The bank does NOT want your home

A common myth out there today in America, with an ever increasing number of foreclosures, is that the "bank wants to take my house".

That couldn't be further from the truth.

Banks are interested in money, not real estate. In fact, when a bank has to foreclosure, they waste so much money in administrative costs (legal, taxes, real estate, repairs, appraisals, lost income, etc) that it's rarely, if ever profitable for them to take back the real estate.

When a bank has a property in foreclosure status on its books, it's referred to as a non-performing asset. The non-perforiming assets really hurt the banks financial numbers, especially in the eyes of wall street.

This article from the San Francisco Chronicle goes into much more detail about this very topic.

What does that all mean? Well, your bank, much to your dismay, wants to help you get your loan back into good standing. For more information on how you can do a "workout" with your lender, to stop a foreclosure, visit us at www.SaveMeFromForeclosure.com.

Foreclosure scams strike again in Texas

We have posted many times about foreclosure scams that are out there to cheat and steal from homeowners, so please beware!

The most common scam is when you're contacted by an investor with promises of buying the home from you, and then leasing it back to you.

These programs are often plans to evict you from your home based on very small clauses written into the contract. Here's an article that shows another horrible tale of this scam stealing a home from a foreclosure victim.

If you're going to sell your home to an investor, you should be moving, without a plan to buy it back. If you really want to stay in your home, you have options that DO NOT involve selling to an investor.

Visit www.SaveMeFromForeclosure.com for more information on how to stop foreclosure on your home.

Colorado Foreclosure hotline working to stop foreclosures

Th Rocky Moutain News reports that less than two weeks after launching, the Colorado Foreclosure Hotline has received more than 3,000 calls, which state officials believe makes it the busiest network of its kind in the nation.

Homeowners if Colorado have a great free service to use in this case. Other homeowners across America should look into whatever resources they can to find out about all of their options. Starting online is a great place.

Houston Foreclosures continue to rise

Foreclosures in the Houston area, specifically Harris county, had already exceeded the 2005 totals by Oct 3rd of this year.

Foreclosures in Houston show no signs of slowing down, as this article indicates.

Foreclosure rates in the Bay Area continue to rise

Foreclosure activity in the Bay Area rose in the third quarter to its highest level in more than seven years as home sales slowed and prices began to slide.

The number of notices of default, the first formal step in the foreclosure process, jumped 89.2 percent in the nine Bay Area counties in the third quarter compared with the same period a year ago, according to the real estate research firm DataQuick.

The entire article can be read by clicking here.

Dallas Foreclosures approach 1980s levels

Foreclosures in the Dallas area are beginning to approach the same level as they were in their peak during the 1980s.

According to the article in the Dallas Morning News, interest rate hikes, rising living expenses and consumer debt, and aggressive lending practices are all contributin to the rise in foreclosures.

Boston banks offer foreclosure help

A couple of Boston banks are pooling funds to help refinance homeowners who might be in bad loans, or worse yet, are headed towards foreclosure. Read the complete article here if you're looking for more information.

Buy a house after a foreclosure

If you are serious about buying a home after suffering through a foreclosure, click here to read this short article with some very helpful tips on how you can own your own home once again.

Your home's equity is not your savings account

Many Americans have gotten themselves in trouble with their home loan, and are on their way to foreclosure, by treating their home as an ATM.

While increased home prices have resulted in large equity stakes for many homeowners, being irresponsible with the funds can easily get people into trouble. Read the following article for an example.

More advice if you're facing foreclosure

While this article from WSBTV in Atlanta tends to oversimplify the options that you have when facing foreclosing, it is a very good, basic start if you're unsure about what to do.

Remember that if you're facing foreclosure, or even if you're just behind on payments, the sooner you take action, the better. The sooner you seek out help, the more options that you'll have at your disposal to prevent the bank from foreclosing on your home.

Foreclosure and other debt problems

This article, although lengthy, is one of the best that I've read in a while in terms of debt, foreclosure, and what is going on with respect to the two items in America today.

It also talks about the perils of debt consolidation, a seemingly good idea which more often than not hurts, not helps, the homeowner.

The article addresses a number of issues, and those with any debt whatsoever, even if it's in good standing, should read the article to get a temperature check on their financial health.

Free Advice for Homeowners Facing Foreclosure

Great article on Foxnews, discussing some of the options available to homeowners, the free hotlines that they can call in (in certain states), and some ideas on what to do if you're facing foreclosure.

our advice is to act NOW, as the longer you wait, the fewer options there will be available to you.

Las Vegas Foreclosures continue to rise

Some feel that the dramatic rise in Las Vegas foreclosures is just the "tip of the iceberg" for what could be a massive problem to hit the city.

Bank loses check and tries to foreclosure

It's shocking how badly banks can treat their own customers. Read this article to hear about how Silas Braxton, 53, right, and his wife, Evelyn Casey-Braxton, 52 paid their mortgage arrears back on time, but the bank lost the payment....and now they're trying to foreclosure on them!

Help for Military facing foreclosure

Minneapolis-based Homeownership Preservation Foundation is granting $350,000 to support military homeowners through a partnership with USA Cares, the nonprofit loss mitigation agency announced Thursday.

For more information on the program, please click here.

Colorado Foreclosure Prevetion hotline is open

A new foreclosure hotline for Colorado homeowners is now open. Homeowners facing foreclosure can access the hotline by dialing 1-877-601-HOPE (4673). To read the article, please click here.

Of course, another great resource is visiting www.SaveMeFromForeclosure.com and learning about all of your options.

New Jersey Foreclosure assistance

Non-profit NJLegalPrep is now offering assistance for homeowners in the state of New Jersey facing foreclosure. To learn more about this free service, please click here.

SaveMeFromForeclosure.com relaunches website

www.SaveMeFromForeclosure.com has relaunched their website. For more information, you can read the press release by clicking here.

Baltimore, Marlyand foreclosure victims have a solution

A new service for homeowners in Baltimore, Maryland facing foreclosure is now available. To learn more about this service, click here to the read the article from the Baltimore Sun.

Risky mortgages can lead to foreclosure

While I am an advocate of ARMs (Adjustable Rate Mortgages) for the right people in the right circumstances, many borrowers who took out ARMs over the past few years just didn't know what they were getting into.

Read this article which talks about the economic impact of such "exotic" mortgages.

New hotline for Colorado homeowners facing foreclosure

Here's a great information for Colorado homeowners who are facing foreclosure: a free hotline for them to call.

10 tips for avoiding foreclosure

This short, but to the point article, is courtesy of the Fairfax Times, and offers some good strategies on how to avoid foreclosure.

Another foreclosure scam story

I've posted it before, and I'll post it again:

DO NOT WORK WITH A COMPANY WHO PROMISES TO LEASE YOUR HOME BACK TO YOU! Another tale of a "lease-back" scam, this time coming out of Seattle, WA.
These "lease backs" are not good for the homeowner, or the investor. There are ways for you to keep your home when you're facing foreclosure. However, in many instances, it's often better to sell the home instead.

Of course, you need to make that determination yourself, although many times you can benefit by consulting a professional firm who can help you when you're faced with foreclosure.

Foreclosure scams

Every time I read an article about the foreclosure scams that are plaguing our country, it often sounds the same:

Scammer sends mail, or knocks on the door of the homeowner in foreclosure. They tell the homeowners to "sign documents" and that they'll lease the house back to them and then they can buy it back from them at a later date (once their credit is allegedly repaired).

Unfortunately, what they don't share with you (the homeowner) is the fine print:

1. They have probably had you sign the deed to your house over them (which puts them on title to the home and makes them legal owner of the home).
2. That if you're a day late with a rent payment, they reserve the right to evict you.
3. That they can raise the rents at anytime.

Be extremely careful of anyone who wants to get you out of foreclosure by leasing your home back to you. Reputable companies, such as www.SaveMeFromForeclosure.com NEVER offer to leaseback homes to their clients.

If there's a way for the clients to keep the home (through refinancing or lender mediation), www.SaveMeFromForeclosure.com will help the homeowner do so. If neither of those options are available, then it's time the homeowner look to other alternatives: namely selling the property.

Facing foreclosure? TALK TO YOUR LENDER!

It's amazing when I speak to homeowners facing foreclosure, and they inform that they have yet to speak with their lender. While I can be intimidating speaking to the lender when you're behind on payments, the best thing that you can do is let them know that you're behind, and you're working on getting caught up. This article gives some great advice on the subject.
The longer you go without speaking to the lender, the more difficult they can make it for you to get our of foreclosure.

Remember that you have options as a homeowner behind on payments, and you should explore every single one: whether you want to keep your home, or sell it, you should be doing your research.

Avoiding Foreclosure: five important steps

Peter G. Miller is the author of the Common-Sense Mortgage, and wrote a great article on the five most important steps to stopping foreclosure.

You can read the entire article by clicking here...

Massachusetts Foreclosure's increasing at a rapid pace

Foreclosures in Massachusetts continue to rise at an alarming pace. The data was provided by ForeclosuresMass.com, and the full article can be read by clicking here.

Facing Foreclosure? Watch out for scams

When faced with foreclosure, there are many companies that will try and offer their services to you. If they tell you that you can stay in the home, they should be either refinancing you, or helping you negotiate a repayment plan with your existing lender.

If a company doesn't provide either of those solutions, but tells you that you can "stay in your home", be extremely wary of such companies.

This article about a poor homeowner in New Jersey was victim to a company that did just that.

Common Foreclosure causes

With foreclosures across the country on an increase, many people are curious to why foreclosure increase is so common.

In the following article, we see a very common set of causes: rising interest rates from ARMs adjusting, coupled with increased property taxes and insurance rates.

Click here to read the full article.

Chicago area foreclosures on the rise

Chicago area foreclosures increased by 60% from the 1st quarter of this year to the second quarter. To read more about the sharp rise in Chicago foreclosures, you can read the article here.

Stop Foreclosure: ideas from Marketwatch

With Foreclosures rising across America, Marketwatch provides some great advice on how to beat or stop a foreclosure in this article.

National Foreclosures increase 5% in July

Foreclosure still climbing, according to RealtyTrac. Click here to read the article.

Adjusting ARMs could result in Foreclosure increases

The hot housing boom and low interest rates went hand in hand over the past few years. As prices continued to climb, many borrowers were seduced into ARM (Adjustable Rate Mortgage) loans, because of their lower initial payments.

Now many of those loans are beginning to come due, and homeowners are beginning to worry about their new, increased payments.

For a real life version of this very common event, read about this homeowner in North Carolina, who fears the rising payments could potentially lead to foreclosure.

Foreclosure Warnings from the BBB

The Better Business Bureau has some great tips for homeowners who are faced with foreclosure and are getting bombarded by offers from companies promising to help them save their home.

We encourage all homeowners who are facing the difficult task of a pending foreclosure to make sure that they're working with a reputable company, such as SaveMeFromForeclosure.com

Ro read the article and get some great tips from the Better Business Bureau in Northeastern Indiana please click here

Detroit Foreclosures: beware of scams

If you are faced with a foreclosure, but are now worried about whom to trust, make sure that you're working with a reputable company, such as www.SaveMeFromForeclosure.com.

A lot of unethical companies are out there to scam homeowners, and read can more about such scams in the attached article

Education BEFORE Foreclosure: home loan counseling

Hopefully you'll never be in a situation where a foreclosure on your home is pending. For a California non-profit, they hope to make sure by offering a free pre loan counseling workshop. Click here to read about the workshop, and the dates and times.

Stop Foreclosure in Indiana

Indiana homeowners have a chance to find out about stopping foreclosure by visiting SaveMeFromForeclosure.com and learning more about their options.

They can also learn more at a free seminar Aug. 12 sponsored by the housing authority called “Saving Our Neighborhoods.” For more information on this program, please click here to get all of the details.

California Foreclosure Activity sees largest rise in 14 years

It seems as though the softening real estate market across the state of California has lead to a rapid increase in foreclosure activity. For more click here to read the full article...

Foreclosure? Banks won't always help you!

Once you go into foreclosure status, calls from your lender's collection department will begin. Unfortunately today, many homeowners are upside down (they owe more than their property is worth) in their homes.

This means that if they fall behind on payments, they can't refinance, since there isn't enough equity in the home. Many times, these homeowners enter into a workout agreement with the bank. This is where the bank will take less than what is owed on the property to settle the debt.

However, if you believe that you're going to go this route with your lender, be careful! Lenders aren't always easy to deal with, or get in touch with. You have to be persistent, and stay on top of them. Read the difficulties that this homeowner had working with US Bank.
Our advice is to enlist the help of a professional who has worked on several of these types of transactions. At SaveMeFromForeclosure.com, you'll be able to find a local affiliate who will be able to help you with a workout agreement with the bank.

If this is something that you choose to tackle alone, make sure you stay on top of your lender, and remain persistent. It can be done alone, although it's much easier with the help of a professional company.

Stop a Foreclosure? Don't wait!

At www.SaveMeFromForeclosure.com, the most important message we get across to clients is:

"Don't procrastinate if you're facing foreclosure!"

This couldn't be more true, as the housing market begins to cool across the country. When the housing market was hot, people behind on their payments could explore a lot of options, and if none of them panned out, they could list the home, and have a contract to buy it within a week.

However, now that the housing market has cooled in many parts of the country, procrastinating can really hurt the homeowner. This article details the effects of the cooling Southern California market on foreclosures.

We reccomend that you explore ALL of your options if you're faced with a foreclosure. But do so quickly, as the longer you wait, the fewer options you have available to you.

Stop Foreclosure! But don't get scammed!

Foreclosure can be a terrifying thing to face alone, especially when you need advice. Many people are too proud, or too ashamed, to tell a close friend or family member about their situation. Often times, they trust unknown people who call them, mail to them, or even knock on their door.

How do you know whom you can trust? I always prefer to trust someone who tells me the WHOLE story, not just about his or her company. The person who can tell me about ALL of my options, when facing foreclosure.

The Miami Herald recently published a great article on foreclosure scams. You should always ask whomever you're working with for some references: find out if they've actually helped people in the past. It's a great (but not perfect) method of checking up on the legitimacy of a company.

Remember that it's okay to ask questions of the people offering services to you. I recommend asking them what downsides there are to the solution they're offering you. If they tell you their solution is perfect, I would be skeptical. No solution to a problem is without a few flaws, however minor they may be.

Good luck, and remember to check up on whomever you're doing business with.

I'm late on my mortgage. Can I avoid foreclosure?

Indystar.com recently ran an article asking experts their advice on stopping foreclosure on one's home. While the advice was unique to each individual, all of them had a common theme: ACT NOW!

Time is your biggest enemy when trying to stop foreclosure. The sooner you act, the better. Even if you're not sure of all of your options on how to stop foreclosure, you should contact your lender and start doing other research.

Avoid foreclosing

Nationally, foreclosures are up 38 percent, higher than in any quarter of last year, property tracker RealtyTrac Inc. said.

More details can be found in this article about increasing foreclosures, but in reading the article, much of the free foreclosure advice that we give at www.SaveMeFromForeclosure.com rings true.

Don't wait on the lender to offer you a workout agreement: do it yourself proactively. If you're unsure about how to get a workout packet from the bank, you can always talk with a service provider such as www.SaveMeFromForeclosure.com.

Homeowners should also keep an eye on their Adjustable Rate Mortgages (ARMS) so that they're aware of when payments might increase, and by how much. This can really help you avoid falling behind on payments, and getting into trouble with you lender

Free advice to avoid foreclosure

If you're already behind a payment or two, the most important thing is to ACT NOW. Brett Richards, who works in mortgage lending at Fifth Third Bank, and is a member of the Licking County Board of Realtors, recently wrote this great article giving good, sound advice to those who are looking to stop foreclosure on their home.

FREE help to Stop Foreclosure

A new service in Delaware is offering free help to stop foreclosure. The new hotline is 1-888-995-HOPE. This service is for Delaware homeowners, and is provided at no cost to them by state officials.

Foreclosure Help in Ohio

The NeighborWorks Center for Foreclosure Solutions is an initiative of NeighborWorks America, a nonprofit organization providing financial support, technical assistance and training for communities across the nation. They recently began a foreclosure prevention service in Ohio. Homeowners can call 1-888-995-HOPE to receive counseling. The service helped out over 1300 homeowners in the first 6 weeks of the program. Click here to read more...

Need Foreclosure help?

If you're behind on payments, sometimes the best solution is to come up with the cash yourself. Easier said than done? Read on for some great ideas on saving money that can help stop foreclosure

Texas leads the nation in Foreclosures

It seems as though Texas has now lead the USA in foreclosures for 5 consecutive months. Read about some of the causes, and what homeowners are currently doing about falling behind on payments....
Times Record News: Local News: "Texans see more troubles at home
State ranks first in number of foreclosures
By Lynn Walker/Times Record News
June 1, 2006
Buying with the heart - not the head - is how one financial adviser explained Texas' lead among all states in the number of home foreclosures.
Wichita Falls is no exception to the trend. "

STOP FORECLOSURE!

Welcome everyone,

Thanks for visiting the SaveMeFromForeclosure Blog. We're here to provide you the latest news and information as to how you can stop foreclosure on your home.

We want to give you information about foreclosures across America, and what you can do if you are in the unfortunate predicament of facing a foreclosure, where you can get foreclosure help, and how you can avoid foreclosure.

Feel free to comment if you have any questions, and to register if you wish to get further information.