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.