Tuesday, September 26, 2006
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.
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.
Tuesday, September 19, 2006
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.
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.
Wednesday, September 13, 2006
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.
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.
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