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.
Monday, December 18, 2006
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.
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.
Wednesday, December 13, 2006
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.
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.
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.
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.
Saturday, December 02, 2006
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.
To read the entire article that discusses the rise in Foreclosures across America, you can click here.
Wednesday, November 15, 2006
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.
For more information on how you can qualify, please click here.
Monday, October 30, 2006
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.
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.
Sunday, October 29, 2006
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.
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.
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.
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.
Tuesday, October 24, 2006
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.
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.
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.
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.
Thursday, October 19, 2006
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.
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.
Wednesday, October 18, 2006
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.
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.
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.
our advice is to act NOW, as the longer you wait, the fewer options there will be available to you.
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