Archive for February, 2007
Legal Defenses to Foreclosure
Foreclosure Fight asked: The following are legal defenses to foreclosure to beat the bank: 1. Truth in Lending Act (TILA) violations enabling rescission. If your loan is a refinance, the bank must have provided you a set of disclosures at the time of closing. If these disclosures are inaccurate, the loan is statutorily rescindable under TILA. [...]
The Benefits of a for Sale by Owner – Fsbo – Home Sale
Mukaram Mehboob asked: Weekly, more and more homeowners are choosing to sell their homes themselves and some buyers are seeking them out. What are the benefits of choosing to go the For Sale By Owner (FSBO) route?Obviously, one of the most apparent FSBO benefits, at least to many home owners, is that the act of [...]
Strategy to Stop Foreclosure – Loan Reinstatement
Peter Baptiste asked: (c) 2008 Peter BaptisteDo you want to keep your home from going into foreclosure? Millions of people have foreclosed on homes across the nation. There are many reasons for this. There are ways to avoid foreclosure if you are serious about saving your home. These methods include loan reinstatement, forbearance, and a [...]
Foreclosures Can be Avoided (or Prevented)
Marina Clark asked: There are many ways to avoid and stop foreclosure. The first step in avoiding foreclosure is to keep your mortgage company aware of your situation, continue to try and make some sort of payment, even if it is a partial payment.If you get so far behind in payments that the lender files [...]
What is the Advantage to Investing in Foreclosure Houses?
Bob Smith asked: Foreclosure HousesForeclosure houses present an opportunity of a lifetime. Foreclosure houses are due to loans that have been defaulted by the current homeowner. Since the homeowner has not been making their payments, the lender has evicted them and taken possession of the property. Lenders hate to do this, their business is to [...]
Land Foreclosure
Heather Seitz asked: Have you ever imagined owning a piece of land and building your dream house on it? Deciding if you want to build near neighbors or not? If so, investing in land foreclosure property may be the right choice for you. Land foreclosure is property that was once financed, and due to default payment [...]
Getting Out of a Foreclosure Problem
Shane Barker asked: There are just moments in a person’s life wherein he or she feels that a new beginning is crucial. Whether it is a bundle of bad moments with an ex-wife or husband, financial difficulties or loss of a loved one, sometimes one just needs to get away from it all. With these [...]