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1st Foreclosure Prevention Blog


Archive for November, 2009

November 29th, 2009

The Truth Behind the Government Foreclosure Help

There is a sign of foreclosure decrease in the air. Although the housing market is still unstable there appears to be a glimmer of hope for those who are riding the foreclosure rollercoaster rails. But don’t let it get you too comfortable. With the unemployment rates still high regardless of the numerous [...]

posted by admin at 10:51 pm
No Comments | Categories: Foreclosure News, Government Assistance, Mortgage Mitigation, Obama Administration, Short Sale, federal foreclosure prevention program, foreclosure, foreclosure mitigation, loss-mitigation |  | 

November 25th, 2009

Happy Thanksgiving

May your day be full of good eats, great conversation, a warm home, and surrounded by love! Leaving you with a Thanksgiving poem to enjoyable and wishes for you and yours to have a wonderful Thanksgiving Day!
BE THANKFUL
Be thankful that you don’t already have everything you desire.
If you did, what would there [...]

posted by admin at 11:32 pm
No Comments | Categories: foreclosure |  | 

November 25th, 2009

Foreclosure Clean Outs

As disheartening the foreclosure boom is, it has created a new industry for entrepreneurs across the United States – cleaning out foreclosed homes. Banks typically hire real estate agents to sell the foreclosed homes but still, someone has to clean them out, whether it is the bank or the real estate agents’ responsibility. [...]

posted by admin at 11:29 pm
No Comments | Categories: Boarded up homes, Foreclosure News, foreclosure |  | 

November 25th, 2009

Preventing Foreclosure

For those who are in danger of foreclosure, whose mortgage is more than their home is worth, or are experiencing financial difficulties can get relief through loss mitigation. Loss mitigation can help a homeowner stop foreclosure and even stay in their home through a loan modification.
Loan modification can work to help a [...]

posted by admin at 3:31 am
No Comments | Categories: Alternatives to suffering Foreclosure, Avoid Foreclosure, Dealing with lenders, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation |  | 

November 25th, 2009

Getting Started in a Loan Modification Program

A loan modification program can help people have their mortgage modified so that they can afford to make their monthly payments, as well as help those who wish to work with lenders and borrowers to stop foreclosure while making some money at the same time. A loan modification affiliate program works in two ways. [...]

posted by admin at 3:12 am
2 Comments | Categories: Affiliate Program, Loan modification specialist, foreclosure, foreclosure mitigation, loss-mitigation |  | 

November 19th, 2009

Bank Foreclosed Properties Lead to the Failing of 9 Banks

The total number of failed banks in the U.S. as of the end of October 2009 tallies 115 with 9 banks recently adding to that number. “Bank foreclosed properties in the states of California, Texas, Illinois and Arizona contributed largely to the collapse of nine banks owned by holding company FBOP Corporation.”
The [...]

posted by admin at 6:53 pm
No Comments | Categories: Arizona Foreclosure, California Foreclosure, Fannie Mae, Foreclosure News, Illinois Foreclosure, Texas Foreclosure, foreclosure |  | 

November 19th, 2009

Help for Unemployed Homeowners?

Congressman Frank, chairman of the House Financial Services Committee, is in favor for providing homeowners government loans to those who have lost their job in order to maintain their homes until gainfully employed again. The propose $50 billion program is looking at using the interest collected from the financial industries bailouts to finance these [...]

posted by admin at 6:31 pm
1 Comment | Categories: Foreclosure News, Government Assistance, foreclosure |  | 

November 19th, 2009

Commercial Foreclosures on the Rise in DC

Foreclosures do not only affect the homeowners but commercial property owners as well. This can cause problems for renters in apartment complexes depending on how the foreclosure is handled. No one is really safe from the effects of the rising numbers of foreclosure.
View more news videos at: http://www.nbcwashington.com/video.

posted by admin at 12:59 pm
1 Comment | Categories: foreclosure |  | 

November 18th, 2009

Types of Mortgages

When considering buying a home, before signing anything it is important to fully understand what type of mortgage you are agreeing to. If you already have purchased a home, it is still important to know your mortgage and how the terms are set up. Some mortgages have a fixed rate while others are [...]

posted by admin at 3:28 am
No Comments | Categories: Adjustable Rate Mortgage, Mortgage help |  | 

November 18th, 2009

Loss Mitigation – Benefits both the Homeowner and Lender

Due to the increasing number of real estate foreclosures, those who have invested in real estate through either purchasing a family home or investing in a homeowner are losing on their potential return. In order to prevent total loss, mortgage investors are still willing to put money into their investments, just not near as [...]

posted by admin at 3:26 am
No Comments | Categories: Alternatives to suffering Foreclosure, Dealing with lenders, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, loss-mitigation |  | 

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