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1st Foreclosure Prevention Blog


Archive for the ‘federal foreclosure prevention program’ Category

August 3rd, 2010

Importance of Knowing State and Federal Loan Modification Regulations

Laws and regulations are in place for a very good reason in most cases. For those individuals who have been involved with loan modifications and have gained leverage due to a violating on the behalf of the lender, already understand the benefit of knowing these laws.
Regulations or laws concerning loans differ according to the state [...]

posted by admin at 2:59 am
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, federal foreclosure prevention program, foreclosure, foreclosure mitigation, loss-mitigation |  | 

July 21st, 2010

Comparing Modification Programs: Federal vs. Traditional

There are a number of different loan modification programs that are offered through various lending institutes. They are all different in some ways but also similar in others. The two main categories of loan modification that exist in present times are the traditional modifications and those given by the Federal government.
Traditional modifications don’t have the [...]

posted by admin at 2:41 am
No Comments | Categories: Avoid Foreclosure, Dealing with lenders, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, federal foreclosure prevention program, foreclosure, foreclosure mitigation, loss-mitigation |  | 

December 2nd, 2009

Upside Down Mortgage

The worst possible scenario of foreclosure is that when the borrower owes more than the property is worth, otherwise known as an upside down mortgage. No one in their right mind wants to deal with foreclosure as it is, little lone this situation. Often times, even after a foreclosure the borrower can be [...]

posted by admin at 4:05 am
No Comments | Categories: Alternatives to suffering Foreclosure, Avoid Foreclosure, Dealing with lenders, Foreclosure News, Saving your home from Foreclosure, Underwater Mortgages, federal foreclosure prevention program, foreclosure, laws |  | 

December 2nd, 2009

New York Mortgage Safeguard for Prime Borrowers

Last year New York put in place a law to help protect subprime mortgage borrowers from foreclosure and now they are trying to provide comparable legal safeguards to prime borrowers as well. State legislators passed a bill this month requiring lenders give borrowers a 90-day warning before initiating foreclosure proceedings and requiring that lenders [...]

posted by admin at 4:03 am
No Comments | Categories: Alternatives to suffering Foreclosure, Avoid Foreclosure, Foreclosure News, Mortgage Mitigation, Mortgage help, New York Foreclosure, federal foreclosure prevention program, foreclosure, laws |  | 

December 2nd, 2009

Obama’s Administration Fighting against Foreclosures

Posted today in the Philadelphia Inquirer was Obama’s administration effort to force lenders to aid in the stopping of foreclosures by insisting that lenders do all they can to help borrowers to prevent foreclosures.
This is a portion of the article that can be found in its entirety on The Philadelphia Inquirer. http://www.philly.com/inquirer/business/20091201_Treasury_presses_companies_to_help_prevent_foreclosures.html
“The Treasury [...]

posted by admin at 4:01 am
No Comments | Categories: Alternatives to suffering Foreclosure, Avoid Foreclosure, Foreclosure News, federal foreclosure prevention program, foreclosure |  | 

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 |  | 

October 20th, 2009

Foreclosures Still Continue to Rise

RealtyTrac’s recent findings found that the number of homeowners pulled into the foreclosure crisis has rose 5% during the third quarter of the new governments program to help families avoid foreclosure. Further findings were more than 925,000 borrowers received an intent to foreclose filing between July and September of 2009, up 23% from the [...]

posted by admin at 7:56 am
No Comments | Categories: Dealing with lenders, Foreclosure News, Government Assistance, Making Home Affordable, RealtyTrac, Troubled Assets Relief Program, federal foreclosure prevention program, foreclosure | Tags: , , , , , , ,
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