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1st Foreclosure Prevention Blog


Archive for the ‘laws’ Category

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 |  | 

October 26th, 2009

Mortgage Scams

Right now, homeowners trying to avoid foreclosure are sitting ducks for scam artists. Sadly, in times of crisis there are those schemers who are looking at a financial gain at the expensive of the vulnerable. Obama Administration saw this plight and has stepped in to stop these scam artist from talking advantage of [...]

posted by admin at 7:16 am
No Comments | Categories: Foreclosure News, Mortgage Fraud, Mortgage Scams, Nation’s Housing Modification Center Scam, Obama Administration, Saving your home from Foreclosure, foreclosure, laws | Tags: , , , , , , , , , , ,
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October 22nd, 2009

What Is Home Mortgage Mitigation?

One way of preventing a foreclosure is through home mortgage mitigation. When a homeowner is facing foreclosure or already in the process of foreclosure, the need of a highly skilled mortgage mitigation expert is essential in stopping foreclosure.
As the value of home declines, and the economy continues to follow suit the future [...]

posted by admin at 7:06 am
No Comments | Categories: Alternatives to suffering Foreclosure, Avoid Foreclosure, Dealing with lenders, Home Mortgage Mitigation, Loan modification specialist, Mortgage Mitigation, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, laws, loss-mitigation | Tags: , , , , , , , ,
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October 21st, 2009

Who owns your home…?

If you are facing foreclosure, don’t just let your lender take your home. You do have rights and now is not the time to hide. Now is the time to fight back with all you have to try to save your home. One important thing you can do that can stop a [...]

posted by admin at 6:03 am
No Comments | Categories: Avoid Foreclosure, Dealing with lenders, Foreclosure News, Mortgage help, Saving your home from Foreclosure, foreclosure, laws | Tags: , , , , ,
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October 12th, 2009

Wyoming Foreclosure

If you live in the Wyoming and face foreclosure, you need to know the basics of the foreclosure laws of your state. In Wyoming, there are both judicial and non-judicial foreclosures; however, non-judicial foreclosure is most common.
In judicial foreclosures, a lender may sue the borrower to obtain a court order to foreclose [...]

posted by admin at 9:51 am
No Comments | Categories: Avoid Foreclosure, Saving your home from Foreclosure, Wyoming Foreclosure, foreclosure, laws | Tags: , , , , , , , , , , , ,
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October 8th, 2009

Wisconsin Foreclosure

If you live in the state of Wisconsin and are facing foreclosures there are a few things you should know. The state of Wisconsin allows for both judicial and non-judicial foreclosures.
The judicial foreclosure process is used when there is no deed of trust within the mortgage or power of sale clause. [...]

posted by admin at 6:06 am
No Comments | Categories: Dealing with lenders, Saving your home from Foreclosure, Wisconsin Foreclosure, foreclosure, laws | Tags: , , , , , , , , , , ,
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October 7th, 2009

Banks leave foreclosures hanging

Embedded video from CNNMoney.com Video
This is just yet another reason why it is important to know your rights when facing foreclosure. Do not face foreclosure alone.

posted by admin at 6:55 am
No Comments | Categories: Avoid Foreclosure, Dealing with lenders, Foreclosure News, Saving your home from Foreclosure, foreclosure, laws | Tags: , , ,
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October 6th, 2009

West Virginia Foreclosure

If you live in the state of West Virginia and are facing foreclosures there are a few things you should know. The state of West Virginia allows for both judicial and non-judicial foreclosures.
The judicial foreclosure process is used when there is no deed of trust within the mortgage or power of sale [...]

posted by admin at 6:06 am
1 Comment | Categories: Saving your home from Foreclosure, West Virginia Foreclosure, foreclosure, laws | Tags: , , , , , , , , , ,
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October 5th, 2009

Washington DC Foreclosure Law Summary

In Washington D.C., lenders may foreclose on deeds of trusts in default using the non-judicial foreclosure process. The non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust. The Power of Sale” clause pre-authorizes the sale of property to pay off the balance on [...]

posted by admin at 6:56 am
No Comments | Categories: Saving your home from Foreclosure, Washington DC Foreclosure, foreclosure, laws | Tags: , , , , , , ,
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