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Author Topic: Way to Stop Foreclosure on Your House ?  (Read 17555 times)

Offline dannyspastics

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Way to Stop Foreclosure on Your House ?
« on: February 17, 2016, 04:48:42 am »
I want to know about your opinions. What are the other ways to stop Foreclosure on Your House instead of selling it?
Innovative Estates | Sell Your House Fast DC, MD, VA
http://www.sellmydcmetrohouse.com

Offline Bill H

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Re: Way to Stop Foreclosure on Your House ?
« Reply #1 on: February 17, 2016, 10:18:55 am »
Pay the arreagees is one.

Offline javipa

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Re: Way to Stop Foreclosure on Your House ?
« Reply #2 on: February 17, 2016, 06:20:42 pm »
-
« Last Edit: February 18, 2016, 09:31:58 am by javipa »
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
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Offline Gold River

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Re: Way to Stop Foreclosure on Your House ?
« Reply #3 on: February 18, 2016, 12:07:19 am »
Hi,

    Actually a modification can stop foreclosure as usually the payments in arrears are wrapped to the back of the loan and interest rate / principle owed can be greatly reduced. Just had friends who were 40 days post notice on their house have there foreclosure suspended and ultimately modified there 5 month in arrears loan!


            GR

homesteadroad

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Re: Way to Stop Foreclosure on Your House ?
« Reply #4 on: October 22, 2016, 12:22:15 am »
1) Contact a real estate lawyer

2) Enhance your house’s looks

3) Find an experienced real estate agent

4) Use all the marketing tools

5) Contact the quick buyers

6) Conduct an open house

Offline jaydubb

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Re: Way to Stop Foreclosure on Your House ?
« Reply #5 on: November 09, 2016, 11:08:53 am »
File Bankruptcy

Offline Bill H

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Re: Way to Stop Foreclosure on Your House ?
« Reply #6 on: November 11, 2016, 10:37:59 pm »
If the property has little or no equity filing bankruptcy will not help as the lender will immediately file for relief of stay.

Offline earlvandorn

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Re: Way to Stop Foreclosure on Your House ?
« Reply #7 on: December 30, 2016, 10:25:06 am »
A husband and wife can file serial bankruptcies, with a filing one day before the sale. It takes a couple of weeks to get the stay lifted, so they can get 90 days. Pretty unethical. But a single bankruptcy is actually designed to give the debtor "breathing room" in order to make new living arrangements.

People get too attached to under water houses. I know a guy who managed to live in a house for free for three years. At the end of three years he was still taking about wanting to "save" his house, on which he was under water to the tune of $40,000.

In the end, the only way to stop a foreclosure is to pay the debt. If you can't pay the debt the house is going to be sold.

Offline SolutionHomBuyers

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Re: Way to Stop Foreclosure on Your House ?
« Reply #8 on: January 11, 2017, 07:54:35 pm »
1) Reinstate - pay the loan yourself or get money from someone else.
2) Loan Modification - can add back payments to loan balance.  Can also modify interest rate or the term of the loan. Can be temporary or permanent.
3) Refi - difficult since their already in default.
4) Sell the property
5) Get friends and family to help
6) Bankruptcy - this is only temporary to buy some time.
7) Forbearance Plan with Lender - work out a payment plan 3, 6, 12 month.  However, if the borrower can't afford the original payment, the they most likely can't afford the extra monthly payment.

marksmith

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Re: Way to Stop Foreclosure on Your House ?
« Reply #9 on: February 08, 2017, 12:29:19 pm »
1) Contact a real estate lawyer

2) Enhance your house’s looks

3) Find an experienced real estate agent

4) Use all the marketing tools

5) Contact the quick buyers

6) Conduct an open house

Hi,
Great information. Thanks for sharing it.

Offline andise84

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Re: Way to Stop Foreclosure on Your House ?
« Reply #10 on: February 14, 2017, 09:15:55 pm »
just simply declare bankruptcy they will honor that.

Offline caroline

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Re: Way to Stop Foreclosure on Your House ?
« Reply #11 on: March 21, 2017, 01:54:52 am »
Hi,
Here are some ways to stop foreclosure:-
Contact with a lender and know your deadlines
Consider your alternatives
Refinance a loan
Short sale
Loan modification
Deed in lieu of foreclosure
Thanks!!

Offline heartlandbuyshouses

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Re: Way to Stop Foreclosure on Your House ?
« Reply #12 on: April 05, 2017, 12:42:48 am »
If you’ve fallen behind on your mortgage payments and a foreclosure sale is looming, you may still be able to save your home by:

1. File for Bankruptcy- it buys you more time to replace your lost job or recover financially from a temporary disability.

2. Apply for a Loan Modification- by applying for a loan modification, the lender may be restricted from dual tracking.

3. File a Lawsuit- if your lender is using a nonjudicial process to foreclose.
Don Wede
Heartland Funding Inc.
www.heartlandbuyshouses.com

 




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