LJ Adama writes articles on financial advice and foreclosure help. To get better ideas on how to stop foreclosure. Or to learn about loan modification and foreclosure prevention methods please visit us at ForeclosureFish.com
Archive for Foreclosure Help
Jan
23
Avoiding Foreclosure Tips-Saving Money On Car Repair
Posted by: | CommentsWhen trying to avoid foreclosure, it comes down to one main thing; you need money to pay your bills on time. With today’s economy, low paying jobs and lack of available work every penny you earn counts. It counts towards, keeping or saving your home and giving your family a secure future.
This is my third article on money saving tips to stop a foreclosure. The first article tells you how you can save several thousand dollars a year on grocery’s, article number two tells you how to save on clothing and this particular article will deal with saving money on car repairs. If you have a car it doesn’t matter if it’s a couple years or twenty years old — you going to spend money on keeping it in shape. There are some tips and tricks of the trade though that may help cut down on some of your mechanical expenses.
Get A Second Opinion and Estimate If you were going to a doctor and they told you, that you would need to get this, that and this done; you would probably get a second opinion, before you just jump onto an operating table. Treat your car the same way; get a second opinion.
By getting a second look at your car by a different mechanic, you can confirm what the first mechanic told you and you can get a second estimate of costs. This is very important because most car mechanics prices can vary significantly. One person may quote you $1800 for a job, while a second mechanic may do for only $900. That is a big difference so it is very important to get a second opinion and estimate on your car’s repairs or maintenance.
Watch Out For Scammers How often have you gone into a car shop to get your oil changed and all of sudden you find yourself buying brake lights or a new spark plugs or a oil filter? It is always something, isn’t it? Make sure if someone is examining your car for one thing, they don’t try to up sell you something you may not need.
This is another reason why a second look at your car with another mechanic is important. Especially if every time you visit your current mechanic for one thing, they prescribe ten things. See how many times this happens where you do business; if it starts becoming a pattern, it may be time to look for a new mechanic.
Buy Your Own Car Parts Some mechanics have been known to charge a 50% mark up on parts. This is good chunk of change and worth looking into alternative options for parts. Even if you don’t know how to do the labor on a car, you can bring the parts you find for a cheaper price to the garage and just pay for labor.
Check out major auto parts stores since they will usually be cheaper then your mechanic’s garage. Or look in the classifieds if it is a major part because someone may be selling just what you need. Or possibly, check out a scrap yard and see what they have. This could just save you several thousand dollars.
Learn To Do Some Of Your Own Repairs There are some simple repairs you can do on your own car, which can end up saving you saving you more than 80% on labor prices. For instance, if your car light goes out, a dealer will charge your $20 just to change the bulb. If you buy your own bulb at an auto store it is probably around $2. Then just do a little online research or look at some auto repair books and learn how to replace the bulb yourself.
So if you have any money concerns or are possibly worried about facing foreclosure in your future, read of the money saving tip articles and make every penny count. How would you like to have an extra $10,000 in your pocket every year? This can happen, if you put the time and effort into learning the tricks of the trade. If your boss offered you a pay increase of $10,000, but you would have to do more work, you would likely take it. This is same thing, put the work into saving money and you will have more money.
Jan
11
We Can Help to Avoid Foreclosure in Raleigh, Durham and Wilmington, North Carolina
Posted by: | CommentsWe Can Help to Avoid Foreclosure in Raleigh, Durham and Wilmington, North Carolina
Are you a home owner in Raleigh, Durham, Wilmington, Carolina Beach and surrounding areas who needs help to avoid foreclosure?
HomeSolutionsGroupInc.com understand better than anyone the situation you are in. We help people avoid foreclosure everyday and the different situations that happen that get you in this position.
Unfortunately, bad things can happen to good people. Thinking back to when you first purchased your home, we are certain that the thought of losing your house was the furthest thing from your mind. We have never met a home owner who actually planed to go into foreclosure. Yes, sometimes we are just put in unavoidable situations that we didn’t foresee.
We also know that there are several places you can go to sell your house fast and most often than not people first think of listing with a Realtor. In most cased however, listing with a realtor will not help you avoid foreclosure.
With the current economic situation, millions of homes are simply over financed. We also come across homes that need needs major repairs that would just make a fast home sale to help avoid foreclosure impossible. In most cases, we are behind on payments and need to sell fast.
Other situations we run across often include
Well, what if there was a faster way to sell you house when we are facing difficult situations? What if there was a company that actually took an actual investment in helping you sell your property fast and really could help you avoid foreclosure? Best of all, what if they didn’t charge you hefty realtor fees to do so?
Sound too good to be true? Well it is not. We help people avoid foreclosure every day in situations just like yours. Check us out, we can help you avoid foreclosure!
To qualify for our fast home purchase program please take a few minutes and complete our Home Seller Questionnaire Today
Home Solutions Group, Inc., is buying houses in one week or less in Raleigh, Durham, Wilmington, Carolina Beach and surrounding areas. As one of the the nations largest house buying networks of investors, we have professional home buyers right in your home town! These home investors are trained to handle almost any situation that you may be in and buy houses in any condition, any price range!
We buy houses in North Carolina from people in situations in almost any area, condition or price range in North Carolina.
We specialize in finding creative solutions to real estate problems that others won’t touch. We can pay all cash, take over your payments or lease-purchase your house immediately!
We will handle all of the paperwork, make all the arrangements and close within a few days if necessary.You’ll get a quick sale with no hassles, so you can put your worries behind you.
Jan
08
Foreclosure Defense Attorney – Helping Homeowners Avoid Foreclosure
Posted by: | CommentsThe last couple of years have been quite unstable for the housing market. People are facing foreclosure and losing their homes. According to statistics, in Florida 4% of all the mortgages are facing foreclosure proceedings. It is obvious that the situation is really bad; however, a homeowner can seek the help of a foreclosure defense attorney to know his/her options.
The fact is that for vast majority of people foreclosures are stressful, confusing and overwhelming because they do not know much about the foreclosure proceeding. They are not aware of the fact that there are options available to them that can help them avoid foreclosure proceedings.
Loan Modification
A specialized foreclosure defense attorney can lay out the options available to homeowners who are facing foreclosure. Under the Housing Bill passed by President Obama, homeowners facing foreclosure can go for loan modification. Assistance of a foreclosure defense attorney can help a homeowner negotiate the mortgage modification with the lenders.
Short Sale
Still another option that homeowners have is that of short sale. Under this option the homeowner will sell the mortgaged property for less than balance owed on the loan. The proceeds of the sale are given to the lender. Before the sale, the short sale lawyer will negotiate with the bank. The short sale attorney will convince the bank that due to economic or financial hardship, the bank should agree to a discount the loan balance. Therefore, after the house is sold the remaining balance is discounted.
Deed In Lieu
Another way that a homeowner can avoid foreclosure is by opting for deed in lieu. The homeowner’s real estate attorney will negotiate with the lender. The homeowner will sign over the deed or title of the property to the bank and the bank in return will cancel the mortgage.
Bankruptcy
Another option that a real estate lawyer can suggest to a homeowner is that of filing bankruptcy. This will not only stop all foreclosure proceedings but will also give a chance to the homeowner to repay some of the debt and retain the house.
Refinancing
A Florida real estate attorney can also suggest the option of refinancing to avoid foreclosure. Refinancing simply means that the homeowner replaces the existing mortgage with a new one. In most cases, the new mortgage comes with lower interest rates and better terms and conditions.
Reverse Mortgage
A very good option that a foreclosure defense attorney might suggest is that of reverse mortgage. This is simply a loan against the property. A homeowner does not need to repay the loan as long as he/she lives there. However, this option is mostly available to those who own the property and are over 62 years of age.
Contesting Foreclosure
In many cases it has been seen that homeowners can successfully contest foreclosure proceeding. A foreclosure defense Jacksonville lawyer can help homeowners find the legal grounds on which the proceedings can be challenged. It might be possible that the mortgage company has filed the foreclosure proceedings illegally. A cautious attentive homeowner with the help of a foreclosure defense Florida attorney will be able to figure out what is illegal about the proceedings.
The bottom line is that there are several options available to homeowners to help them avoid foreclosure. It is upto the homeowners to seek these options. A foreclosure defense attorney will act as a specialist guide in their efforts to avoid foreclosure.
The last couple of years have been quite unstable for the housing market. People are facing foreclosure and losing their homes. According to statistics, in Florida 4% of all the mortgages are facing foreclosure proceedings. It is obvious that the situation is really bad; however, a homeowner can seek the help of a foreclosure defense attorney to know his/her options.
The fact is that for vast majority of people foreclosures are stressful, confusing and overwhelming because they do not know much about the foreclosure proceeding. They are not aware of the fact that there are options available to them that can help them avoid foreclosure proceedings.
Loan Modification
A specialized foreclosure defense attorney can lay out the options available to homeowners who are facing foreclosure. Under the Housing Bill passed by President Obama, homeowners facing foreclosure can go for loan modification. Assistance of a foreclosure defense attorney can help a homeowner negotiate the mortgage modification with the lenders.
Short Sale
Still another option that homeowners have is that of short sale. Under this option the homeowner will sell the mortgaged property for less than balance owed on the loan. The proceeds of the sale are given to the lender. Before the sale, the short sale lawyer will negotiate with the bank. The short sale attorney will convince the bank that due to economic or financial hardship, the bank should agree to a discount the loan balance. Therefore, after the house is sold the remaining balance is discounted.
Deed In Lieu
Another way that a homeowner can avoid foreclosure is by opting for deed in lieu. The homeowner’s real estate attorney will negotiate with the lender. The homeowner will sign over the deed or title of the property to the bank and the bank in return will cancel the mortgage.
Bankruptcy
Another option that a real estate lawyer can suggest to a homeowner is that of filing bankruptcy. This will not only stop all foreclosure proceedings but will also give a chance to the homeowner to repay some of the debt and retain the house.
Refinancing
A Florida real estate attorney can also suggest the option of refinancing to avoid foreclosure. Refinancing simply means that the homeowner replaces the existing mortgage with a new one. In most cases, the new mortgage comes with lower interest rates and better terms and conditions.
Reverse Mortgage
A very good option that a foreclosure defense attorney might suggest is that of reverse mortgage. This is simply a loan against the property. A homeowner does not need to repay the loan as long as he/she lives there. However, this option is mostly available to those who own the property and are over 62 years of age.
Contesting Foreclosure
In many cases it has been seen that homeowners can successfully contest foreclosure proceeding. A foreclosure defense Jacksonville lawyer can help homeowners find the legal grounds on which the proceedings can be challenged. It might be possible that the mortgage company has filed the foreclosure proceedings illegally. A cautious attentive homeowner with the help of a foreclosure defense Florida attorney will be able to figure out what is illegal about the proceedings.
The bottom line is that there are several options available to homeowners to help them avoid foreclosure. It is upto the homeowners to seek these options. A foreclosure defense attorney will act as a specialist guide in their efforts to avoid foreclosure.
Find Foreclosure Defense Attorney, short sale attorney, short sale lawyer, refinance attorney or a Mortgage Fraud Attorney by visiting the provided links.
Jan
07
Deed in Lieu to Avoid Foreclosure
Posted by: | Comments1. In come cases, the borrower must attempt to sell the home for its fair market value for at least 90 days before the lender will consider this option.
2. This option may be unavailable if there are other liens on the borrowers home, such as judgments from other creditors, second mortgages, or tax liens.
Advantages of a Deed in Lieu:
o Possible tax considerations, talk to your tax accountant about the 1099 ordinary income for the gift of forgiven loans, as well as the insolvency exceptions.
o Problematic option if you have a 2nd or 3rd loan, line of credit secured by the property. Although the 1st lien holder of the property may agree to a deed-in-lieu of foreclosure the subsequent lien holder have not. The subsequent lien holder loans can become unsecured debt that is attached to and stay with the borrower to pay off.
Example of a Deed in Lieu:
Sam lost his job, and after 2 months of attempting to find employment, decided he would move to another state. Sam called the lender to advise them of his situation. Sam decided to sign over a deed in lieu. In exchange, although months later the property sold for $69,000 less than the mortgage owed, the lender did not submit a 1099 tax statement for the difference. This saved Sam thousands in additional income, which would have been added in to his taxes.
K. Patrice Williams has a BA in Economics as well as a law degree. She has successfully managed both residential and commercial multi-million dollar income producing assets and budgets for more than 10 years. As a 1st year law student, Patrice established a real estate development and consulting business and acquired over 30 rental properties. As the housing market values decreased- like millions of other Americans-her properties were negatively impacted by shifting ARM’s, combined by a sluggish economy. Patrice has researched and personally implemented almost all of the pre-foreclosure techniques detailed in the book: “6 Simple Steps to Avoid Foreclosure”. http://www.avoidforeclosuremanual.com
K. Patrice Williams has a BA in Economics as well as a law degree. She has successfully managed both residential and commercial multi-million dollar income producing assets and budgets for more than 10 years. As a 1st year law student, Patrice established a real estate development and consulting business and acquired over 30 rental properties. As the housing market values decreased- like millions of other Americans-her properties were negatively impacted by shifting ARM\\\\\\\’s, combined by a sluggish economy. Patrice has researched and personally implemented almost all of the pre-foreclosure techniques detailed in the book: \\\\\\\”6 Simple Steps to Avoid Foreclosure\\\\\\\”. http://www.avoidforeclosuremanual.com
Jan
05
Avoid Foreclosure With Legal Remedies
Posted by: | Comments1. It costs up to $100,000 to litigate a case. If a borrower could pay an attorney this amount of money, they probably would not be in the financial situation to be losing the home.2. Many financial Institutions and brokers are insolvent. At the time of the print of this article, over 217 institutions have gone out of business.3. An in ability for mortgage institution to resend the loan because values have decreased such that the home can not be refinanced.4. The surrounding facts and documentation in the case must be strong and the borrower has to have clean handsFor Example: When applying for their home loan, Tiffany and Theresa tell the mortgage broker that they make $120,000 annually. Both the borrowers and the mortgage broker knew otherwise, Theresa is a retail manager making $55,000 a year and Tiffany is completing her last year of Dental School. The mortgage broker puts the $120,000 income on the loan documents. In this scenario, the broker’s actions to process the loan with information that he knows to be false in order to collect his fees are actionable. However, Tiffany and Theresa do not have “clean hands” in the eye of the law, and will not have a viable case to sue against the mortgage broker.K. Patrice Williams has a BA in Economics as well as a law degree. She has successfully managed both residential and commercial multi-million dollar income producing assets and budgets for more than 10 years. As a 1st year law student, Patrice established a real estate development and consulting business and acquired over 30 rental properties. As the housing market values decreased- like millions of other Americans-her properties were negatively impacted by shifting ARM’s, combined by a sluggish economy. Patrice has researched and personally implemented almost all of the pre-foreclosure techniques detailed in the book: “6 Simple Steps to Avoid Foreclosure”. http://www.avoidforeclosuremanual.com
K. Patrice Williams has a BA in Economics as well as a law degree. She has successfully managed both residential and commercial multi-million dollar income producing assets and budgets for more than 10 years. As a 1st year law student, Patrice established a real estate development and consulting business and acquired over 30 rental properties. As the housing market values decreased- like millions of other Americans-her properties were negatively impacted by shifting ARM\\\\\\\’s, combined by a sluggish economy. Patrice has researched and personally implemented almost all of the pre-foreclosure techniques detailed in the book: \\\\\\\”6 Simple Steps to Avoid Foreclosure\\\\\\\”. http://www.avoidforeclosuremanual.com