Tag Archives: Foreclosure

Hope for tomorrow…

Hope for tomorrow….

These words are from a “tag line” I used to put under my real estate investing business name.

“Support for today, hope for tomorrow.”

Even though I don’t use that tag line any more, it is still the basis for all I do.

Now more than ever, I plan to continue to support others with all that I have to offer and in the process, providing hope.

I know this is last minute – but some extra seats just opened up.

I wanted to give you an opportunity to receive a free trip and free training when … Read the rest

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Avoid Foreclosure: Option 2- Refinancing

Option 2. REFINANCING

Definition: Paying off an existing loan with the proceeds from a new loan, usually of the same size, and using the same property as collateral.

I don’t believe that refinancing your home is always in your best interest. Sometimes, once your financial situation is examined in both the short and long term it may be the worst thing you could do at this particular time. However, sometimes, refinancing your home is the best move you can make providing you have the income to support the new payment. This option is only available to you if your … Read the rest

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Avoid Foreclosure: Option 10 – Repayment Plan

Option 10. REPAYMENT PLAN

Definition: You coordinate with lender to agree upon a monthly payment and the payment and interest on past due amounts. So, providing you keep up the appropriate payments, at the end of the term you will have repaid the loan in full. Terms are set up in the same way as most types of loans with % rate and time frame to pay off.

If you have incurred a short term financial hardship and your loan is two or more months past due, you might consider submitting a request for a repayment plan to your lender … Read the rest

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Avoid Foreclosure: Option 9 – RE-AMORTIZATION

Option 9. RE-AMORTIZATION.

Definition: The delinquency is added to the loan balance in order to bring your payments up to date. Adding past due loan amounts to your current loan balance increases your loan balance and will also increase your monthly payments. The amount of the payment increase will be smaller if the life of your loan is extended at the same time as well. This is a good option if the reason for your mortgage default was temporary and your future income will support the new payment.

Go here for more Foreclosure Coaching… Read the rest

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The Bush administration announced a plan to help struggling homeowners avoid losing their homes to foreclosure effective this past Tuesday.

The Bush administration announced a plan to help struggling homeowners avoid losing their homes to foreclosure effective this past Tuesday.

The other night, Virginia from Irving Texas asked on this weeks Massive Profits in Foreclosures call “ Will this change the landscape for investors working with those in Foreclosure?”

The Answer is YES- – -for the better.

You be the good person to help the homeowner make sure they have evaluated all their options.

These are two ways you can help the homeowner take action before foreclosure:

#1 Learn and share all options available to the homeowner if they do … Read the rest

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