Need to stop Foreclosure need advice?

Answer 1

Pay your bills.

Actually though... The housing bubble has burst and there has been news lately of many people being unable to pay their mortgages. The lenders are actually bending the rules in order to not foreclose and flood the market with housing that will further decrease in value as a result. They should be willing to work with you...

http://www.hud.gov/foreclosure/index.cfm

Answer 2

There are several ways in which you may stop a foreclosure on your property.

#1 The one that sticks out the most of course is to bring the mortgage note current.

#2 Talk to your lender, find out the options they offer. Don't settle for the first person that answer the telephone.

#3 You can sell the house by advertising in your local newspaper and other media available to you.

#4 Offer your property back to your lender with a deed-in-lieu of foreclosure. This means that the lender accepts the property without going after you for additional funds. You are free of the property as well as the loan.

#5 You can find some one that will buy the property and lease it back to you in a few years.

#6 You can refinance the current mortgage, even though the rate will be higher.

I hope this has been of some help to you, good luck.

"FIGHT ON"

Answer 3

RESTRUCTURE LOAN - This is what we usually suggest as the best way to stop home foreclosure.


REFINANCE PROPERTY - While this may seem like the best alternative right now, often it is not!


OPTIONS UNDER LAW - These options, including bankruptcy, should be looked at as a last resort.


DISPOSE OF PROPERTY - In a distress sale, often you can only get 65% of actual property value.


DO IT ALL YOURSELF - This can be very dangerous and you could make a very expensive mistake.


PAY ALL MONEY DUE - If you cannot pay the entire amount in full, you will need another option.

Answer 4

those auctions are canceled, rescheduled, and postponed each and every of the time. there is fairly no reason to pass, till you fairly, fairly need to pass. If the home is unquestionably foreclosed, there'll nonetheless be an prolonged lag time in the past the hot vendors do something. it is very actual if the hot proprietor finally ends up being the lending financial corporation. you will get a lot of be conscious in the past you're forced to pass. do not difficulty approximately it. If the home is foreclosed, and offered, then you fairly pay not something extra on your unique landlord. Your lease money will pass to the hot proprietor, no rely if that proprietor is an self sustaining client or the financial corporation. in actuality, the hot proprietor would desire to apply the valuables as a condominium, and could be happy that there are latest tenants, and could choose you to stay below your latest condominium contract.

Answer 5

Unless you can come up with enough money to get the lender to stop the process you can't stop it.

What you might do is a short sell and get the lender to forgive the difference. A short sell happens when the owner sells the house for less than the loan amount. Currently, many lenders are agreeing to forgive the difference if the new buyer can qualify for the house.

Answer 6

Need more info to give you advice, but I would start with paying the past due amount owed. Beg borrow and plea to anyone who will help. Mother, father, aunt, uncle.
If this is not an option call the lender NOW and ask what they can do to help you out. they do not want to own homes so they will work with you.

Answer 7

Assuming that you don't have the money to come current on your mortgage, you have 3 options: 1) refinance; 2) sell; or 3) bankruptcy.

Answer 8

quicky sell your house to some one you trust like a brother or sister, mother and sell it cheap. So they own it on paper not lieraty you get me? or refinance it.

Answer 9

Get your mortgage current!

Answer 10

Pay the the money you owe. Borrow it if you don't have it.