Foreclosure Worries Getting You Down?
Refinance / Home Equity
Learn more about Refinance and Home Equity- May lower payments/interest rates
- Start fresh with current payments
- Roll arrearage into new loan
Chapter 13 Bankruptcy
Learn more about Chapter 13 Bankruptcy- Stop foreclosure immediately!
- Pay arrearage over time
- Payment plan that fits your budget
Act Now to See if You Can Save Your Home!
Are you fretting over the potential foreclosure of your home? Is your house's foreclosure already underway? Do you need a solution to stop foreclosure?
If you're plagued by worries like these, you're in good company. Across the nation, the foreclosure crisis is leaving families to wonder what will happen to them if they lose their homes. Foreclosure rates are higher than ever before, and economists' predictions for the future aren't very good.
The widespread proportions of the current foreclosure crisis can be blamed on a few factors, including poorly regulated mortgage lending, the collapse of the subprime mortgage industry and abundantly used adjustable-rate mortgages. For those facing foreclosure, the choices you make now could have a huge impact on your status in the future.
If you might be a victim of foreclosure, you need to learn all you can about the foreclosure process and the choices you have to prevent foreclosure. Hurried, haphazard decisions can actually harm you and cost you time and money down the road. Preventing foreclosure is not easy, but for those with determination and a willingness to work hard, there are options. So hang in there and learn some ways to stop foreclosure!
It's important to remember that you have choices when it comes to foreclosure. Too many people have fallen prey to foreclosure rescue scammers, thinking these con artists would help them save their homes. But remember: any offer to stop foreclosure that seems too good to be true probably is.
Watch Out for Foreclosure "Rescue" Scams!
Some unscrupulous schemers are benefitting from other people's troubles by conducting foreclosure "rescue" scams. If you're facing foreclosure, you're in a very vulnerable position, and some people will try to take advantage of you. The best way to protect yourself is to learn as much as you can about these types of scams.
These con artists often present fake foreclosure solutions - immediate refinancing, instant loans, or another on-the-spot foreclosure fix. But an offer of this type is almost certainly a foreclosure rescue scam. Around the country, the effects of foreclosure rescue scams are being felt by homeowners who have lost their houses and their home equity.
A scam shouldn't ruin all your hard work and investment! Never accept an offer to stop foreclosure instantly, no matter how tempting. If it's a legitimate offer, it will keep long enough for you to do some background research. A great place to learn more about foreclosure rescue scams going on around the country is the Foreclosure-Fighter articles section.
You May Be Able to Prevent Foreclosure with Help from Foreclosure-Fighter!
The first step toward preventing your home's foreclosure is learning all you can about foreclosure. The resources available at Foreclosure-Fighter can help you become familiar with options like Chapter 13 bankruptcy and refinancing.
Here are two of the most powerful foreclosure-stopping tools available:
- Chapter 13 Bankruptcy to Stop Foreclosure: Thanks to the automatic stay provision of Chapter 13 bankruptcy, filing Chapter 13 bankruptcy can stop foreclosure immediately in most cases. The automatic stay prevents creditors from making any and all collection actions while the bankruptcy is pending. Chapter 13 bankruptcy filings allow filers to catch up with their past-due payments over a period of three to five years, which means they can exit bankruptcy with no overdue balance. Successful Chapter 13 bankruptcy filings can prevent foreclosure altogether.
- Refinancing to Stop Foreclosure: For homeowners who are no more than 90 days late on mortgage payments and who have significant equity in their homes, refinancing is an excellent way to stop foreclosure. A refinanced home loan allows the borrower to roll all past-due payments into a new loan, so that the borrower can start paying with no overdue balance. In some cases, the refinanced loan actually has lower monthly payments or a lower interest rate than the original!
Begin Fighting Your Foreclosure Today!
Don't assume you've waited too long to prevent your home's foreclosure. Filing Chapter 13 bankruptcy or going for a sale or short sale may also stop foreclosure. You have invested too much time, money and energy into your home to lose it to a foreclosure! Act as soon as you can and you might even be able to avoid deficiency judgments, which can linger after foreclosures.
Don't let foreclosure boss you around - even if your foreclosure is a certainty, you can still take steps to protect your financial future.
Foreclosure-Fighter Has Lots of Foreclosure-Stopping Advice!
The odds that you'll be able to stop the foreclosure of your home depend on several factors, such as:
- How late you are on mortgage payments;
- Your credit history and credit scores;
- The amount of equity you have in your home; and
- The amount of your mortgage debt.
If you're not too late on mortgage payments and you have 15-25% equity in your home, refinancing might be your best bet to stop foreclosure. If you're late on mortgage payments and have less equity in your house, you'll probably want to use another method to stop foreclosure, especially if foreclosure proceedings have already begun.
Making reasonable, forward-looking decisions about the state of your home and your finances is crucial at this juncture. By using the resources available at Foreclosure-Fighter, you can learn about Chapter 13 bankruptcy, refinancing and other less-known anti-foreclosure measures. Taking the time to educate yourself about foreclosure will pay off: you'll be better prepared to fight your home's foreclosure.
If you'd like to talk to someone with professional foreclosure-fighting experience, we can put you in touch with someone who can answer your foreclosure-related questions and fill you in on any information you couldn't find on our site. Just fill out our online form and we'll help you out. Remember: you can't fight foreclosure without understanding foreclosure.
In Foreclosure? Know Your Voting Rights
Ohio Secretary of State reminds residents that they still have the right to vote if they are in mortgage foreclosure. Obama camp recently filed lawsuit to make sure everyone eligible in the country will be allowed to vote--regardless of the status of their mortgage payments.