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	<title>Stop Home Foreclosure &#187; foreclosure</title>
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	<link>http://foreclosure.dnvmtg.com</link>
	<description>Tips, tactics, and advice that help STOP the FORECLOSURE process so you can keep your HOME</description>
	<lastBuildDate>Sun, 05 Feb 2012 06:38:49 +0000</lastBuildDate>
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		<title>Using Strategic Foreclosure to Walk Away From Your House</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/using-strategic-foreclosure-to-walk-away-from-your-house.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/using-strategic-foreclosure-to-walk-away-from-your-house.html#comments</comments>
		<pubDate>Sun, 05 Feb 2012 06:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[house]]></category>
		<category><![CDATA[Strategic]]></category>
		<category><![CDATA[Using]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48523</guid>
		<description><![CDATA[Strategic foreclosure is a term that&#8217;s causing controversy amongst nearly everyone. The majority of people that attempt this method can afford to pay their loan installment, but instead choose to stop payments. Their goal is to force banks to foreclose on the property, modify the loan, or enter into a short sale agreement. The tides [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://foreclosure.dnvmtg.com/wp-content/uploads/2012/01/wpid-Using-Strategic-Foreclosure-to-Walk-Away-From-Your-House.jpg" align="left" style="margin-right: 5px;" />
<p>Strategic <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a> is a term that&#8217;s causing controversy amongst nearly everyone. The majority of people that attempt this method can afford to pay their loan installment, but instead choose to stop payments. Their goal is to force banks to foreclose on the property, modify the loan, or enter into a short sale agreement.</p>
<p>The tides of strategic foreclosure have begun to shift. Not so long ago, this tactic was primarily utilized by property owners and real estate investors with impeccable credit. They could afford to take a hit to credit scores and still qualify for financing if they wanted to buy another house.</p>
<p>Since voluntary default has received considerable media attention of late, a lot of homeowners with underwater mortgages have decided to give it a try. There are countless people that owe more on their loan than their property is worth.</p>
<p>The foreclosure crisis has affected millions of people. There&#8217;s little doubt it will take years for housing prices to return to where they were at the turn of the millennium. Foreclosure has wiped out entire communities or left a handful of residents that are now coping with declining property values and neighborhoods riddled with crime.</p>
<p>Many homeowners that stuck it out are now faced with difficult decisions. Do they continue to pay for a home that&#8217;s worth half its original value? Do they stay in their home if the community has become a ghost town or poses threats to their safety?</p>
<p>Banks typically don&#8217;t work with borrowers that aren&#8217;t experiencing financial hardship. Nor are they concerned that a borrower&#8217;s loss of home equity has resulted in an upside-down mortgage. The only way homeowners can hope to get help from their mortgage lender is to stop making payments.</p>
<p>As a real estate <a href="http://www.nationwidemortgagerate.com/real-estate-investing/investor.php" class="kblinker" title="More about investor &raquo;">investor</a>, strategic default is a topic often discussed at networking meetings. People have varying opinions about it. Some think it&#8217;s unethical to bail out on a mortgage note and people that can afford their payments need to hold up their end of the bargain. Others think it&#8217;s financially irresponsible to pay on property that isn&#8217;t worth the paper it&#8217;s written on.</p>
<p>Irrespective of your opinion, it&#8217;s wise to become informed about the process and weigh the pros and cons. Sometimes it&#8217;s best to walk away from your house. Other times it can result in catastrophic financial fallout that can take years to overcome.</p>
<p>People with mediocre credit scores will find it to be a painfully slow process to repair FICO scores after foreclosure. It could take 4 to 5 years before they could qualify for another mortgage. Another consideration is banks often issue deficiency judgments for unpaid loan balances. If property is repossessed and sold at auction for $50,000 less than the owed, the bank can come after homeowners for the difference.</p>
<p>Worse yet, deficiency judgments stay on credit reports for up to 10 years after the judgment if paid. It&#8217;s nearly impossible to qualify for <a href="http://en.wikipedia.org/wiki/Financing" class="kblinker" title="More about financing &raquo;">financing</a> of any kind when a large judgment is reflected on credit reports.</p>
<p>Depending on the circumstances, some banks might enter into a &#8216;Payment in Full&#8217; agreement which means they accept the sale price to satisfy the outstanding loan. This is usually accomplished by obtaining a deed in lieu of foreclosure.</p>
<p>It&#8217;s strongly recommended to talk with a real estate lawyer to gather the facts about strategic foreclosure. This method could provide much needed mortgage relief, but it&#8217;s not without financial risk.</p>
<p>Learning about strategic foreclosure is necessary for making an informed decision. It&#8217;s vital to understand the consequences to determine if it&#8217;s a choice that will improve or worsen your financial situation. California real estate investor, Simon Volkov provides resources for <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure-prevention.php" class="kblinker" title="More about foreclosure prevention &raquo;">foreclosure prevention</a> programs and a robust real estate and personal finance library at www.SimonVolkov.com.</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		<item>
		<title>Foreclosure Mediation Programme Has Not Much Helped Homeowners</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/foreclosure-mediation-programme-has-not-much-helped-homeowners.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/foreclosure-mediation-programme-has-not-much-helped-homeowners.html#comments</comments>
		<pubDate>Sat, 04 Feb 2012 06:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Helped]]></category>
		<category><![CDATA[Homeowners]]></category>
		<category><![CDATA[Mediation]]></category>
		<category><![CDATA[Programme]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48514</guid>
		<description><![CDATA[The foreclosure mediation programme was announced with much hype in Nevada with the passage of Assembly Bill 149 in 2009. But it has not much helped homeowners. One of them is Emiliano Passillas. He had bought a new house in 2006 &#8211; it being his first single family unit. But five years following that purchase [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://foreclosure.dnvmtg.com/wp-content/uploads/2012/01/wpid-Foreclosure-Mediation-Programme-Has-Not-Much-Helped-Homeowners.jpg" align="left" style="margin-right: 5px;" />
<p>The <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a> mediation programme was announced with much hype in Nevada with the passage of Assembly Bill 149 in 2009. But it has not much helped homeowners.</p>
<p>One of them is Emiliano Passillas. He had bought a new house in 2006 &#8211; it being his first single family unit. But five years following that purchase Passillas became part of history when last July 2011 the Supreme Court of Nevada ruled favouring him after deciding that the lender, HSBC Bank had not taken part in mediations in good faith during two sessions with Pasillas, relating to foreclosure.</p>
<p>The case of Moises Levya, a resident of Southern Nevada had also reached the Supreme Court. It set a vital precedent for this Nevada Foreclosure Mediation Program. Both the cases focused on the necessity of the lending group to be more diligent while taking part in foreclosure mediations with the troubled house owners who were somehow clinging on to their homes. If the banks fail they would have to face strictures for not acting in good faith.</p>
<p>Lawyer Geoffrey Giles of Reno said, &#8220;It was one of two seminal cases defining how (the foreclosure mediation programme) works. Prior to those cases, all we had was a statute that was very vague and gave broad discretion to judge. We had no guidance, which these two cases gave us&#8221;. However the victory sounds hollow to Pasillas today.</p>
<p>Before going ahead with his appeal to Nevada&#8217;s Supreme Court a petition for judicial reviewing of the case had not been granted by Patrick Flanagan, the District Judge. He authorized the proceedings related to foreclosure to push ahead. After the favourable ruling by the Supreme Court the case was sent back to District Court of Washoe County.</p>
<p>At this court Flanagan came forth with a fresh judgment last November asking for another mediation session with Pasillas. The judge also asked HSBC Band to bear the expenses of mediation in addition to another $2,500 to be given to Washoe Legal Services. It meant Pasillas could not pay for his lawyer.</p>
<p>This ruling was the easiest interpretation of the opinion of the Supreme Court that allowed the District Court room to impose heavier penalties on the lender said Keith Tierney, a lawyer of Reno. The decision was not normal. Under normal circumstance the fees go to the troubled homeowner. This is taking place in the East Coast where the courts are coming down heavily in favour of the homeowners in such cases.</p>
<p>Karen Anne, has been working on ForeclosureWarehouse.com studying the foreclosures market, helping buyers on the finer points of La Habra Foreclosures. Try to visit ForeclosureWarehouse.com and search Foreclosure Homes</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		</item>
		<item>
		<title>Avoiding Foreclosure Can Be As Simple As This</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/avoiding-foreclosure-can-be-as-simple-as-this.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/avoiding-foreclosure-can-be-as-simple-as-this.html#comments</comments>
		<pubDate>Fri, 03 Feb 2012 22:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Avoiding]]></category>
		<category><![CDATA[Simple]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48511</guid>
		<description><![CDATA[One of the most asked questions to which most people do not have a sufficient answer for is how to avoid foreclosure of their homes. Given the current economic situation there are thousands of people who are behind on payments, but the thing they really should want to avoid is losing their home to foreclosure. [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://foreclosure.dnvmtg.com/wp-content/uploads/2012/01/wpid-Avoiding-Foreclosure-Can-Be-As-Simple-As-This.jpg" align="left" style="margin-right: 5px;" />
<p>One of the most asked questions to which most people do not have a sufficient answer for is how to avoid <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a> of their homes. Given the current economic situation there are thousands of people who are behind on payments, but the thing they really should want to avoid is losing their home to foreclosure.</p>
<p>Foreclosure is the process mortgage lenders use to terminate ownership of a particular piece of property, usually caused by a lack of making payments toward the mortgage. The house is usually forcefully sold off and the money earned is used to pay off the initial loan or mortgage debt. There are actually some proven ways that homeowners can completely <a href="http://www.nationwidemortgagerate.com/foreclosure/avoiding-foreclosure.php" class="kblinker" title="More about avoid foreclosure &raquo;">avoid foreclosure</a> for some time, even if they have stopped paying the mortgage. Some of these ways include but are not limited to Chapter 7 and Chapter 13 Bankruptcy and using loan modifications to reduce mortgage payments.</p>
<p>There are many reasons why homeowners stop making their mortgage payments. Many times this is due to being recently laid off or quitting their job, inability to continue their job for medical reasons, piling up excessive debt, which in turn leads to accumulated bill obligations or is transferred to another city. Some people deliberately stop making payments because they just do not know what their priorities are. However if you are behind on payments it is not necessary that you lose your house to foreclosure.</p>
<p>One of the most important tips to avoid foreclosure is to meet up with your lender. It can get a little difficult to set up meetings with someone from the institution that lent you the money to buy the house. However, if you stay persistent it will eventually pay off. This method is overlooked by over 90% of homeowners who struggle to make payments or are behind on payments because they feel that any meeting with lenders will result in sudden foreclosure. Ultimately the thing to realize is that without communicating properly with your lender and trying to work out a solution foreclosure will ultimately be imminent.</p>
<p>The importance of communication cannot be explained in words and the this will help the lender know that you are not trying to avoid making your payment, but rather that you are in a serious financial situation in which you will need help. Financial institutions are not as rash or inhumane as most people might perceive and are often times willing to modify previous contracts for mutual benefits. Foreclosure in most cases is not very beneficial to the bank as they are in the lending business and not in the business of owning real estate. For every foreclosure that a lender has taken back, there are banking regulations that keep the lender from lending out so many dollars in loans. Under normal circumstances, it is not in the chief interest of a bank to foreclose unless necessary.</p>
<p>The purpose of financial institutions is to make money and the easiest way for them to make money is through the interest earned on the amount lent out. Therefore, when houses are foreclosed they might only make enough back to pay back the initial amount borrowed, especially when the market rates are what they are. Moreover, meeting with the lender might allow you to re-negotiate the terms and conditions and try to reduce mortgage payments to a level that is easily affordable.</p>
<p>Khalil Bashir is a writer on the subject of real estate, mortgage lending and foreclosure defense. If you are behind on payments and in danger of losing your home to foreclosure. Please click the link below to find out how you can cut your mortgage by up to 50 percent and walk away or sell your home fast!<br /> http://www.cutyourmortgagenow.info</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		<title>Foreclosure in Florida</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/foreclosure-in-florida.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/foreclosure-in-florida.html#comments</comments>
		<pubDate>Fri, 03 Feb 2012 14:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Florida]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48508</guid>
		<description><![CDATA[ByJacquelyn B Marks Recent news reports show that the market value for foreclosed properties in Florida- especially its southern region like Miami-Dade County- is quite attractive for prospective buyers. Major cities like Tampa Bay and Tallahassee also show a significant rise in foreclosure homes, which should please prospective homeowners who are thinking of moving to [...]]]></description>
			<content:encoded><![CDATA[<p>ByJacquelyn B Marks</p>
<p>Recent news reports show that the market value for foreclosed properties in Florida- especially its southern region like Miami-Dade County- is quite attractive for prospective buyers. Major cities like Tampa Bay and Tallahassee also show a significant rise in <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a> homes, which should please prospective homeowners who are thinking of moving to Florida.</p>
<p>There is a lot to enjoy in Florida if you are thinking of settling down there with your loved ones. Florida is one of the few states in the country that literally has everything to offer to family members of all ages.</p>
<p>The kids alone will feel like they are living in paradise, as world-famous resorts like Sea World, Universal Studios and Disneyland are practically like next-door neighbors. And thanks to the recent and box-office opening of the Harry Potter theme park, even amusement park veterans will be pleased anew as they now have Hogwarts come to life &#8211; theirs to discover any day they choose to visit.</p>
<p>Social life for both high school and college students is just as fun. Florida, after all, is home to some of the top schools and universities in the nation, which are renowned for not only winning state and national sport championships, but also for the exciting parties, they throw every year.</p>
<p>If you have anyone sports-mad in your family, then he or she is guaranteed to be just as wildly enthusiastic about your family&#8217;s impending move to Florida. After all, the state is home to two of NBA&#8217;s teams &#8211; Orlando Magic and Miami Heat. Then there is the Anaheim Ducks from the National Hockey League. There are a lot more, and you can root for them with the rest of the home crowd in their respective stadiums and fields.</p>
<p>Nature lovers will also fall in love with Florida, which is home to the Everglades and also boasts of having the surreal beautiful Key West islands in their midst. That does not mean, however, that Florida has no modern attractions to offer. It has them a lot, and the hottest happen to be found on Miami&#8217;s noisy and brightly lit streets.</p>
<p>If, however, you are concerned about frugal living, rest assured that Florida allows for a very cost-efficient lifestyle. Admittedly, the vibrant party scene that never seems to go to sleep could burn a hole in your pockets. However, maybe you can more than afford it now and since you no longer have to literally save for the rainy and wintry days. Those are the days when your electricity bills are guaranteed to shoot up because of heating costs and prolonged hours of usage.</p>
<p>If you have long been hoping to move to sunny Florida with its equally excellent opportunities awaiting you, now is the best time to do so. As news reports are also showing Florida locals starting to recover from the economic crisis that had swept the nation, it is only a matter of time before foreclosures, <a href="http://www.nationwidemortgagerate.com/mortgage-rates/mortgage-rates.php" class="kblinker" title="More about mortgage rates &raquo;">mortgage rates</a> go down, and the price value for real estate goes back up&#8230; and stays there.</p>
<p>Foreclosure.com is the leading resource in online distressed property listings.</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		<title>Many Banks Holding Off On Foreclosure</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/many-banks-holding-off-on-foreclosure.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/many-banks-holding-off-on-foreclosure.html#comments</comments>
		<pubDate>Fri, 03 Feb 2012 06:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Holding]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48506</guid>
		<description><![CDATA[Up until 2010, the foreclosure rate has steadily increased since the real estate meltdown back in 2007. Last year in 2011, the foreclosure rate has dropped a little bit making experts wonder the reason why. After reading a lot of information on the Internet, it seems that lenders are having problems investigating the mortgage documents [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://foreclosure.dnvmtg.com/wp-content/uploads/2012/01/wpid-Many-Banks-Holding-Off-On-Foreclosure.jpg" align="left" style="margin-right: 5px;" />
<p>Up until 2010, the <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a> rate has steadily increased since the real estate meltdown back in 2007. Last year in 2011, the foreclosure rate has dropped a little bit making experts wonder the reason why. After reading a lot of information on the Internet, it seems that lenders are having problems investigating the mortgage documents when they go to foreclose on a piece of property. The last thing the bank would want would be to not have their ducks in a row and have their mortgage canceled letting the borrower own their home free and clear. I know that sounds like a stretch, but over the last year with all the bad publicity of the mortgage industry, bank owned properties have been under a lot of scrutiny by the courts. This is an extreme circumstance that is unlikely to happen but why take the risk if the bank doesn&#8217;t have to. Because the banks aren&#8217;t foreclosing on their properties people that are behind just get further buried on their payments and eventually will lose their home if they don&#8217;t file for bankruptcy or find someone to give them a loan modification.</p>
<p>After further investigation, I believe there is more to the story than just getting their ducks in a row. The banks know that if they foreclosed on every property that is in default, the already ailing real estate market might collapse. Recently, Realty Trac reported that there were 20 million homes in America that were in default or in danger of being in default. Considering this number, if banks decided to push the issue, the real estate market will be flooded with 20 million homes nationwide. People who think the value of their home is low now, would quickly find out they could drop a lot more.</p>
<p>What is interesting, with the real estate market in distress, people who can afford to buy are holding off because of fear that home prices might drop more. More and more people that hear the news of the large stock of homes that might enter the market due to foreclosure, hold off making this large purchase. Basically, fear is what is driving the market down further. Buyers are waiting for some sort of stability in the economy before jumping in.</p>
<p>Today, many American homeowners are living in their dream homes on borrowed time. If they bought at the wrong time they could be upside down as much as a few hundred thousand dollars. People that have a deficiency on their mortgage are in a position where they can&#8217;t even sell their house if they wanted to. The only option they have is to apply for a loan modification or file Chapter 13 bankruptcy and try to negotiate something with the lender. Filing Chapter 13 bankruptcy is a solution for those that are caught up upside down on their mortgage to the point where they can&#8217;t afford to live. When a person files Chapter 13 they will be able to, along with their bankruptcy attorney, negotiate with a lender to get caught up on back payments and possibly negotiate the balance down. Where a Chapter 13 really shows its muscle is when a debtor has a second or third and the value of the home has dropped below the value of the first. The bankruptcy attorney will ask the court to strip off the liens for the second and third making the debt unsecured because there is no value in the property to secure the loan. Most people file Chapter 13 initially to <a href="http://www.nationwidemortgagerate.com/foreclosure/how-can-i-stop-foreclosure.php" class="kblinker" title="More about stop foreclosure &raquo;">stop foreclosure</a> and take the power away from their creditors, allowing them to negotiate something that is more affordable.</p>
<p>The author started DebtFreeBankruptcyAttorney.Com which is a website that helps individuals with debt problems by putting them in touch with a local bankruptcy attorney that specializes in filing bankruptcy under Chapter 7 and Chapter 13 bankruptcy. Check our website for more answers to bankruptcy questions and ideas on how to have a debt free future.</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		<title>Stop Foreclosure And Save Your Home Using A Bankruptcy Attorney</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/stop-foreclosure-and-save-your-home-using-a-bankruptcy-attorney.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/stop-foreclosure-and-save-your-home-using-a-bankruptcy-attorney.html#comments</comments>
		<pubDate>Thu, 02 Feb 2012 22:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Attorney]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Using]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48503</guid>
		<description><![CDATA[As the US economy continues to swirl the toilet bowl, many Americans are facing the fact that they might lose their homes to foreclosure if they don&#8217;t do something quickly. The quickest way to stop a creditor in their tracks by taking any legal action against you is to file for bankruptcy. This is something [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://foreclosure.dnvmtg.com/wp-content/uploads/2012/01/wpid-Stop-Foreclosure-And-Save-Your-Home-Using-A-Bankruptcy-Attorney.jpg" align="left" style="margin-right: 5px;" />
<p>As the US economy continues to swirl the toilet bowl, many Americans are facing the fact that they might lose their homes to <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a> if they don&#8217;t do something quickly. The quickest way to stop a creditor in their tracks by taking any legal action against you is to file for bankruptcy. This is something that no one really wants to hear, filing bankruptcy? Growing up most of us have heard the myths and legends about how a bankruptcy filing will destroy your life forever. Well I&#8217;m here to tell you that filing bankruptcy no longer carries the stigma of years past. If you have the choice, would you rather file for bankruptcy or lose your home? I think we all know the answer. Because of the stigma that has been brainwashed into our heads since youth, peoples pride is the main thing that gets in the way of an individual making a good financial decision. The creditors would like you to believe that you are a complete failure, dishonest and can&#8217;t be trusted because of the bankruptcy filing. They want to do believe this so they can squeeze another dime out of you before you file.</p>
<p>One of the most freeing meetings a person could have is that trip to the bankruptcy attorney and find out that you&#8217;re not such a bad person after all and it&#8217;s possible to save your home from foreclosure by filing bankruptcy. Depending on an individual&#8217;s income will be the deciding factor on whether the bankruptcy attorney will refer to them to Chapter 7 or Chapter 13 bankruptcy. A Chapter 7 bankruptcy will stop foreclosure, but in most cases only temporarily. As soon as the creditor learns of the bankruptcy filing, they usually will go in and file a relief of stay with the bankruptcy court that will allow them to proceed with the foreclosure. This doesn&#8217;t mean it&#8217;s not possible to use Chapter 7 bankruptcy as a way to keep your home, many individuals are overwhelmed with credit card debt and they are unable to make their mortgage payment along with paying all their other creditors. Many of them will play the balancing act trying to give a little bit too everyone and end up not being able to make their mortgage payments putting them in default and starting the <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure-process.php" class="kblinker" title="More about foreclosure process &raquo;">foreclosure process</a>. Filing Chapter 7 bankruptcy will wipe out all unsecured debt and in some cases free up enough money by removing all this credit card debt. In this situation, with the new found wealth, the debtor might have enough time to get caught up on payments and work something out to keep the family home.</p>
<p>If the individual makes too much money, the bankruptcy attorney will most likely send them in the direction of a Chapter 13 bankruptcy. Just like a Chapter 7, a Chapter 13 bankruptcy shares the power of the automatic stay that stops all collection and legal activity including, foreclosure, wage garnishments, lawsuits and judgments. With a Chapter 13, the bankruptcy attorney and the debtor will be required to submit a feasible repayment plan to the bankruptcy court that will last 3 to 5 years. In a Chapter 13 bankruptcy, all debts are paid by priority with secure debts at the top of the list and the unsecured debts getting whatever&#8217;s left over. A Chapter 13 bankruptcy will give the power back to the debtor, allowing them to negotiate with the creditor. With the real estate market in the tank, property values continue to decline and getting loan modifications are next to impossible, filing Chapter 13 bankruptcy puts the debtor back in the driver&#8217;s seat. Depending on the situation, the bankruptcy attorney might be able to strip off the liens of the second and third by motioning the court to remove the liens if the property value has dropped beneath the amount of the first <a href="http://en.wikipedia.org/wiki/Trust_deed_(real_estate)" class="kblinker" title="More about trust deed &raquo;">trust deed</a>, making the second and third in unsecured debt that can be discharged in bankruptcy. Having a bankruptcy attorney on your team to <a href="http://www.nationwidemortgagerate.com/foreclosure/how-can-i-stop-foreclosure.php" class="kblinker" title="More about stop foreclosure &raquo;">stop foreclosure</a> will also relieve a lot of the stress of the unknown and allow the debtor to get the fresh start that bankruptcy promises.</p>
<p>The author is a professional that formed FilingBankruptcyNow.Com which provides information for debtors considering filing bankruptcy under Chapter 7 and Chapter 13 bankruptcy and helps individuals stop foreclosure and eliminate their debt by putting them in touch with a local bankruptcy attorney.</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		<title>Tips to Avoiding Foreclosure</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/tips-to-avoiding-foreclosure.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/tips-to-avoiding-foreclosure.html#comments</comments>
		<pubDate>Thu, 02 Feb 2012 06:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Avoiding]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48498</guid>
		<description><![CDATA[ByMark Moss With too many variables involved in today&#8217;s economy, it&#8217;s becoming harder for anybody to make sure that everything goes as planned. The worst thing that could happen to any of us is definitely job loss. You could literally have a stable job today, and by tomorrow you end up searching for other jobs [...]]]></description>
			<content:encoded><![CDATA[<p>ByMark Moss</p>
<p>With too many variables involved in today&#8217;s economy, it&#8217;s becoming harder for anybody to make sure that everything goes as planned. The worst thing that could happen to any of us is definitely job loss. You could literally have a stable job today, and by tomorrow you end up searching for other jobs just to keep up with your bill payments. Job loss isn&#8217;t actually the only thing that can ruin your life. Its consequences could go farther to losing even your home. If you have a mortgage which you fall short on fulfilling its agreement, then your home will eventually head to <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a>, especially if you don&#8217;t act quickly. If you want to save your home from being foreclosed on, here are some tips to help you do so:</p>
<p>1- Admit that you have a problem:</p>
<p>Many people don&#8217;t realize this, but identifying your problem and admitting that you have one is probably 50% of finding a solution to it. As soon as you realize that your finances are no longer the same as they used to be, you need to put in mind that you&#8217;re going to lose your home if you don&#8217;t act quickly. If you notice that your mortgage payments are becoming harder every month, then you should prepare yourself for alternatives before your lender issues a foreclosure notice on your home.</p>
<p>2- Act as soon as possible:</p>
<p>The key thing to finding a solution to any problem is early diagnosis. If you discover the problem as soon as it happens, then and only then you&#8217;ll be able to provide a solution before it gets worse. If things go far above your head, then it will be almost impossible to handle them.</p>
<p>3- Be honest:</p>
<p>The worst mistake that people make is trying to ignore their lenders or sometimes lie to them just because they don&#8217;t feel like paying their mortgage anymore. If you want to be provided a way off foreclosure, then you need to communicate with your lender about why exactly you&#8217;re not able to afford your mortgage payments. If they find that you&#8217;re honest, then they will be happy to offer you alternatives that won&#8217;t cause you much damage.</p>
<p>4- Find an expert:</p>
<p>It&#8217;s true that you don&#8217;t probably want to spend money that you don&#8217;t have, but if you want to save your credit, you definitely need to make that investment into a good agent. I don&#8217;t want to make things harder for you or anything, but doing it yourself may cause you a great damage, especially if you don&#8217;t know how to handle these things. Take my advice and hire a professional agent who will make sure that you get the best solution ever.</p>
<p>Mark is a short sale expert who enjoys helping people <a href="http://www.nationwidemortgagerate.com/foreclosure/avoiding-foreclosure.php" class="kblinker" title="More about avoiding foreclosure &raquo;">avoiding foreclosure</a>. For more information, check out: Define <a href="http://www.nationwidemortgagerate.com/reverse-mortgage/short-sale.php" class="kblinker" title="More about short sale &raquo;">short sale</a> AND hardship letter for short sale.</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		<title>The Types of Foreclosure Rescue Schemes</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/the-types-of-foreclosure-rescue-schemes.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/the-types-of-foreclosure-rescue-schemes.html#comments</comments>
		<pubDate>Wed, 01 Feb 2012 22:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Rescue]]></category>
		<category><![CDATA[Schemes]]></category>
		<category><![CDATA[Types]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48496</guid>
		<description><![CDATA[ByWinona Ryder A home is probably the most sought after possession of a common man&#8217;s life. A saving of lifetime and efforts are equally poured into owning something that signifies the possible success ventures of human beings. The following accomplishment was always a wise approach which was intensified during poor economical phase. Pre-poor-economical phase, home [...]]]></description>
			<content:encoded><![CDATA[<p>ByWinona Ryder</p>
<p>A home is probably the most sought after possession of a common man&#8217;s life. A saving of lifetime and efforts are equally poured into owning something that signifies the possible success ventures of human beings. The following accomplishment was always a wise approach which was intensified during poor economical phase. Pre-poor-economical phase, home ownership ventures were perceived with intellectual approach. The contemporary economical phase which is reforming to economical destruction lately has made it difficult for people across the globe to accomplish the dreams of owning homes a little riskier. The home ownership ventures were always required intelligent approach and a unified means to investment.</p>
<p>The current ec0nomical slowdown has allowed various economic organizations to shrink to their bases. The banks and other organizations are constantly evolving with innovative notions and concepts to allow prospective owners to think beyond risks. Some concepts and strategies have been so finely crafted that they seem to have yielded effective results. Going by the economic slowdowns, many banks across the globe have drastically cut down on the <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a> rates. The economic institutions in accordance with governmental strategies have overcome the pitfalls. They are building effective strategies to allow prospective owners with lucrative options. These lucrative options are helpful. The options are creating a sense of faith amongst prospective homeowners. The options are cost effective. While there has been a huge development in strategies built over to overcome the situation, the fraudster&#8217;s market is becoming more and more active amidst this delicate economical environment.</p>
<p>One of the most commonly popular feature that has been doing rounds in the industry of real estate lately was Foreclosure Rescue Scheme. Finely manipulated by the fraudsters of the industry, the respective scheme duped many of millions of dollars. The involved fraudsters in the scam target the homeowners who are desperately seeking help to <a href="http://www.nationwidemortgagerate.com/foreclosure/avoiding-foreclosure.php" class="kblinker" title="More about avoid foreclosure &raquo;">avoid foreclosure</a>. They are most vulnerable and easy targets. Already depressed with their financial status and foreclosure situations, they tend to fall prey to anything that comes in the guise of rescue. The fraudsters running the scam offer options to help homeowners with their foreclosure situations. The homeowners already have their mortgages in their default mode. There are various means and concepts that are perceived by the people running the scam however one thing that remains the same throughout the process is their sole objective to throw a real owner out of their homes. Let us take a close look at different types of Foreclosure Rescue Schemes in detail.</p>
<p>Lease Buy Back is the most common features which are operated by these scam-running people. According to this scheme, the owners are allowed to turn the lease with features to buy them back in future. The homeowners are falsely confirmed to avail the rents on property. In this process, the 0wners loose property and other additional costs.</p>
<p>Equity Stripping or Equity Skimming is a sort of modified version of lease buy-back. In this scheme, the fraudster gain ownership while the real owner continues living in the home.</p>
<p>Another part of Foreclosure Rescue Scheme is consulting service where the fraudsters act as agents and dupe the owners with money and other rights.</p>
<p>For More Information on Foreclosed Homes in Palm Beach Visit HomesbyLender</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		<title>Buying a Foreclosure &#8211; Building Permit Records Key to Confirming Square Footage</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/buying-a-foreclosure-building-permit-records-key-to-confirming-square-footage.html</link>
		<comments>http://foreclosure.dnvmtg.com/foreclosure/buying-a-foreclosure-building-permit-records-key-to-confirming-square-footage.html#comments</comments>
		<pubDate>Wed, 01 Feb 2012 06:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Building]]></category>
		<category><![CDATA[buying]]></category>
		<category><![CDATA[Confirming]]></category>
		<category><![CDATA[Footage]]></category>
		<category><![CDATA[Permit]]></category>
		<category><![CDATA[Records]]></category>
		<category><![CDATA[Square]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48492</guid>
		<description><![CDATA[If you are in the market to buy a foreclosed home or a short sale, take some time to confirm the building permit records on the property before you buy. A building permit record search is a reliable way to determine whether or not your house complies with local building code or if any additional [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://foreclosure.dnvmtg.com/wp-content/uploads/2012/01/wpid-Buying-a-Foreclosure-Building-Permit-Records-Key-to-Confirming-Square-Footage.jpg" align="left" style="margin-right: 5px;" />
<p>If you are in the market to buy a foreclosed home or a <a href="http://www.nationwidemortgagerate.com/reverse-mortgage/short-sale.php" class="kblinker" title="More about short sale &raquo;">short sale</a>, take some time to confirm the building permit records on the property before you buy.</p>
<p>A building permit record search is a reliable way to determine whether or not your house complies with local <a href="http://www.nationwidemortgagerate.com/construction-loans/building-code.php" class="kblinker" title="More about building code &raquo;">building code</a> or if any additional square footage has been legally constructed.</p>
<p>Issues with foreclosed properties from illegal additions to code violations become the responsibility of the new owner. Many properties, especially <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosures</a>, can have illegal additions, sub-standard work or code violations and the new owner can be made responsible for correcting the problem..</p>
<p>Homeowners seeking to buy can either ask the seller or the seller&#8217;s realtor to research the property and find out if there are building permits and certificates of occupancy issued on any new additions. Or if you are curious, you can contact your local Building Department and ask if they can make copies for you.</p>
<p>Be aware, many building departments are short staffed due to the recent economic downturn and they may ask you to come down and research the property yourself.</p>
<p>If you are the seller, in most states, you must disclose all work that was completed without a permit. Failure to do so could run the risk of ruining your sale. The seller may want to provide the buyer with copies of permits confirming that the square footage on the property matches all existing permits on the property.</p>
<p>For example, if the property built in 1999 has two bedrooms and a bath and the seller added a new bedroom and bathroom, the buyer should check to see that the original permits and certificate of occupancy show the original square footage and that the permits show the new, correct additional square footage.</p>
<p>The process differs from City to City but usually the process goes something like this. You would visit the counter of your local building department and ask to see the records on a property. They usually have you fill out a piece of paper listing the property address, turn it in and wait for them to call you.</p>
<p>Once they call you up to the counter, tell them what you are looking for a Certificate of Occupancy, a history of Building permits or that you are looking to confirm the existing square footage on a house. They&#8217;ll go and try to find it for you. When they come back with your results, make sure that they take the time to examine the documents and tell you what they are giving you before you go and pay for the copies. The whole process can take between 1-2 hours or more. Sometimes they have you come back the next day.</p>
<p>In most cities and counties, the Building Department will keep copies of all permits on file. Many of them are on old microfiche, but recently many building departments have been converting this microfiche to online permit images. Check your city or county website to see if they have copies of permit records online before you make a trip.</p>
<p>Mike Robinson is the President of Permit Place, a nationwide Planning and Permit Consulting firm located in Los Angeles. Permit Place helps businesses gets retail and restaurant locations open sooner so that they can cash flow faster by streamlining the permit process nationwide. Visit our website at http://www.permitplace.com to download a free case study on how we can save you time and money by getting your permits faster.</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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		<title>The Foreclosure Clean Out Business Remains Strong Going Into 2012</title>
		<link>http://foreclosure.dnvmtg.com/foreclosure/the-foreclosure-clean-out-business-remains-strong-going-into-2012.html</link>
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		<pubDate>Tue, 31 Jan 2012 14:38:49 +0000</pubDate>
		<dc:creator>foreclosure</dc:creator>
				<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Clean]]></category>
		<category><![CDATA[Going]]></category>
		<category><![CDATA[Remains]]></category>
		<category><![CDATA[Strong]]></category>

		<guid isPermaLink="false">http://foreclosure.dnvmtg.com/?p=48486</guid>
		<description><![CDATA[ByAnthony Simonie Since the housing crisis began, people have been wondering if now is the right time to start their own foreclosure clean out business. 2011 has been a great year for those looking to start their own businesses, and take advantage of a weak housing market. With so many foreclosures still happening, and many [...]]]></description>
			<content:encoded><![CDATA[<p>ByAnthony Simonie</p>
<p>Since the housing crisis began, people have been wondering if now is the right time to start their own <a href="http://www.nationwidemortgagerate.com/foreclosure/foreclosure.php" class="kblinker" title="More about foreclosure &raquo;">foreclosure</a> clean out business. 2011 has been a great year for those looking to start their own businesses, and take advantage of a weak housing market. With so many foreclosures still happening, and many more to come, you couldn&#8217;t ask for a better opportunity within the cleaning industry itself. Many foreclosure cleaning businesses are leading the top of the best new small business categories across many popular business magazines and websites. Now is the perfect time to start learning everything you need to know, and get started on your journey.</p>
<p>What&#8217;s so great about this type of business is that you get to decide how much you want to work. Whether you&#8217;re searching for something part time or full, the foreclosure clean out business can provide you with either one. Below we&#8217;ll talk about a few reasons why cleaning foreclosed homes will remain a hot business to get yourself into. Once you&#8217;re through reading, you should be able to decide what you&#8217;re next step should be.</p>
<p>The cleaning industry will always be around. Whether you start cleaning out foreclosed homes, or move onto industrial buildings, there is always going to be a need for people to clean. Don&#8217;t mistake this industry for something that won&#8217;t last you well into the future. Many people have worked the cleaning industry their entire lives with stellar results. Not only that, but the foreclosure clean out business is currently growing at a significant pace. Don&#8217;t miss your chance to join in on something that is still in its early stages. Within less than a year from now, you could be enjoying the fruits of your labor.</p>
<p>It&#8217;s obvious that this is the right business for you to get into. Look around your neighborhood, and see all the homes sitting vacant. Banks and <a href="http://www.nationwidemortgagerate.com/home-purchase/real-estate-agent.php" class="kblinker" title="More about real estate agent &raquo;">real estate agents</a> need businesses like yours to come in and clean these properties on a regular basis before they can be presented to the public. You&#8217;re job is to make them look attractive so that they can get the highest price for them on the market.</p>
<p>Banks are going to have many properties for you to work on. If you speak with current foreclosure clean out business owners they will tell you that the amount of work they have to choose from is vast. They decide what houses they want to work on, and how much they want to charge. It&#8217;s an open market that is seeing no sign of slowing down anytime soon. With the shadow inventory that banks are holding onto, you can expect properties to be making the rounds far into the future. As a result, there will be a constant need for a business like the one we are describing.</p>
<p>Don&#8217;t pass up your opportunity to get in on one of the fastest growing industries today. You don&#8217;t have to worry whether the economy turns around, or if the housing market returns to normal because the cleaning industry will continue to be around regardless. As long as there are properties for sale or rent, you can bet that there will be a need for cleaning jobs. Expect the foreclosure clean out business to remain strong throughout 2012 and beyond.</p>
<p>Foreclosurecash.net is a nationally-recognized authority on the training and advancement of professionals in the property preservation and foreclosure business. Visit http://www.ForeclosureCash.net for information on how to make this business your successful and lucrative career. Free report &#038; video offered.</p>
<p>Article Source:http://EzineArticles.com/?expert</p>
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