What To Do If My Mortgage Balance Is More Than Home Is Worth

My mortgage balance is more than my home is worth. Many homeowners face homes values less than mortgage balances. FHA Secure, refinance while subordinating a second mortgage are options. You may also want to try NACA as a solution. This is also a great time to try to renegotiate your terms on your mortgage. You may be able to get a reduction in principal as well as lowering your mortgage interest rate. (My mortgage is upside down)

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How To Do A Short Sale Request

Asking for a short sale request from your mortgage lender is a option for stopping foreclosure. The short sale process takes time and effort, learn more. (Short Sale Process)

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Is a Short Sale An Option To Stop Foreclosure

Use a Short Sale as one option to stop a foreclosure on your home. If you plan to do a short sale start early it take some time to get it approved. Working with you bank can be tricky and it might take awhile. Banks aren't know for their speed in processing a short sale transaction. You must be patient and be willing to play the game with them. (Short Sale Information)

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Common Questions and Answers About the Foreclosure Process and Deficiencies

It is not bad enough that you may have or already have lost your home to a foreclosure process, but you may not be out of the woods yet with deficiency notices and taxes due on forgiven mortgage balances. Here are some common questions... You may be forgiven on the taxes if your foreclosure was on a primary residence but there are some stipulations for this. (More info on Foreclosure Deficiencies)

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What is FHA Secure and How Do I Qualify?

The FHA Secure Loan Program was launched in the fall of 2007 in an attempt by the U.S. Government to ease the increase number of foreclosures in the U.S. housing market. Although it is a good option for some folks, unfortunately it will not help enough people to improve the housing market. (click for Full Story)

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Buying Properties in Foreclosure - Tips To Help Get a Great Deal

A great opportunity for those who are looking to buy a new home is to look at buying a foreclosure property. Tips on how to buy a home in foreclosure. If you know these tips you might be able to negotiate an even better deal.(click for Full Story)

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Steps of Foreclosure - Early Steps Prevent Foreclosure

If you are getting behind in your mortgage payments and foreclosure is on the way then take action early. 6 tips to prevent foreclosure are given in this article. (click for Full Story)

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Foreclosures & Short Pays And How It Affects Your Market Value

Did your neighbor, ex neighbor's, house sell for way under market due to a short sale, or a foreclosure sale? How does this affect the value of my home? (click for Full Story)

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How To Spot a Foreclosure Rescue Scam

Foreclosure Rescue, or bailout, programs work for some folks, but there are some bad folks out there who do not care about you, they only want your money. They will do whatever they need to do to get it. How Do I Recognize Foreclosure Rescue Scams? (click for Full Story)

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The Tactics of a Foreclosure Rescue Scam Artist

Did you get a ARM loan that is now adjusting and you are getting behind on your mortgage payments? Do not go from bad to worse. Be on the lookout for the foreclosure rescue scammer who wants your home and your money. How Do I Know If I Am Getting Scammed? (click for Full Story)

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