Archive for the 'Foreclosure' Category
Mortgage Loan As A Harbinger of Foreclosure
–By Priya Jestin, Staff Writer
There’s one good thing about bad news – more often than not, it sends you some form of warning before arriving. No, I’m not joking. If you look hard enough, you’ll find a pattern just about everywhere – from natural storms to stock market crashes. Well, I’m dealing with neither but […]
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Prevent Foreclosure With A Chapter 13 Filing
– By Priya Jestin, Staff Writer
Did you know that a Chapter 13 bankruptcy is also called a wage earner’s plan? That’s because it allows individuals with regular income to develop a plan to repay all or part of their debts. Uscourts.gov reports:
Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. […]
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Hotlines, Counseling Aim To Stem Baltimore’s High Foreclosure Rate
Baltimore is witnessing a disturbing trend. Agreed, the number of foreclosures in the city dropped more than 8 percent over a four-year span. However, a new study shows that the rate of foreclosures compared to the number of homeowners in the city was almost twice that of Philadelphia. This trend has cost the city $1.8 […]
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The “R” Route To Avoiding Foreclosure
Foreclosure is a painful reality in America today. Growing numbers of families are now facing the imminent threat of foreclosure. But it need not be so. You could forestall foreclosure by resorting to certain steps. You will have to take your lender into confidence and try to work out a plan of action. Here are […]
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Avoid Foreclosure; Talk To Your Lender
Nearly 300,000 Americans lost their homes through foreclosure last year. And that is not the disturbing fact — Nearly half of these people never tried to even talk to their lenders! Delawareonline.com reports:
People in financial jeopardy often are embarrassed to talk about their problems. They don’t think their lender will help them, and some […]
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Foreclosure: Know Your Enemy
There’s one good thing about bad news – more often than not, it sends you some form of warning before arriving. No, I’m not joking. If you look hard enough, you’ll find a pattern just about everywhere – from natural storms to stock market crashes. Well, I’m dealing with neither but with something more closer […]
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Mortgage Bankers Worried as East Bay Foreclosures Rise
As home foreclosures continue to rise across the East Bay, with Alameda, Contra Costa and Solano counties, mortgage bankers can no longer suppress their concern. They are commissioning classes and producing publications to stem the rash of defaulted loans predicted for next year. Contracostatimes.com reports
Aside from the financial problems, many defaultees report a feeling of […]
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Innovative Solutions to Foreclosure Problems
Foreclosure has become a national problem now and just about anybody who can find a solution to this problem is encouraged and appreciated. In such an attempt, NeighborWorks America recently announced national honors for three organizations that have developed innovative and cost-effective approaches to preserve homeownership for families in jeopardy of foreclosure.
Montana-based Neighborhood Housing […]
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Is Your Home the Here Today, Gone Tomorrow Variety?
To reduce the number of foreclosures in the Taunton-Attleboro area, Massachusetts, Pro-Home Inc., a non-profit group is counseling homebuyers before they get into trouble. The group is trying to help homeowners facing foreclosure navigate their way through the crisis.
According to recent statistics, foreclosure figures in Massachusetts have shot up in the past few months. […]
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