Here is Some Information Which May Help You Avoid Foreclosure on Your Home While Preserving Your Credit and Letting Your Stay in Your House

HUD's Article: Help for Homeowners Facing the Foreclosure of Their Home "... If you have been laid off or are facing unemployment, you can keep your home - - if you know the right steps to take. The Department of Housing and Urban Development/Federal Housing Administration, the Department of Veterans Affairs, the Department of Labor and the mortgage industry have worked together to produce important basic information - - and key links to local groups and organizations - - that can help you get through difficult times without losing your home...."

This HUD article goes on to recommend the following steps to take when you find yourself unable to pay your mortgage:

• Contact Your Lender NOW!
• Talk To A Housing Counseling Agency
• Prioritize Your Debts
• Explore Loan Workout Solutions
• Are You Eligible for Disaster Relief/Military Options?
• Beware of Predatory Lending Schemes
• Frequently Asked Questions
• Try Other Resources

Suze Orman on Five Ways to Avoid Foreclosure She covers 1) refinancing 2) mortgage relief 3) forbearance 4) loan modification 5) short sale

Tips for Avoiding Foreclosure "... Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them?

• Don't ignore the letters from your lender
• Contact your lender immediately
• Contact a HUD-approved Housing Counseling AgencyToll FREE (800) 569-4287
• TTY (800) 877-8339

Lenders Who Have Partnered with The Federal Government Which May Help Your Refinance Your Loan

Help for Homeowner Lenders "... The federal government and the mortgage industry have partnered to assist those homeowners who have been negatively impacted by recent changes in the economy, or are concerned about the future. The mortgage lenders listed below are voluntarily participating in this special effort. If your lender is listed here, you can help protect your home by contacting them immediately!..."

Other Sources of Assistance and Counseling in Avoiding Foreclosure

Homeowner Crisis Resource Center "... Homeowners who want to avoid foreclosure or are concerned about their ability to make their mortgage payments can receive immediate assistance by finding an NFCC-certified housing counselor..."

HopeNow.com "... an alliance between HUD approved counseling agents, servicers, investors and other mortgage market participants that provides free foreclosure prevention assistance..."

Foreclosure Prevention Resource Center
"... Foreclosure happens for many reasons, and most are beyond anyone's control: death, sudden illness, divorce and maybe most common -- job loss. Other factors, such as complex loan terms, can contribute, but regardless of the reason, foreclosure often can be prevented.... Click here to visit the Foreclosure Prevention Resource Center to learn about the foreclosure process and borrower options.

Avoiding Foreclosure Video "... Avoiding Foreclosure" is a consumer education DVD that introduces you to four clients who found themselves in mortgage trouble for different reasons and sought assistance from an NFCC-certified housing counselor.,,, This DVD is free of charge and a public service offered by the National Foundation for Credit Counseling...."

AllieMae's Article on Foreclosure and Alternatives to Foreclosure "... When you miss your mortgage payments, foreclosure may occur. This is the legal means that your mortgage company can use to repossess (take over) your home. When this happens, you must move out of your house. If your property is worth less than the total amount you owe on your mortgage loan, your mortgage company or HUD could seek a deficiency judgment. If that happens, you not only lose your home, you also would owe your mortgage company or HUD an additional debt. Foreclosure or a deficiency judgment could seriously affect your ability to qualify for credit in the future. So you should avoid it if all possible! ... Don't ignore letters from your mortgage company. If you are having problems making your payments, contact your mortgage company immediately. Explain your situation. Be prepared to provide them with financial information, such as your monthly income and expenses. Without this information, they may not be able to help. Stay in your home for now. You may not qualify for assistance if you abandon your property...." Click Here for the rest of this excellent article on avoiding foreclosure... including some alternatives to foreclosure which you may have.

TheLivingWeb.net eBay Auctions iPod Auctions iPhone Auctions HDTV Auctions Laptop Computer Auctions Digital Camera Auctions Toyota Prius Auctions Luxury Watch Auctions Gold Bullion Auctions Golf Equipment Auctions Home and Condo Auctions Wii Game Console

News About Foreclosures

U.S. Government is taking steps to help people keep their homes

Homeowner Affordability and Stability Plan: Executive Summary  "...

Read the Homeowner Affordability and Stability Plan Fact Sheet HERE

Read Support Under the Homeowner Affordability and Stability Plan: Three Cases HERE

The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout the country. 

Refinancing for Up to 4 to 5 Million Responsible Homeowners to Make Their Mortgages More Affordable A $75 Billion Homeowner Stability Initiative to Reach Up to 3 to 4 Million At-Risk Homeowners Supporting Low Mortgage Rates By Strengthening Confidence in Fannie Mae and Freddie Mac

CLICK HERE for information about the rest of the plan.

Best Places to Get Low Cost Mortgages and Real Estate Loans

If you are looking for ways to put cash in your pocket to pay off your debts, then you might want to shop around for the best refinanced mortgage deal. Once you've secured your mortgage, you can start accelerating payment on THAT new mortgage by using the techniques described above.

Why pay exhorbitant interest rates on high credit card balances. Why not use the equity in your home to pay off your high interest credit card debt... then ACCELERATE payment on that loan by taking the money you've saved on your credit card payments and paying extra each month on the principle of your new home loan. Not only could you wind up with a much better deal on your mortgage, but your credit rating could improve substantially in the process.

Refinance up to 97% with a Government Backed Secure FHA Loan "... You can refinance up to 97% of your home value. FHA even offers up to 95% cash-out, the highest amount of any our home loans! This amount is changing soon. Take advantage of this high cash-out amount before it goes down when FHA guidelines change. Our mortgage application and processing uses exclusive technology that cuts the headaches out of getting an FHA loan. We even offer online document signing!..."

How to Avoid
Foreclosure Rescue Scams

Foreclosure 'Rescue' Scams ".. Foreclosure rescue scams usually revolve around heavily promoted deals supposedly designed to save the homes of people facing foreclosure - those who have fallen behind on their mortgage payments. They proclaim to "save your home" or "pay your mortgage," but in reality generate a quick profit for the scam artist or strip away the value of your home with no benefit to you. Scam artists can evict you from your own home and then sell it on the open market.... " CLICK HERE for more information on how these foreclosure rescue scams work and how to avoid them.

Protect Yourself from Mortgage Fraud

YouTube Video on Foreclosure Prevention Fraud See how con artists can PRETEND to help you avoid foreclosure, when in fact they are literally STEALING your house and pocketing the profits.

Foreclosure 'Rescuers' Guilty of Mega Fraud