Archive for the ‘after foreclosure’ Category

After Foreclosure Strikes, Life Can Begin Anew

Thursday, June 27th, 2013

After Foreclosure Strikes Life Can Begin Anew

Many people have been losing their homes to foreclosure for various reasons. Banks wrongfully foreclose on homeowners and many can’t afford to pay their mortgage payments due to the failing economy. Recently, there was a case where poor homeowners were receiving aid from lending institutions through the granting of equity loans and modified mortgages.

Unfortunately, many people did not understand the terms of the deal they agreed to. A few major banks wrongfully foreclosed on the homeowners by not accurately processing their papers. Many homeowners also weren’t made aware of programs through which they could receive compensation for the wrongs done to them.

Even if you go through foreclosure, however, you can still live life and even find another house again. A couple in Palmdale, California named Susan and Dave Edwards gave their property over to the bank and they stopped paying their mortgage; this was about three years ago.

It was very hard for the couple to walk away from their home and they both reported feeling embarrassed. Unfortunately, their house’s value had dropped from $340,000 to $180,000.

After things happened, their credit score suffered and they had to rent out an apartment. Both of them were unsure if they ever wanted to purchase another home or even if they could.

Dave, who was in the army, was sent to Korea during the Vietnam War and he left his wife Susan back in California. While he was gone, Susan found out about a program called the Veterans Administration home loan program. Although she wasn’t entirely sure it would work, there was some home for them once again.

When he came back from Korea, Susan and her husband applied for the program and, thankfully, were approved for a loan. The house they own today is $163,000 less than their old one and in the same area. The interest rate on

their mortgage loan is about 3.25% and each month they pay $1,500.

 

Do you have a Real Estate blog? .

has a comprehensive, searchable database of foreclosures in areas like , , , and in the whole country. Try to search today!

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After Foreclosure!

Friday, September 21st, 2012

Foreclosures are still an issue across the nation, so it’s worthwhile to include new(er) resources in case you are having trouble with your home mortgage or if you are recovering from foreclosure.


A looming issue now is for families who lost their foreclosure three or more years ago; if the bank did not take the property back by filing the proper documentation, your name may still be on the home loan and you will have difficulty moving on. There is , but there are steps necessary to take at the initial foreclosure stages; most of these steps are NOT told to you.

Where to Get Help

If your lender has been non-cooperative or has taken your property without first negotiating, file complaints with the following. Note, many of these are for California, our home base. Each state has its own equivalent and generally a search of the internet will turn these up for you:

  • Marin County District Attorney. Consumer Protection Unit: (415) 499-6495
  • California Department of Corporations : Regulates Mortgage lenders and servicers, mortgage loan originators, escrow agents
  • www.hud.gov (U.S. Department of Housing and Urban Development)
  • www.makinghomeaffordable.gov:
  • Consumer Action, San Francisco:

It’s probably clear to everyone now that America’s

banks are not managed very well and are working with untrained (or undertrained) staff.

Credit errors, unfortunately, go against you, the consumer, NOT the banks or other lenders. It is up to the consumer, unfortuntely, to keep this all straightened out because, unfortunately, in the world of credit, you, the consumer, are “guilty until proven innocent” and you have to prove your innocence or live with black marks on your credit reports.

After suffering from a poor credit report for years, Mark Clayborne went on a mission to study everything he could on restoring his credit. Concluding the extensive research, he repaired his credit report and learned various hidden secrets on how to improve a bad credit file. Because of this new found tested knowledge, Mr. Clayborne helped over a hundred consumers repair their credit and take their financial life back.
Now, he wants to share these strategies with the world and as a result Credit Repair Secrets.
was created which has sold over 2000 copies of the soft copy and 15,000 downloads of the kindle version. Mark is the CEO of Self-Credit Repair Learning Center and The VIP Credit Repair Club. He is also a certified credit consultant and an author with over 150 articles written in the area of credit repair. He also has a successful radio show titled “Who Else Wants Better Credit.” Mark educates his customers through articles, videos, his blog and various credit repair kits. He graduated from Virginia Commonwealth University with a Bachelor’s Degree in Criminal Justice. He also holds a paralegal diploma.

Caution: Definitely clear up your credit, BUT have a plan. Do not fall back into any old patterns that dropped you into a downward credit spiral. It is not worth it. Use credit wisely, not for everyday expenses or desires.

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was created which has sold over 2000 copies of the soft copy and 15,000 downloads of the kindle version.

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