Avoid Foreclosure
Avoid Foreclosure
October 30, 2009
What can be done to avoid foreclosure?
I have an adjustable rate mortgage that Bank of America refuses to modify to a fixed rate. Currently I can afford payments but when interest rates rise we will be priced out of our home. Seeking advisement on what can be done to avoid foreclosure.
October 20, 2009
I want to avoid foreclosure
We are in foreclosure - we were just turned down for a loan modification. We have talked to credit counselors twice.
October 02, 2009
Does GMAC do Short Sale?
I am trying to do a short sale and GMAC offered the option of deed in lieu of foreclosure. Are there any alternative to suffering foreclosure? I want to avoid foreclosure without doing a bankruptcy and ruining my credit. I received their court documents earlier this week and don't know what to do.
How do I respond to my 20 day letter?
I have just been served a summons that I have to respond to within 20 days with a written answer. I don't know what I am suppose to do. I would like to stay in the house longer, but I simply cannot afford the payments. Bank of America is not helping me avoid foreclosure. I need a loan modification.
Who is Cenlar?
My loan was moved from Taylor Bean & Whitaker to Cenlar. I don't know anything about them. I sure hope they are better than TBW. I was trying to get a forbearance, loan modification, or some other repayment plan so I can avoid foreclosure. I don't want to do a bankruptcy and ruin my credit.
April 15, 2008
I can't afford the house but want to keep it, does that make any sense to anyone?
I make enough to pay 905 a month (my current mortgage payment); however, I have messed up bad and am now behind 5 months. This requires to me to pay ~ 5500 to bank to avoid foreclosure sale (dated May 5th, 2008). I do not want to sell the house or lose it. I want to live in it. Need help.
April 10, 2007
Do you have a Financial disease?
Foreclosure is a symptom of a disease... bad financial fitness. Not all but many people are in foreclosure as a result of bad financial decisions in the past.
April 05, 2007
If I file Chapter 7 Bankruptcy can I still keep my house?
If you file Bankruptcy there are some things you need to know. 1. If you file chapter 7 and want to keep the house you need to re-affirm the house with your Mortgage Company. 2. If you file Chapter 13 you need to maintain your normal house payment in addition to the Bankruptcy payment.
April 03, 2007
What is the foreclosure Timeline?
We have gone over what you can expect and how the Foreclosure process works… the question now is what is the Foreclosure timeline? We have put together a document that graphically takes you through the process. Click here to see the Foreclosure Timeline.
How does the foreclosure process work?
We get a lot of questions about how the Foreclosure process works… or what can I expect to receive from the Mortgage Company and when? We will try and walk you through the process to hopefully help you understand what is going on and what might happen.






