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The Great Depression - Is It Back? (Kindle Edition) newly tagged "home foreclosures"

The Great Depression - Is It Back?
The Great Depression - Is It Back? (Kindle Edition)
By Joseph Newburg

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Beat the Banks (Paperback) newly tagged "home foreclosures"

Beat the Banks
Beat the Banks (Paperback)
By Steve Dexter

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The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket (Paperback) newly tagged "home foreclosures"

The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket
The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket (Paperback)
By Stephen Elias

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First tagged "home foreclosures" by benboy "Conned-sumer"
Customer tags: foreclosure(25), mortgage(18), bankruptcy(18), real estate(18), short sale(15), credit(14), refinance(13), workouts(12), finance(8), law(2), bank(2), chapter 7(2)

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Home Foreclosures

   

Featured Home Foreclosures Article

Home ForeclosuresFor a permanent link to this article or to bookmark it for further reading, click here.

Banks Home Foreclosure Hardship Programs

by PersonalFinancialHelp.com

For banks, home foreclosure used to be an uncommon action, but in today's markets the number of foreclosures is increasing. As a result, many banks are establishing hardship programs to help stressed homeowners to stay in their homes. Due to the economy many homeowners are financially stressed, and become fearful of losing their homes if they can't pay their mortgages.

Many stressed out homeowners dealing with financial hardship may not know that there are banks home foreclosure hardship programs available. Many programs are built into their contracts that they aren't even aware of. If you are dealing with issues such as divorce, unemployment, lay offs, medical bills, or a sudden increase in your mortgage payment you may be experiencing a financial hardship. If you are experiencing financial hardship, contact your bank right away. Ask them about their banks home foreclosure programs. Your bank does not want to take back your property; however, to protect its interest, the bank will file a Notice of Default, because it stands to lose money if your home goes to a forced sale. Issues that concern banks, home foreclosure can seriously affect their investments.

For banks, home foreclosure hardship programs are necessary to protect their interests as well as the consumer's interests. Banks home foreclosure hardship programs allow the banks to offer to change the terms of your loan to make the payments more affordable. Your bank may be able to freeze the interest rate, so that it can't adjust to a higher rate; you may also be able to get your bank to spread out any missed payments. If you missed one mortgage payment of $1200, you would then be able to increase your regular mortgage payments by $100 for one year and that missed payment will have been recovered.

Before you miss your first mortgage payment, talk to your bank representative. Ask about their banks home foreclosure hardship program or policy. Their banks home foreclosure hardship policy may allow you to add one or two late payments onto the back of your loan, or you may be able to borrow on the equity of your home to catch up the payments.

If you want to stay in your home you need to try and prevent foreclosure before it starts. Never ignore any late statements from your bank. So many homeowners get into foreclosure because they did not communicate with their banks. They may have been laid off or lost their jobs, or suffered catastrophic illness. They might feel that there are no options available to them, but they will never know unless they communicate with their lenders. Some mortgages come with the option of insurance that protects the borrower's and the bank's interest if the borrower becomes unemployed. The payments will be made. A similar type of insurance may be included in a contract that protects the borrower in case of serious injury or catastrophic illness. For banks, home foreclosure hardship programs are a necessity to protect both the borrower's and the bank's interests.



Hgtv Dream Home Foreclosure Texas News

HGTV Dream Home Owner: "Foreclosure Proceedings Have Begun" - KLTV


HGTV Dream Home Owner: "Foreclosure Proceedings Have Begun"
KLTV
It's the beginning of what looks to be the end of quite a journey for Don Cruz and his family. When asked if the house will be foreclosed on Don Cruz replied, "Yes. It will be sold on the courthouse steps, the first Tuesday of January. All I know is we ...

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HGTV, "Property Brothers" stars on growing up and their dream home - CBS News


HGTV, "Property Brothers" stars on growing up and their dream home
CBS News
This piece originally aired on June 5, 2014. Twins Drew and Jonathan Scott are known to millions as the stars of hit programs on HGTV. On the shows, they help buyers renovate and create their dream houses, but they just finished building the home of ...

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Real estate in Las Vegas: It makes great television - Charleston Post Courier


Charleston Post Courier

Real estate in Las Vegas: It makes great television
Charleston Post Courier
Canadian twins Jonathan and Drew Scott had a four-part series last fall on HGTV called “Property Brothers at Home,” in which they renovated their Las Vegas house in time for a family reunion. They are filming season three of “Brother vs. Brother” in ...

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