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Foreclosures & Real Estate Article Category 

Articles about or concerning Foreclosures, Avoiding Foreclosure, Short Sales, Foreclosure Deals, Bank Foreclosure Properties, Sheriff Sales, Buying A Foreclosure Home, Locating Foreclosed Properties.
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Important Thoughts About Loan Modification For Foreclosure

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 Darlene Gremlek (January 15, 2009)  Were you not smart? You got yourself into a home mortgage deal on your own initiative, without the intervention of a mortgage expert and saved yourself a bundle of money. Or did you, because now the loan transaction that you earlier availed of is haunting you and you are now have to face the consequence of foreclosure. What Really Happened? So now you read the literature and the .. (Foreclosures)

The Impact of Foreclosures on Secondary Homes For Sale

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 Kevin Simpson (January 14, 2009)  Real estate business activity is one, where the minimum saving or loss in a home sales deal would amount to thousands of dollars. People buy or sell a housing property not everyday and for most of them it is one-time-in-life affair. So unless there is dire necessity to part with their home, no home owner in his or her prudence will put their property in the market for sale. There is .. (Foreclosures)

Buyers - Are You Looking For a Foreclosed Home Or One Going Into Foreclosure?

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 Jaime Tineo (January 14, 2009)  There are hundreds if not thousands of foreclosed homes in your market today. Sometimes there are deals to be had and sometimes there are not. I get the impression that most buyers/rookie investors do not know the difference between a pre-foreclosure and a foreclosure. Simply put, a pre-foreclosure is the situation where the homeowner is a couple of months behind on the mortgage .. (Foreclosures)

REO Properties - What Happens to "Old" Foreclosures?

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 Mike Carraway (January 14, 2009)  A bank or mortgage company forecloses on a property. After a few months of legal hassles, the lender finally gets clear title to the property and hires a local real estate agent. Of course, the lender, at this point, wants to try and recover almost all of the money lent on the property. 6 months or a year go by and this period is full of price reductions and repairs to the property. .. (Foreclosures)

End to Foreclosures in Sight

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 Mark Hodges (January 14, 2009)  A quick search of foreclosures in the Los Angeles area of Southern California last week showed 1,220 homes listed in 24 hours. While that seems like a high number it is not a record and sadly it is almost becoming an average number of listing. Now we did see a slow down in foreclosures starting back in November when all the banks and lenders started putting a freeze on their .. (Foreclosures)

Foreclosure - Have They Made it Harder For You to Sell Your House

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 Mark Hodges (January 14, 2009)  With so many foreclosures on the MLS, Multi-Listing Service, one has to question if the comparables used in the real estate market has been messed up because of them. As many homeowners know, the value of your home is based partly on the price of what other homes in your neighborhood have sold for. These are called comparables. Lenders use comparables when a house is bought to ensure .. (Foreclosures)

How to Start a Foreclosure Cleanup Business "On the Cheap"

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 Yuwanda Black (January 14, 2009)  There are some definite costs to starting a foreclosure cleanup business. It's not one you can start with no money - and don't believe anyone who tells you otherwise. But, costs can be mitigated. Following are some concrete suggestions on how to start a foreclosure cleaning business “on the cheap. " 3 Concrete Suggestions for How to Business Cleaning Foreclosures Cheaply Rent .. (Foreclosures)

Foreclosures Are Losing Appeal Among Buyers

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 John E. Angel (January 14, 2009)  The real estate market continues to show signs of fatigue as home values drop and foreclosures rise yet another month. For many real estate professionals and sellers it seems odd that with eager sellers and low home prices there isn't more activity in the market. . . especially with foreclosure sales. Many economists predicted that foreclosures would sell a lot faster than regular homes . (Foreclosures)

How the Current Economy Can Work For You With Loss Mitigation Training

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 D. S. Smith (January 14, 2009)  Of course you know of the economy's woes, but maybe you haven't considered how you could profit in this economy by some clear loss mitigation training. Now before you think of being harsh, suggesting that someone profit from the misfortune of others, please be aware that a loss mitigation business can be of great service to any community. -You can help families -You can save people's .. (Foreclosures)

Saving Yourself From Sub-Prime Mortgage Foreclosure

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 Daniel P Elliott (January 14, 2009)  Homeowners are now losing their homes to foreclosure at an alarming rate never before seen. The cause of this is due in large part to the banking industry themselves by offering “too good to be true" adjustable rate loans to anyone that was able to sign with a pen. These attractive loans were offered to potential borrowers without foresight and these borrowers did not recognize .. (Foreclosures)

Loan Modification - The Panacea For Foreclosure Worries

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 Joel Owens (January 14, 2009)  In a nutshell, loan modification is an agreement between a mortgagor and lender to re-evaluate and reinstate terms and conditions of the loan. The main goal of this negotiation is to reduce the monthly payments that the borrower can afford. This is considered to be a better solution to avoid the mortgage loan predicament from escalating to foreclosure. Loan modification benefits both .. (Foreclosures)

Housing Counseling - The Best Option For Homeowners Facing Foreclosures

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 William Hauselberg (January 13, 2009)  A home is a family's refuge and valuable investment. It's where they seek shelter in times of difficulties and share their dreams and triumphs as well as create great memories together especially on special occasions. This is the reason why when a house gets sold or is facing foreclosure, most families get devastated. Many homeowners today who find it hard to cope with their mortgage .. (Foreclosures)

Families Lose Their Homes to Foreclosure

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 Kevin Simpson (January 13, 2009)  For most normal families, their home is their most prized asset. However in these times of economic crisis, many families are losing their most prized asset to foreclosure. US foreclosed homes are on the increase and it does not look as though this trend is about to stop any time soon. Protecting your most prized asset and your credit rating from foreclosure should be one of the most .. (Foreclosures)

Considering a Real Estate Short Sale

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 Nick Neil (January 13, 2009)  Real estate short sales occur when the loan balance of a property is higher than the appraised value of the real estate. While not all banks do real estate short sales, most banks are willing to take on this transaction. Thus, you have to look for a bank or a lender that is willing to take on the transaction in order to complete the real estate short sale. You can start things off by .. (Foreclosures)

Stop Mortgage Foreclosure - Plan Your Escape

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 Kelly Mcintosh (January 13, 2009)  There are literally thousands of people looking to stop mortgage foreclosure today. The country is in economic turmoil. Jobs are being lost daily. Entire neighborhoods are becoming vacant do to the immense number of foreclosures taking place today. Sadly, a lot of those foreclosures could be prevented. If you are facing foreclosure, there is help. In fact, at no time in our history has . (Foreclosures)

To Save Foreclosure, Face the Problem

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 Kelly Mcintosh (January 13, 2009)  There are a lot of people looking to save foreclosure from happening to them, but they are too afraid to take any action. If this is you, keep reading. There is hope, and there is a way out of foreclosure. You cannot avoid foreclosure if you do not face the problem. All to often, and I have seen it hundreds of times; people just ignore the fact that they are going to lose their home. .. (Foreclosures)

Vacating Properties is Not Right No Matter What

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 Prudence Wong (January 13, 2009)  There are several homeowners who after feeling that they won't be able to afford their home anymore, take the decision of leaving it vacant. There may be several reasons behind this decision of theirs. The bank may be giving them call or they think that moving up will let the bank take back the house faster or they have got another place for living. When there is a foreclosure on your .. (Foreclosures)

Bank Owned Homes - Find a Buyer!

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 Kevin Simpson (January 12, 2009)  Losing your home to the bank in the US has become a daily occurrence; this is because foreclosures have reached the highest level seen in the past fifteen years. Bad lending practices, increases in interest rates, unemployment and many other external factors are responsible for this state of affairs, and it does not appear that this is going to change at the present time. Bank owned .. (Foreclosures)

Strategies on How to Avoid Foreclosure

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 Kevin Simpson (January 12, 2009)  Making your monthly mortgage repayments when life is sailing along smoothly is hardly even a matter that is thought about. But many US households carry far too much credit debt in these times, and even the smallest crisis can cause a property owner to run off the rails and be unable to afford his or her mortgage repayments. When a crisis does occur, no matter how small and it causes the . (Foreclosures)

How Mortgage Foreclosure Affects Tenants

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 Kevin Simpson (January 12, 2009)  In today's world of mortgage foreclosure the needs and the requirements have changed. The renters will check the financial background on the landlords that provide the property on loan. The mortgage lenders would force the homeowners to foreclose their property as soon as possible. The tenants are ready to take this property and pay the required loan to the owners of the property. You .. (Foreclosures)

How Does Home Foreclosure Work?

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 Nicholas Hunt (January 12, 2009)  In today's faltering economy, homeowners are facing foreclosure in increasing numbers. With mounting debt, rising unemployment rates, and lack of accessibility to credit, many families are falling behind on their bills and are eventually left with no option but to default on their mortgages. With home foreclosure a predominant topic in the news, it is important to understand what .. (Foreclosures)

Understand How to Buy Foreclosures Prior to Deciding to Invest

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 Karen Bellas (January 12, 2009)  Interested in investing in a foreclosed real estate? Be sure to start with a good grasp of applicable state laws and guidelines. To begin with, a home has a chance of going into foreclosure when the owner misses some of their mortgage payments. Missing payments alert the lender to send out a default notice. The homeowner has a specific amount of time to catch up and if prescribed .. (Foreclosures)

Know More About Foreclosures

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 Kevin Simpson (January 12, 2009)  Planning to buy your dream home and falling short of cash? In such situation, foreclosed homes are the best real estate solution that comes at affordable price and makes sure you get the dream home of your choice. For a first time investor who wishes to invest in affordable homes, it is essential to know more about foreclosure process in detail. Under the foreclosure, the immovable .. (Foreclosures)

How to Stop the House Repossession Process

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 Mark R Jenkins (January 12, 2009)  Step one of the home repossession process: If you miss two or more mortgage repayments, your mortgage lender is legally entitled to kick off the repossession process. But before they call on the legal system, their internal debt management department will get in touch. They will try their best to advise you, finding the cause of the problem and suggesting practical solutions. If they .. (Foreclosures)

Foreclosure and Short Sales - 4 Steps to Getting Them Done Right

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 Ben Janke (January 12, 2009)  In today's foreclosure rich real estate market is very essential that you understand the numbers and the stats of your market. Even though prices are lower than they have been in years, it is still easy for buyers to make big mistakes that cost them in the long run. Here are 5 tips to help make sure that you are making a great move. Research the area: Have to put together the detailed .. (Foreclosures)

Short Sales - Tips and Tricks to Getting Them Closed

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 Ben Janke (January 12, 2009)  When you're looking to buy a short sale property there are a few hurdles that you're going to have to overcome to get the deal closed. A lot of those hurdles do not include the buyer for the buyer's agent but deal directly either with some wonder or with the listing agent. If the listing agent does not price the home correctly in the first place, or does not have strong negotiation .. (Foreclosures)

Short Sales - How to Find Them

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 Ben Janke (January 12, 2009)  People always ask me how they can find the best and most accurate information on shore sales in their area.   Most of the information for shore sales is held by the local real estate association and most of that data is available to the public.   However, short sale information is not always displayed in the public listings.   Many of them MLS systems now have in place a specific .. (Foreclosures)

How to Stop Foreclosure

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 Kerminder Singh (January 12, 2009)  Deal with the facts, when it comes to stopping foreclosures. The reason behind the prospect of your homes facing foreclosure is very simple. Your finances are not in good shape and this has led to a situation in which you might just lose your home. However, we have used the word ‘might’ meaning there are ways to stop foreclosures. What's more you really don't have to look .. (Foreclosures)

Loan Modification Help Needed Immediately For Millions of Homeowners

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 Susan V. Gregory (December 24, 2008)  For close to 2 million American homeowners, loan modification help cannot arrive fast enough. Faced with unaffordable mortgages, borrowers are struggling to find a way to stay in the family home and avoid foreclosure. Lenders and servicers are simply not prepared to handle the staggering amount of applications from borrowers seeking a loan workout. Unfortunately, this is just the .. (Foreclosures)

Tax Foreclosure Sales - A Good Alternative to Traditional Real Estate

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 Kevin Simpson (December 17, 2008)  There are many websites online where you are able to find tax foreclosure sales listings. These websites specialize in the business of informing potential buyers where they kind find tax foreclosure sales and in many instances contain the details of houses that are up for sale in this marketplace. Property is able to be searched by state county and city, and if you are in the market to .. (Foreclosures)

Foreclosure Relief - Lenders Want to Help

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 Kevin Simpson (December 16, 2008)  The challenges being experienced by many home owners who are experiencing the foreclosure process should never be ignored, and home owners need to understand that lenders also understand this and want to help. There is foreclosure relief available and it is likely that your bank or lender has helped others in the same situation. One of the chief reasons for foreclosure is the fact that .. (Foreclosures)

Tips For Buying Bank Foreclosure Houses

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 Kevin Simpson (December 16, 2008)  Banks avoid having to keep the foreclosed houses. Banks would try to sell the property and would try to recover the loss that was made by the bank. They would try to get rid of it as soon as possible. The most important benefit of buying foreclosed property is that the price of the property is low as compare to the market price of the property. The following tips would aid you to buy .. (Foreclosures)

Foreclosure Needn't Now Be the Rule - Loan Modification Programs

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 Lana Surmanek (December 16, 2008)  Denial or procrastinating won't save your home, as acceptance of the situation and locating the options available is the only sure path to take here. You have a short time to understand your problem and the possibility of facing foreclosure. A loan modification is the best way for you to keep your home, based on a plan you and your lender can come up with working around your financial .. (Foreclosures)

Foreclosures by State - Different Regulations Apply

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 Kevin Simpson (December 15, 2008)  Nationally the basic rules and regulations of the foreclosure process are very similar, but these do vary slightly from state to state and from county to county. It is because of this fact that anyone wanting to purchase a property under foreclosure needs to have some understanding of the laws that apply in the state they are intending to purchase a property in. For instance the .. (Foreclosures)

When Defending a Foreclosure Lawsuit, You Need More Time - Here's How to Get It

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 Nick Adama (December 15, 2008)  Time is the most critical factor in any foreclosure proceeding. Homeowners never seem to have enough of it, and every solution to the problem takes too much of it. And all the while, the bank is accelerating fees and charges as time goes on, while its attorneys file one motion after another with the court to push the foreclosure through as quickly as possible. This is why borrowers who .. (Foreclosures)

Is the Bank Suing You, the One That Owns Your Loan? Did They Violate Truth in Lending Guidelines?

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 Nick Adama (December 15, 2008)  Homeowners researching their options for stopping foreclosure in the court system can get bogged down in dozens of different defenses. From the note not being attached to the complaint, to constructive fraud, to to violations of state and federal racketeer influences and corrupt organizations acts (RICO), borrowers may feel overwhelmed at all of the various positions to raise in their .. (Foreclosures)

Have the Bank's Foreclosure Lawsuit Dismissed If it Doesn't Have a Case

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 Nick Adama (December 15, 2008)  Once homeowners defending their home against foreclosure in court have received additional time by filing a Motion for Extension for Time, the next step is to begin researching their options for the actual defense. But if the bank has committed certain errors in attempting to establish their ability to sue at all, borrowers should hold off on filing their answer until a Motion to .. (Foreclosures)

Mortgage Foreclosure Process - How You Can Beat it and Stay in Your Home Payments-Free

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 Alfred Sant (December 15, 2008)  Lately, many of my readers have been writing me about one question that always seems to be in the head of homeowners facing the possibility of foreclosure; is about the mortgage foreclosure process, how does it work? Foreclosure can be an intimidating and scary process, so it is important to understand the steps and course leading up to this event. If you are serious about saving your .. (Foreclosures)

Foreclosures For Sale - Why Not Buy a Fixer Upper?

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 Kevin Simpson (December 14, 2008)  With so many foreclosures for sale in the US today, the thought of buying a fixer upper might not have crossed your mind. However, making savings on foreclosures for sale is one thing, but making even more savings on a fixer upper that is a foreclosure for sale will mean even greater saving. And let's face fact, with all the foreclosure proceedings going on right now we would not want .. (Foreclosures)

Avoiding Losing Your Home Through Debt

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 Nicholas Hunt (December 14, 2008)  The process of not losing your home because of debt, really should begin when the homeowner first purchases a home. Considering how much money is coming into the household against what will be required to be going out (with the addition of a new mortgage), getting the best interest rate and being aware of how the interest rate, insurance and other factors could cause the mortgage .. (Foreclosures)

Stop Foreclosure Refinance and Save Your Home

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 Tom Turner (December 14, 2008)  There are workable solutions that you can take to stop foreclosure refinance and lower your payments in order to stay in your home and save your mortgage. With the ever increasing surge in foreclosures these days it's actually becoming much easier to save your home from having to be refinanced. This article will look at a couple possible suggestions for you. Before you go to the .. (Foreclosures)

Short Sale Or Home Loan Modification, You Decide!

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 Tucker McDaniel (December 13, 2008)  What is a short sale? It is the sale of a home at the market value, not the principle balance of the contract. The process can be unbearable for the buyer and for the seller. If you are choose this process keep in mind that amount of work that it is going to take. With the lender losing money on a short sale, this isn't the process that they are willing to take on; most lenders won't .. (Foreclosures)

Stopping Foreclosure Effortless, Quick and Free

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 Alfred Sant (December 13, 2008)  Stopping foreclosure is an everyday struggle for millions of American families. Many people are quick to blame this on adjustable rates kicking in; however the real reason is not the rates, but the fact that during the last two years the cost of living has skyrocketed. In addition, during this same time period, middle class income rates have actually declined. This means many families .. (Foreclosures)

The Use of a Hardship Letter to Stop Foreclosure - Does it Work?

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 Alfred Sant (December 13, 2008)  There are many important letters that you should submit to your lender. Among these, the most important is a hardship Letter to stop foreclosure. This is important for many reasons, if you want to be able to communicate or change things with your lender. These reasons are a loan workout, short sale, deed-in-lieu of foreclosure, forbearance agreement, or any other foreclosure solutions. . (Foreclosures)

Why Sell Pre Foreclosure Properties

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 Carolyn Langlois (December 13, 2008)  In today's economy, more and more people are facing money problems. Sometimes these problems are so severe that mortgage payments can't be met. When this happens, there is a strong possibility of foreclosure occurring sooner rather than later. If you are concerned that you may be facing a foreclosure, you might want to consider selling your home. Before homes enter foreclosure they are .. (Foreclosures)

How to Stop Home Mortgage Foreclosure Easy, Quick and Free

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 Alfred Sant (December 13, 2008)  Jobs continue to disappear and once stable companies are closing or facing bankruptcy. Every day, thousands of people are getting laid off and homeowners are wondering how to stop home mortgage foreclosure. Conditions seem to worsen weekly and more and more homes are lost. Home prices are in a downward spiral and foreclosures do nothing except drive the prices even lower. It is .. (Foreclosures)

Avoid Home Foreclosure

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 Richard Brewer (December 12, 2008)  There can be many reasons that families are facing foreclosures, job loss, job demotion, illness, death in the family, adjustable rate mortgages, and excessive debt. The most important thing that you need to do is communicate with your lender and find out what options you have. They could be loan modification, suspension of the loan, add payments to the back end of the loan, and give .. (Foreclosures)

American Housing Rescue and Foreclosure Prevention Act, Real Help Or a Tremendous Joke?

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 Alfred Sant (December 12, 2008)  A piece of Legislation called: American Housing Rescue And Foreclosure Prevention Act was passed months ago by the U. S. Congress and signed for President George Bush. Many of my subscribers have been asking me to explain this Act a littler bit in plain English, so they have an idea what it was all about. This is the article I wrote for them. The United States House of Representatives, . (Foreclosures)

How to Avoid Foreclosure and Keep Your House

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 Laura Rucker (December 12, 2008)  A foreclosure proceeding is not just losing your property but also includes huge fees for lawyers, court fees and procedural expenses. There are plenty of reasons why one should try and avoid a foreclosure proceeding on their property. You can legally put an immediate stop to the foreclosure proceedings by either filing a restraining order, suing the lender or by challenging the .. (Foreclosures)

Writing a Hardship Letter For a Home Loan Modification

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 G Allen Tucker (December 11, 2008)  One piece of documentation that all lenders are going to be asking for when applying for a home loan modification to avoid foreclosure is a hardship letter. A hardship letter is a handwritten letter stating the reason why you fell behind on your current mortgage. This isn't the opportunity for you to complain about the lender, this is the opportunity for you to state your case. I .. (Foreclosures)




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