How To Stop Foreclosure Now By Telling Your Bank To ‘Produce The Note’

Foreclosures are skyrocketing; families are being forced from their homes and in many cases, the banks forcibly kicking families out of their homes, do not have the legal right to do so! In fact, banks across the Nation are foreclosing on homeowners with no proof that they even have the right to take a payment from these homeowners whom they are foreclosing on!

Presidents of Regional Fed Banks Warn Unemployment to Stay High

In recent, separate speeches, the Presidents of the San Francisco and Atlanta regional Federal Banks said essentially the same thing. They confirmed the recovery is weak (what recovery?), and this will result in continuing high unemployment for a considerable time to come.

7,000,000 More Foreclosures Coming – Banks Ready to Foreclosure on 7 Million More Families

According to the analysts at Amherst Securities Group that there are seven million foreclosures that banks are likely to take over in the coming year.

Foreclosure Mediation Does Not Work – Loan Modifications Less Likely To Happen

Watch out, everyone. Your sneaky politicians are at it again!

I just read a great article in the Wall Street Journal. It was based on a report put out by the National Consumer Law Center. The National Consumer Law Center is a non-profit advocacy group that advocates for low-income Americans. What they did was they reviewed 25 different mediation programs in fourteen different states.

Deed in Lieu of Foreclosure or Deed in Lieu

A Deed In Lieu (DIL), which is the term commonly used for Deed In Lieu of Foreclosure, is a home disposition option in which a mortgagor voluntarily deeds collateral property (their home) in exchange for a release from all obligations under the mortgage.

An interesting misconception about a DIL of foreclosure is that many people feel they can just give the home back to the bank at any time, without meeting any qualifying criteria. This is not true.

Stop Foreclosure Now – How To Do It Yourself

All of the banks and servicing companies have a Loss Mitigation Department. It is the Loss Mitigation Department that you really need to speak with when you’re at that point and time where a Notice of Default (NOD) has been filed.

Partial Payment To Stop Foreclosure – Will Your Bank Take It?

What happens when you try to make a payment after missing a few mortgage payments?