Ok on March 15th I put down the first months rent and security deposit for a 2 br condo in a building with many other condos located in New Jersey.

Since then I’ve googled the address and found a sheriffs sale or foreclosure sale notice scheduled for public viewing on 4/08/09 so next week.

I asked my landlord about this and he says he’s in the process of restructuring his morgage and that this posting was an error.

I’m set to move in on June 15th and am a bit worried that if this property some how does get foreclosed on.. on the set date do I have a leg to stand on?

I have a copy of our lease and my bank account shows the check he cashed for the rent and deposit.

I understand that since I’m in NJ there’s a lot more of a chance my lease won’t be found void since theres already a lease in place.

My main questions are since this is in NJ if this place gets foreclosed on that shouldn’t effect my move-in in June right since NJ the lease is not voided because of foreclosure.

Also if for some reason the bank does become the new owner and I can’t move in would I still have a civil case against the landlord for the rent and deposit or is their a loophole for him since he’s no longer the owner?

Any information you could tell me would be much appreciated.

And I feel that I should mention that I do think this guy is honest and has never stopped communicating with me since I signed the lease. Is it possible that he really is restructuring his morgage and it won’t be foreclosed on even though the date is set for a week from now?

There’s really not much you can do. I don’t know the laws in New Jersey, but your landlord is supposed to give a tenant sufficient notice before the property is seized. Most certainly, he or she should not have taken on a new tenant without first taking care of the lien on the property. I’m not sure but I don’t think the bank or any new owner can evict you right away. I think they have to give you a 3-4 month notice.

Ask an attorney, but there is nothing you can do to your landlord. He is one of the hundreds of thousands of real estate owners that have defaulted on loans they hope to refinance. Good luck with that!

Almost a third of all property that is now on sale is owned by banks due to the rise in foreclosures and repossessions. Due to this continuation house prices are being pushed down and driving an expansion in this niche market. In the 2nd quarter of 2008 alone around 740,000 US homes entered into foreclosure. The number of US foreclosures has almost doubled over the years, especially due to the current economic situation.

The wave of foreclosures that has been and is continuing to sweep through the US comes in the wake of the sub-prime mortgage lending crisis. These issues could be the factors that end up destabilizing the US housing market and may also lead to further turmoil in financial institutions.

The biggest reason that people end up having to face a foreclosure is due to falling behind or failing to pay their monthly mortgage repayments. There are of course several reasons as to why this happens such as being laid off work or being fired, suffering an inability to continue working due to medical conditions, having excessive debt and mounting bill obligations and divorce as well as having a job transfer, which takes you to work in another state. Whatever the reason the consequences are sadly severe but now more than ever is the time to take action.

The concept of a foreclosure refers to a procedure that allows a lender to recover the amount that is owned to them on a defaulted loan by selling or taking ownership, which is known as repossession, of the property. So just how does the foreclosure process start? Well the way it starts is generally the same for most people. If a borrower/owner defaults on loan payments, which are generally mortgage payments the lender will then file a public default notice, which is known as a Notice of Default or Lis Pendens. Even though the way in which a foreclosure procedure starts is the same, it can end in one of four ways, which are as follows:

• The property is placed on a public auction at the end of the pre-foreclosure period and a third party buyer purchases the property

• The borrower or owner restores the loan by paying off the default amount during a period that is determined by state law; this period is known as the pre-foreclosure

• If the property is sold by the borrower or owner during the pre-foreclosure period; this sale allows the borrower/owner to pay off the loan and avoid having a foreclosure placed on their credit history

• If the lender takes up ownership of the property; this is usually done with the intent of re-selling the property on the open market. The way that the lender can take ownership is either through an agreement with the borrower or owner during pre-foreclosure or by buying back the property at the public auction.

If you are in the mist of facing foreclosure then it may be a good idea to speak to a real estate agent or a buyer specialist who will be able to advise you on anything that you are able to do to stop the foreclosure from happening and even if this isn’t the case they will be able to guide you through the process and help you get back on the property ladder. So get in touch with one today and start receiving the specialist help that could make all the difference.

MARK Z.
http://www.articlesbase.com/real-estate-articles/what-is-involved-in-a-foreclosure-707646.html

Today, everywhere you look, there are commercials, billboards and roadside signs by entities offering to help you prevent a foreclosure of your home. Known as Foreclosure Consultants, some, if not many of these services and the persons whom they employ may be acting in violation of the strict regulations in California which regulate this growing industry. Others, may be outright frauds and scam artists.

 

The focus of these foreclosure consultants is anyone who is behind on their mortgage payments, which is now estimated to encompass one out of every ten homeowners. However, those who seek to defraud the public have their focus especially on the elderly, the newly unemployed, those whose properties are entering foreclosure and those whose payments have recently spiked upwards.

 

If you’ve been the victim anywhere in Southern California of real estate fraud or the target of an unscrupulous loan modification service, foreclosure consultant or someone acting on your behalf to modify your mortgage or cure your problems who is in violation of the strict regulations discussed in this article, call the Law Offices of R. Sebastian Gibson at any of the numbers on our website at http://www.SebastianGibsonLaw.com .

 

If you are a licensed real estate broker or agent and have either been wrongly accused of being in violation of the laws and regulations governing loan modification services and foreclosure consultants, or acted as such without being aware of these strict regulations and need legal defense, we urge you to call us at any of the numbers which you can find on our website.

 

To help you wade through the regulations in California on such services, here are some of the most important regulations. Keep in mind, that there is some overlap between foreclosure consultants and loan modification services. For that reason, the laws and regulations governing both services are included.

 

California Civil Code Section 2945 regulates foreclosure consultants. There is an additional requirement with respect to loan modification services, as discussed below. As with many code sections, the restrictions are complex and many. But here are the primary ways in which foreclosure consultants and loan modification services are regulated.

 

First, no foreclosure consultant and no real estate licensee is allowed to collect any advance fees for services as a foreclosure consultant once a Notice of Default has been recorded against your property. California lawyers are exempt from this prohibition.

 

Second, even if a Notice of Default has not been recorded against your property, in order for a real estate broker to assist you in obtaining a loan modification, or to otherwise negotiate a possible resolution to your problem, the broker must have you sign an agreement that specifically states what services will be performed, when they will be performed and how much you must pay.

 

Third, a broker may not have you sign any such loan modification agreement until it has been submitted to the Department of Real Estate for review and the broker has received permission from the DRE to use it and collect an advance fee.

 

Fourth, licensed real estate brokers who provide loan modification services without collecting fees in advance are not required to receive the DRE’s permission so long as their services are fully completed before they are paid by you.

 

Fifth, foreclosure consultant contract must allow the homeowner the right to cancel the contract until midnight of the third business day as defined in Section 1689.5 of the California Civil Code.

 

Sixth, foreclosure consultant contracts must provide an additional notice to the homeowner in 14-point boldface type stating when fees can be taken and notifying the homeowner that the consultant cannot ask you to sign any lien, deed of trust or deed.

 

Seventh, it is a violation for the foreclosure consultant to claim, demand, charge, collect, or receive any compensation until after the consultant has performed each and every service the consultant contracted or represented he or she would perform.

 

Eighth, it is a violation for the foreclosure consultant to charge any fee or interest which exceeds ten percent per annum of the amount of any loan which the foreclosure consultant may make to the owner.

 

Ninth, it is also a violation for the foreclosure consultant to take any wage assignment, consideration from any third party, acquire any interest in the residence in question, take any power of attorney, induce the owner to sign other contracts which are not in compliance, or enter into an agreement to assist the owner to obtain surplus funds prior to 65 days after the trustee’s sale has been conducted.

 

Tenth, an action may be brought against a foreclosure consultant for any of these violations and judgment shall include actual damages, reasonable attorney’s fees and costs, equitable relief and exemplary damage of at least three times the compensation received by the foreclosure consultant. The foreclosure consultant may also be punished by a fine of up to $25,000.00 or imprisonment for up to a year or both for each violation.

 

The reason for these regulations are many. Foreclosure consultants have, in many cases, been found to charge high fees, require the payment to be secured by a deed of trust on the residence, and then have either performed no service or worthless services. Some foreclosure consultants have then been known to purchase the homes at a fraction of their worth shortly before the homeowner loses their home.

 

Additionally, some foreclosure consultants have required payment of exorbitant fees for services such as to obtain the remaining funds from a foreclosure sale when the homeowner could have obtained those remaining funds from the trustee of a trustee’s sale directly for minimal cost if the homeowner had sufficient time to receive notices from the trustee regarding how and where to make a claim for excess proceeds under Civil Code Section 2924j.

 

Among the services foreclosure consultants are known to offer, legitimate or otherwise, are to stop or postpone foreclosure sales, obtain forbearances from beneficiaries and mortgage companies, assist in getting reinstated, obtain extensions of time, obtain waivers of acceleration clauses, assist in obtaining loans and advances, avoiding or ameliorating the impairment of the owner’s credit, saving the home from foreclosure, and assisting in obtaining the remaining proceeds from the foreclosure of the residence. If a foreclosure consultant promises any of these services, he or she is bound by Civil Code Section 2945 discussed above.

 

If you are dealing with a loan modification service, even one with a contract which has been submitted to the DRE and the broker has received permission to use it and collect an advance fee, if the real estate broker does not follow the strict procedures for handling the advance fee as contained in California Business & Professions Code Section 10146, the agent will be presumed to have violated Sections 506 and 506a of the Penal Code and the homeowner may recover treble damages for amounts misapplied and shall also be entitled to reasonable attorney fees in any action to recover those amounts.

 

Representatives of foreclosure consultants must be bonded real estate licensees. Foreclosure consultants must also be bonded and registered with the California Department of Justice (and submit advertising and promotional materials) and the homeowner must be provided with written proof that the consultant’s representative has a valid California real estate sales license, and is bonded in an amount equal to at least twice the fair market value of the property in question. If the foreclosure consultant performs any activities which include negotiating loans or performing services in connection with real property loans, the consultant must also be a real estate licensee.

 

While real estate agents are in some respects exempt from the foreclosure consultant regulations contained in Civil Code Section 2945, they are subject to it’s regulations under certain circumstances and it is in those circumstances that a real estate agent can be in violation of the Act. If they collect fees once a Notice of Default has been recorded, if they collect advance fees before acts have been performed, if they acquire an interest in a residence in foreclosure, if they assist the owner in obtaining the remaining proceeds from the foreclosure sale, or if they make a direct loan for a residence in foreclosure, they may be in violation of the foreclosure consultant laws.

 

A real estate broker cannot collect an advance fee under California Business and Professions Code Section 10026 unless the broker has submitted to the California Department of Real Estate an advance fee agreement for approval.

 

A loan modification contract, even one with a licensed real estate broker, for their assistance in working out a loan modification or negotiating another resolution of your problem must still state what services will be performed, when they will be performed and exactly how much you must pay. If the fees are to be collected in advance, the contract must be pre-approved by the Department of Real Estate.

 

At the Law Offices of Sebastian Gibson, we specialize in the field of real estate and stand ready to assist you if you have been the victim of any type of real estate scam. If you have lost money or your house to a foreclosure consultant or loan modification service as a result of their wrongdoing, we can assist you in pursuing the parties who victimized you and in some instances, we may be able to seek not only any moneys paid to them, but also, in some cases, your other actual damages, equitable relief, reasonable attorney’s fees and costs and punitive damages of three times the compensation received or misapplied by the foreclosure consultant or loan modification service who contracted with you.

 

If you have a business or real estate legal matter in Palm Springs or Palm Desert, in Ontario or Rancho Cucamonga, Temecula or Murrieta, Newport Beach or Huntington Beach, Anaheim or Santa Ana, El Cajon or Carlsbad, Palmdale or Victorville, Long Beach or Santa Monica, Ventura or Oxnard, or anywhere in Southern California, our Palm Springs, San Diego, Orange County, Inland Empire, Los Angeles, Santa Barbara and San Luis Obispo law firm has the knowledge and resources to be your Business Lawyers and Real Estate Attorneys. If you’ve been the victim of a real estate, business, loan modification or foreclosure scam or fraud, be sure to hire a law firm with experience in loan modification, foreclosure and real estate fraud in California and who will endeavor to ensure that your rights are properly represented.

 

To learn more about the statutes which regulate loan modification and foreclosure consultants, or for legal representation, call the Law Offices of R. Sebastian Gibson at any of the numbers on our website at http://www.SebastianGibsonLaw.com .

R. Sebastian Gibson
http://www.articlesbase.com/national,-state,-local-articles/california-loan-modification-fraud-lawyer-foreclosure-consultant-fraud-attorney-damages-for-scams-ripoffs-frauds-and-statutory-violations-684644.html

Foreclosure Defense — Strategic Bankruptcy Options

·        Strategic Comment: There are two ways for you stop foreclosure, sale and eviction dead in its tracks. One is to file bankruptcy under Chapter 13 which is an opportunity for debtors to reorganize their payments to creditors.

• A stay goes into effect immediately upon filing with the Bankruptcy Court. Creditors who say or do anything in furtherance of collecting a debt are committing a federal automatic crime from the moment it is filed, whether they know about it or not.
• However, the payments include fees to the Court and Trustee which exceeds 10% of what you pay into the Court for the benefit of your creditors, so since you are strapped for cash it further impedes your ability to work out a realistic plan.
• Also for secured debts like mortgages, the lender can come into Bankruptcy court and ask the court to lift the automatic stay which in the past has been routinely granted and for the most part still is, UNLESS YOU DO SOMETHING ELSE. WHEN YOU FILE YOUR PETITION STATE THE MORTGAGE AND NOTE TO BE CONTINGENT LIABILITIES BASED UPON TILA VIOLATIONS. You will need a TILA audit before or immediately after filing to support your position. 
• YOU SHOULD ALSO NAME, AS THE CREDITOR, THE ORIGINAL LENDER, and state the amount of the loan as a contingent liability to them. The fact is, in most cases, you have not been presented with proof of transfer of anything, nor seen any assignment, or what rights or obligations were picked up in transactions after your closing by third parties who own the servicing rights, or the mortgage or the note. The Trustee or other party coming into court or posting notices of sale on your property probably is getting his/her marching orders from someone who either doesn’t have or can’t prove they know the amounts you paid, to whom or what is currently due. PLACE THE BURDEN WHERE IT BELONGS — ON THEM.
• Then you should state the present mortgage servicing entity to whom you are now sending your payments (this applies only where the loan has been sold which is true in 95% of the cases) as a contingent liability in an unknown or unliquidated amount. 
• Then you should add a creditor John Doe” as also an unknown unliquidated debt as the possible owner of a security under which he has ownership of the mortgage and note.
• Then you should file an adversary proceeding or action under TILA, RESPA, fraud etc. making all appropriate claims for rescission, refund of interest, points, loss of value in the property etc. 
•  If your case is handled in this way there is a higher probability that you will survive the motion for lifting of the stay as the movant will have to prove the chain of title and authority on the mortgage and note, thus giving rise the the issue of legal standing for them to standing in the courtroom at all.
• The second option, if you are faced with foreclosure, sale or eviction is just file the TILA action in Federal court and then go the State Court and ask the State Court to issue a stay because there is pending litigation in Federal Court. Usually State Court judges are more than happy to get the matter off their desks and thus grant your motion for stay, but they might not be under no obligation to do so.
• Remember that whether you go straight into Federal Civil Court or Federal bankruptcy Court, which is a different division, and you are NOT represented by counsel, the Judge must do the legal research himself to determine the merit of your claims.
• If you are represented by counsel you need to make damn sure he knows what he is doing. Most bankruptcy lawyers don’t know an adversary proceeding or TILA action from egg on the wall. They have no experience with it. Very few lawyers or judges know this area since it only became important in the last couple of years. 

Regis Sauger
http://www.articlesbase.com/mortgage-articles/foreclosure-defense-strategic-bankruptcy-options-715545.html

You need to have a clear idea of where you are in foreclosure in order to understand how you can stop foreclosure. All foreclosure procedures are different because all banks are different and all states have different laws that govern the foreclosure process. So where are you and how do you get to where you want to be?

When did you get the foreclosure notice from your bank? Take a look at these documents and see when they are dated. That will tell you when your foreclosure procedure began. My foreclosure notice came from my bank’s attorneys.

When did you get the foreclosure documents from the courts? Shortly after the bank sends you the foreclosure notice, they will file papers with the court. You will get copies of these that tell you exactly when your foreclosure was filed with the court. These documents are vital and the dates on them are very important. Every state has a different foreclosure timeline and that is what determines how long you have to save your home. As soon as your bank’s lawyers file papers with the court, the clock is ticking and you have a very limited timeframe in which to stop foreclosure on your home. In order to know exactly where you are at in your foreclosure procedure, you need to have these documents and you need to know exactly what date they were filed.

What is your state’s foreclosure timeline? Find out how long the timeframe is from when your bank’s attorneys file the foreclosure paperwork until the sale date of your home. Like I said, every state is different so you have to understand what the foreclosure procedure is for your state. It could be anywhere from a couple of months to up to a year. It all just depends on the state. Do whatever you need to do to find this information.

So now you know all of this and you know where you are at in your state’s foreclosure timeline. How do you get to where you want to be? As with most things in life, it is always good to have a plan. Even if it is a very brief plan. Part of that plan definitely needs to include talking to your bank. You will not stop foreclosure unless you talk to them. Create your own “getting out of foreclosure” timeline. Every foreclosure procedure can be stopped, you just have to know how you are going to do it.

Jill Borash
http://www.articlesbase.com/real-estate-articles/where-are-you-in-your-foreclosure-procedure-724159.html

Given the state of the economy, many people are leery of refinancing their home, buying a home, or thinking that they can save themselves from foreclosure. However, if you’re willing to invest the time to search, you can still find a bad credit mortgage, foreclosure loan, or other pre foreclosure solutions to stop the process before you lose everything. Although the rules are a little stricter for lending now than they used to be, you can still find just what you need for your bad credit mortgage or foreclosure loan, as long as you know where to look.
 
If you’re facing foreclosure or already in the pre foreclosure process, you need to save yourself and your family. The worst thing that you can do is nothing, and yet so many people still sit around waiting for the bank to come and take their home. That’s only because people are ill informed and don’t think that they have options. Once your home has gotten to the point of being considered for foreclosure, it can seem like nothing you will do will save it. However, if you take the time, you can find many solutions to avoid foreclosure, no matter how deep in the hole you are. 
 
Getting a foreclosure loan or a bad credit mortgage to refinance your home can be the answer to your prayers. Finding these loans isn’t impossible. In reality, the lending market in the recession is much like the airlines after September 11, 2001. Everyone is still allowed to fly, they just have to meet more requirements and follow more rules. Likewise, you can still get loans, there are just more requirements and stricter policies to follow. You’ll also need to check with the financial papers to make sure that you’re getting a bad credit mortgage or other loan from a company that’s not in the process of going under. 
 
It doesn’t matter if you’re close to foreclosure, already in the process, or two days away from losing your home. You can stop the process and save your home, as long as you’re willing to invest the time and effort to search. If you tell your bank or lender that you’re trying to find a solution, they may give you an extension. They don’t really want your house, anyway. They have enough foreclosed properties on their hands that they can’t afford. Therefore, if they think that you can find a viable solution or a foreclosure loan, they’ll likely give you the time that you need to check out your options.
 
 www.pre–foreclosure.com

Robert Colwell
http://www.articlesbase.com/mortgage-articles/dont-lose-your-home-find-pre-foreclosure-solutions-now-673069.html

Are you a homeowner in the Houston, Spring, Atascocita, Kingwood, and Humble Texas areas who is on the verge of having some serious financial problems? Do you feel a foreclosure can’t be stopped, and that your situation is beyond hope? At some point, you have lost your remaining hopes but believe it or not you can actually Stop that Foreclosure, Save your Home, Save your Credit and Save your Equity! But how can you do this?

If you are headed toward foreclosure,or already in foreclosure, you need to know your rights and options available to you now. You may be surprised to learn that there are several options available to you if you are currently in foreclosure or feel you are about to be. Don’t despair, there is always a solution to any problem you encounter. Don’t lose your hope as you can absolutely stop that foreclosure in Houston, Spring, Atascocita, Kingwood and Humble Texas. When it comes to foreclosures, here are a few options:

First, if you want to keep your home and you have equity, qualified lenders can steer you to several loan programs available for your situation. Yes, there are lenders who refinance folks in foreclosure. Of course, it will be at a higher interest rate but the important thing is you’ll save your home.

Second, you may simply need a little FREE advice on how to deal with your lender and work out a reinstatement program that doesn’t require refinancing.

Third, there are always friends and family that can help. Sometimes it comes as a surprise that our friends and family may be able to help out. They may not tell you that they can, and it is tough to bite the bullet and ask for help. But if you don’t ask, they won’t know until it is too late.

Fourth, you may be better off by selling your home and starting fresh. This opens up a lot of possibilities and should be discussed immediately. You just have to look out for We Buy Houses in Houston, Spring, Atascocita, Kingwood and Humble Texas ads and there are several options available to you. Be sure to deal with the right buyer.

Last Option, Let the house go back to the lender or the city on a tax foreclosure. This year the banks are going to take houses away from thousands of good people in foreclosure here in Houston. Houston has made it a priority to take away over 1500 houses this year through Tax Foreclosures, Pure and simple The Banks Do Not Want Your House Back.

You do have a lot to lose by doing nothing: your home, your credit, your peace of mind and your future. Take action immediately by contacting the qualified and quick house buyers. If you are behind on your house payments and don’t have an immediate plan to cure your default, it is only a matter of time that your name will appear on public record as “someone in distress.”Then you will have to deal will a barrage of real estate agents, mortgage brokers and real estate investors hoping to capitalize on your misfortune. Perhaps you have already experienced that! I hope not. It can be very embarrassing and upsetting.

Terry Wygal
http://www.articlesbase.com/real-estate-articles/how-to-stop-foreclosure-in-houston-spring-atascocita-kingwood-and-humble-texas-706815.html

After listening to President Barak Obama’s inauguration speech, I was reminded of qualities that were necessary for me in being able to stop mortgage foreclosure on my home. In his inauguration speech, President Obama said:

“Our journey has never been one of short-cuts or settling for less. It has not been the path for the faint-hearted — for those who prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk takers, the doers, the makers of things . . .”
(From http://www.time.com/time/politics/article/0,8599,1872715,00.html?imw=Y)

If you are going to stop mortgage foreclosure on your home, know that your path is also not for the faint-hearted. If you are determined to stop foreclosure on your home, your path will be uphill and will feel like a battle more days than not. You will have to make tough decisions and hard choices about what you value in your life. You will not be able to keep your home and continue making the same decisions about your finances that you have been making. That is cold hard truth and fact. I had to and still continue to have to make tough decisions about my finances. My home is now out of foreclosure but the sense of financial responsibility that I gained from being able to save my home stays with me. If you are going to stop mortgage foreclosure on your home, you will need to take on a new level of financial responsibility in your life.

You will also have to learn to be one who does not “prefer leisure over work.” Being able to stop mortgage foreclosure on your home is going to be work. Whoever tries to sell you on it being easy, painless and effortless is telling you a lie. Is the actual work involved in saving your home difficult? No. But it does take work. Persistent, consistent hard work. Your bank is not going to suddenly decide that they will stop mortgage foreclosure on your home because you are a nice person. You will have to work with them and continue working with them until you find a resolution. You may need to take a second job in order to save your home. If that is what you need to do, that is what you need to do.

And you will need to be a risk taker and doer in order to stop mortgage foreclosure on your home. You will have to act to save your home from foreclosure. You cannot expect anyone else to do it for you. You have to do what you need to in order to save your home. That may mean taking some risk. It may mean doing what I did and risking rejection from your family when you ask them for money. It may mean risking a friendship like I did when I asked my friends for help. It will certainly mean getting out of your comfort zone and doing things that you do not want to do and do not feel comfortable doing. On that edge past your comfort zone is where you will find what you need to stop mortgage foreclosure on your home.

Jill Borash
http://www.articlesbase.com/mortgage-articles/the-work-involved-in-committing-to-stop-mortgage-foreclosure-731248.html

My credit isnt good. I have a house foreclosure on my credit also. That is all from when i lived in Michingan and my job closed and everything went down hill. I am in texas now, starting over. I have a full time job now for 5 months. I’m going to apply for an apartment and wonder if they may not rent to me because of that.

If the owner of the manager of the apartment does a credit check, then yes, your credit history could prevent you from qualifying.

You’ll know if they’re doing a credit check because you have to give them permission to.

My husband and I bought our condo for our family about a year and a half ago for 108. At the time in this area, this was a great deal. We bought it from a friend that we’d rented from for a couple years, and the condos in the area for our model were going any where from 115’s to the upper 120’s. We love the area, we LOVE the schools, and we didn’t want to move. So, we went for it. It was really stressful, but we pushed forward.

So now, fast forward, the homes in the area are in the LOW 80′S! My work is working me less and less. My husband lost his part-time job due to it being sold to a foreign company and downsizing, which might not seem like much but at this part-time job he made more on a weekend than he did the entire week at his full-time job cause it was a union job. So, that was a HUGE hit to us. He still maintains his full-time job. We are limited because we only have one car, so we work opposite schedules. And, because of all of these things and more our mortgage is falling behind. We are running about 1 1/2 to 2 months behind at any given time. And, now with the holidays coming up we’re really stressing out. Especially since we have two children, an 11 year old girl and an almost 13 year old boy.

We’re doing everything we can. We’ve rented out half our garage. We’ve cut off our home phone. We don’t pay for online service (we just use the wifi). We supplement grocerys from our grandpa (who buys grocerys for the whole family, it’s kind of his hobby. he loves it!). My sister (who lives across the street) and I alternate who makes dinner to save money. We don’t buy fast food. We don’t keep snacks or pop in the house. We buy generic EVERYTHING. My kids STILL don’t have all their school clothes. My son doesn’t have a winter coat yet, he uses my husbands. Thank God for hand-me-down clothes from the family! After all of this, my mortgage is still slipping! And, I’m scared to death that they are gonna come tell us to leave!

I know this is a lot to read, and I appreciate you reading this. Most of what I’ve read online about the government helping people stop foreclosure pertains to people with variable interest rates, which we don’t have. So, is there help out there for people like me who are doing everything they can but still coming up short?

Thank you, God bless and Merry Christmas!

This is not true about only people with adjustable rate mortgages are being redone.

You have taken precautions that others would not to reduce your monthly expenses.

You should call your lender, You would want to speak with someone in the Lost Mitigation Department outline to this person the current financial situation you and your family are currently in. Make sure you are speaking with a person that can make a decision about modifying your mortgage and the requirements necessary to do so.

Ask this person to send you a mortgage loan modification package. You should be able to complete this application, yourself.

A few home owners go to a loan modification company for assistance. If you utilize a mortgage loan modification company they will charge you a fee for their services. Keep in mind that you will be pay them no matter the outcome.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"