Why a homeowner or other mortgagor in NY and other judicial-foreclosure states should stop paying the mortgage if financial difficulty is expected in 6 months, invite a foreclosure action, defend the action timely and vigorously (at low cost), and use the extended time to obtain a reasonable modification agreement or find a buyer to get any of your equity out of the property (by not having to sell at a distress sale).
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Check with the Federal Housing Administration for government refinancing programs that will help in refinancing a mortgage and lowering the interest rate on a monthly mortgage payment. Get help in making mortgage payments with help from a civil mediator in this free video on foreclosure law. …
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Filing for bankruptcy will not stop a mortgage foreclosure, but it may delay the foreclosure so that payments can be made. Find out how to use a bankruptcy for the issuance of an automatic stay with help from a civil mediator in this free video on foreclosure law.
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There is no law that requires a lender to read a hardship letter, but many want to see what the circumstances of an individual case were before considering granting leniency or refinancing. Use hardship letters to set forth the event that led to the failure to make mortgage payments with help from a civil mediator in this free video on foreclosure law.
Duration : 0:1:35
Mortgage Foreclosure Rescue Scams - Documentary Video We Stop Foreclosure Rescue Scams (2008) by Kyra Olds This is a documentary about mortgage foreclosure rescue scams that are occurring across the country in light of the growing foreclosures. The movie describes common scam tactics and how distressed homeowners fall for these scams. The movie concludes with what lawyers can do to challenge these scams in court and the Washington State Legislature’s response to try to to stop these scams by …
Duration : 1:34:41
HUD, or the Department of Housing and Urban Development, does not provide direct loans, so there will still be mortgage or loan through a conventional mortgage holder. Contact HUD to see if that can provide influence to a mortgage holder with help from a civil mediator in this free video on foreclosure law.
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In order to put an emergency stop on a foreclosure, a person may have to sell their house or rent it out. Try contacting the lender to renegotiate the loan with help from a civil mediator in this free video on foreclosure law.
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In order to stop a foreclosure due to lender fraud, a borrower has to prove that the lender engaged in some type of illegal activity. Learn about the Real Estate Settlement Procedures Act with help from a civil mediator in this free video on foreclosure law.
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The point of a mortgage foreclosure is so that a lender can satisfy the debt of the mortgage that is on a home. Consider lengthening the term of a mortgage or contacting an alternative lender with help from a civil mediator in this free video on foreclosure law.
Duration : 0:1:35
In Florida, mortgage foreclosure is similar to every other state…