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Welcome to Mortgage-Foreclosure.Org
A free comprehensive guide dedicated to empowering homeowners or families stop and avoid mortgage foreclosure
Information is king and it is
important for homeowners to educate themselves about the variety of foreclosure options available to them, equip
themselves with vital information so as to stop and avoid mortgage foreclosure.
How are we different? Unlike many other mortgage foreclosure-prevention websites, we are not offering to sell you an outdated e-Book. We are not a mortgage foreclosure-consultant nor foreclosure-lawyer who are trying to sell you services.
We simply believe that the most valuable and current mortgage foreclosure-prevention information should be made available to you at absolutely no-cost. The public deserves to know and we are here to serve your appetite for the freshest updated information to stop foreclosure on your home. Please bear with us as we are still in development phases. Feel free to bookmark us for updates as we evolve.
Browse the site to obtain
important information on how to protect from falling victim to foreclosure scams,
learn about foreclosure laws in your state including important news updates of
President Obama's rescue plan to curbing more mortgage foreclosures in the
Use our upcoming forum to discuss with other homeowner
peers who are also facing a similar situation such as yours. Offer or
receive advice from those who have successfully avoided foreclosure through
legitimate solutions that you may already qualify.
Let us begin with how you have
come to this point of foreclosure followed by precautionary measures to obtain
foreclosure help so as to ultimately stop and avoid foreclosure on your home.
Reasons for notice of mortgage foreclosure
When you have missed your
payments, foreclosure may occur. Your lender has legal means of repossessing
your home. This translates to you having to move out of your house. If the
property is worth less than the amount you owe in your mortgage loan, your
lender may come after you for a deficiency judgment.
Steps to stop and avoid mortgage foreclosure
Bank lenders are normally
willing to cooperate with homeowners because the foreclosure process can be a
very expensive and time consuming process. They will only exercise the
foreclosure option as a last resort.
- If you are planning on keeping your home, do not
ignore letters from your lender. It is obvious at this point that you are
having problems making your payments. With no further delay, call or write
to your lender's Loss Mitigation Department to explain your situation and
be prepared to provide them with financial information of monthly income
& expenses. They will not be able to offer you assistance without this
information.
- Do not leave your home. If you abandon your
property, you may not qualify for help or assistance.
- Browse our resources section to contact a HUD-approved
housing counseling agency nearest to you. These government, private and
community agencies provide a free service which includes credit counseling
services and programs.
Finally learn and educate
yourself about the foreclosure options that are available to you. Get the key to help assess your own
unique situation thus determining the best option that is likely fit for you. You
may already qualify for one of the options to avoid foreclosure on your home.
If you find the information on our site useful, bookmark us for future updates.
HAMP Modification Progress Report For JULY, 2010 - Exclusive Release!
How are we progressing? Get the latest scoop on the government modification program's performance for July, 2010. Find out how your servicer is performing. View updated charts and current details on the number of new Permanent Modifications, Cancellations, Servicer Progress Report, Complaints, Borrower Experience and much more. - EXCLUSIVE WEB REPORT
'Right-To-Rent Act' Provides Relief For Foreclosed Borrowers
There is a new law on its way to the House of Representatives intended in providing post relief for homeowners who lose their homes to foreclosure. The Right-To-Rent Act 2010 is intended to allow ex-homeowners with foreclosed homes to remain in the property by paying fair market rent for up to 5 years. - READ MORE & PODCAST
Short-Sale, Deed In Lieu Or Foreclosure Will Hit Your Credit Score. But By How Much?
Credit Bureaus were previously uncooperative in revealing the fine details in reference to point losses on credit scores impacted by the various forms of mortgage delinquencies. We're in better luck today as Fair Isaac Corporation, the inventor of the FICO score, shared some interesting and important facts. - READ MORE & PODCAST
Pick Up The Phone, You May Have Won A Modification
Just recently, major banks and servicers, such as Bank of America have only started providing principal reductions to a tiny fraction of borrowers as a last resort. A new sort of mortgage servicer called 'speciality servicers' are experiencing success in averting more foreclosures. - READ MORE & PODCAST