Archive for the ‘Upside Down FHA Loan’ Category
National Foreclosure Relief and Notice of HUD Rights
August 17th, 2009
I have a 1 yr. lease on a fairly new home with 2 other people on the lease with me. We are in the 8th month now and we all have plans to end it after the year is up.
Last week, and just today, we received in the mail a notice titled "Notice of HUD Rights" from a company called National Foreclosure Relief based in NV (addressed to the landlord/homeowner). At first, I thought this was some type of solicitation and threw the first one away. It states that the notice is not an attempt to collect a debt but that the time to enter into a repayment plan is running out.
On the back is states:
"As of Jan. 19, 2001, the US. Department of Urban Development mandated that all borrowers who had loans governed by their loss mitigation guidelines be informed as to their rights to repayment programs."...
The Homeowners have other properties they manage/lease aside from working in separate professions. I am almost certain that if a foreclosure is of concern then they would know about it.
My question is that if there is a foreclosure, do they have to give us a month notice or can they simply tell us to leave at any time? The agency would not tell me anything but instead tried to get me to go to a website and pay 29.95 to get information from 'legal experts' who could tell me what my options were. It all sounds like a gimmick to me. Can anyone clarify this for us?
Also, my question is do we have a right to know if there is a foreclosure, and do they have to give us a month notice or can they simply tell us to leave at any time? The agency would not tell me anything but instead tried to get me to go to a website and pay 29.95 to get information from 'legal experts' who could tell me what my options were. It all sounds like a gimmick to me. Can anyone clarify this for us? Thank you
Thanks in advance.
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Posted in Foreclosure, Help with mortgage, Home Loan Questions, Loss Mitigation, Mortgage Problems, Upside Down FHA Loan | 
Tags: borrowers, foreclosure relief, gimmick, hud, hud foreclosure, hud loan, hud rights, landlord, legal experts, loans, Loss Mitigation, mail, mitigation guidelines, national foreclosure, national foreclosure relief, national foreclosure relief nv, notice of hud rights, professions, repayment plan, reply, solicitation, urban development, us department of urban development, yr lease | 
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The Truth About Your Bad Home Loan
August 10th, 2009
The Truth About Your Bad Home Loan
If every defaulting loan followed the advice in this book, this country could avoid increases in homelessness, crime, domestic abuse, broken neighborhoods, and so much more. Keeping these families in place as long as possible, and maintaining the property, is in the best interest of the borrower, lender, neighborhoods, law enforcement and government.
Sandy White offers:
- State specific resources for filing complaints;
- The stages of foreclosure and eviction;
- Foreclosure scam awareness and the law;
- An understanding of options that may help save money;
- How and why you should stay in your house as long as possible.
The information in this book will help get your voice heard, document your position, and possible recourse against the people that violated your trust. This book is a must read for anyone with a bad mortgage loan, industry professionals, and those seeking a future mortgage loan.
Posted in General Mortgage, Help with mortgage, Mortgage Modification, Mortgage Problems, Understanding Mortgages, Upside Down FHA Loan |
Tags: bad home loan, bad home loan resources, bad home loans, bad home mortgages, bad loan, bad loans, bad mortgage situation, bad mortgages, bad neighborhood, book about bad home loans, default, defaulting, eviction, foreclosure and mortgage, keep your home, killer mortgages, loans, mortgage loans, mortgages, problem with mortgages, stages of foreclosure, stay in house, the truth about your bad home loan, truth about bad loans, ugly home loans, violate trusts |
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What is an FHA and How Would I Benefit from it as a First Time Home Buyer?
June 25th, 2009
When my boyfriend and I decide to buy a house we don't want to have to put down thousands because that's probably all we'll have saved up in the next 3 years. How will an FHA loan help us?
Please break it down for me. I know nothing of this stuff.
What is FHA and how can I benefit as first time home buyer?
Posted in Mortgage Problems, Understanding Mortgages, Upside Down FHA Loan |
Tags: benefit, buy a house, buyer, buyers, down payments, explaining fha, fha, fha explained, fha help, fha home loans, fha loan, first time, first time home buyer, first time house buyer, help from fha, home buyer, house buyers, how would i benefit, put down, savings, what is fha, what is fha loan |
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