Upside Down Mortgage

Posts Tagged ‘avoid foreclosure’

I am a single mother of two and get no child support. I am forever fighting with loss mitigation to avoid foreclosure, and I am aging years at a time with all the stress maintaining my household involves.I put no money down and even with the slow market, if I sell my house I will make a profit - I think. I have been an owner for four years and I don't think I am upside down but you never know. Different Realtors give me different quotes. I am just scared about losing my home and not having anywhere to go to. I filed bankruptcy that was final not so long ago so my credit is not looking pretty. So if I sell my house, I will have to rent. I know that renting will be much cheaper but what about my credit. Things are very confusing to me and different people seem to give me different ideas of what to do and what is going on.

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Most people who are upside down in their mortgages in this economy worry about being foreclosed on. After all, jobs are hard to find and bonuses are almost non-existent. If you are hoping for a raise, then this is not the right year for it. In face, many homeowners who found themselves upside down try to sell their homes.

The problem is that buyers have too many choices to choose from and they usually go for the best deals and the best homes and homes that are upside down are not always the most attractive. Some homeowners manage to sell and move on, coughing up the differences so that they can walk away free and clear. However, others cannot sell and end up going through foreclosure and watching the banks take their homes.

It is not a doubt that foreclosure is something that homeowners with upside down mortgages fear. It is a reality for many people. This workbook is called "The Foreclosure Workbook" and it is America's #1 Do-It-Yourself Foreclosure Prevention Resource!

Is foreclosure a real threat?

Across the nation, foreclosures are on the rise due to designer mortgages, rising debt ratios, and depressed housing markets. Most homeowners have no idea where to find basic, credible, and instructional information about the foreclosure process, or what to do when facing the time crunch before an auction. The Foreclosure Workbook is a revolutionary system that provides an unprecedented approach to foreclosure avoidance, protection, and survival.

This workbook:

• presents a proven step-by-step process that guides the homeowner in distress through the hurdles of foreclosure, and
• presents critical information about: state procedures, foreclosure protection legislation, con artists, options, and much more!

This is the one-stop resource that homeowners need - arming them with easy to understand facts and processes for how to maneuver through the onslaught of mail they receive, fight off foreclosure scams, and organize and prepare a plan for saving their home and credit.

Carla Douglin is a national speaker, CEO of Dominion Foreclosure Consulting Services, Inc., and founder of Dominion Housing Counseling Services, a nonprofit organization. For more information, visit our website at www.dfcscorp.com, and view our blog at foreclosuretipsfactsfumbles.blogspot.com!

Buy The Foreclosure Workbook (Paperback) at Amazon