Home

What Is Foreclosure?

Legal process by which a mortgagor of real property is deprived of his interest in that property due to failure to comply with terms and conditions of the mortgage.

How Can I Prevent Foreclosure?

Neither the lender or the homeowner want a foreclosure to happen as both lose when this action is taken. Therefore both parties are willing to negotiate a working solution that satisfies both parties. Making good use of the time  the day the property is sold at auction is crucial. 

How Do I Negotiate With Lenders?

A third party such as an investor in distress properties may be an acceptable means of resolve for both parties. The investor, homeowner and lender can work out strategy to purchase the property from the homeowner before the sale date. Lender Negotiation Tips

What Part Do Housing Agencies Play?

Housing agencies may be able to suggest forms of financial relief depending on the cause and circumstances leading to default. Contact a HUD-approved Housing Counseling Agency 
FHA loans are ideal for individuals with credit problems including bankruptcies and foreclosures. While your credit score is usually the most important factor lenders consider when approving you for a conventional loan, with an FHA loan (non-conventional loan) it’s not the central consideration. Connect with FHA lenders who maybe able to help you avoid foreclosure

What Is A Pre-Foreclosure Sale?

A pre-foreclosure sales is the sale of the property prior to fore-closure. Pre-Foreclosure

What Is A Post-Foreclosure Sales

Following foreclosure sale the mortgagor has up to six months to stay in the home. During that time period he or she may opt to sell the home at or above the amount that was bid for the property. If you sell your home before the auction, it would be just like any other home sell. At closing, any liens will be taken from the sold price.

How Can Pre-foreclosure Sales Prevent Foreclosure?

Once the home has been sold and the seller is funded these funds are applied to the sellers existing mortgage obligation. Post-Foreclosure

What Other Options Do I Have?

Other options would be Refinancing, acquiring a hard money loan, redemption - the buying back of one's property after it has been lost through foreclosure. or filing bankruptcy. 

How Can Early Refinancing Help Stop Foreclosure?

Early refinancing obligation when payment difficulties arise suspends the foreclosure action. Refinancing Options

Should I File Bankruptcy?

Bankruptcy hurts your credit and can limit your ability to improve the quality of life. Bankruptcy should be used only as a last resort. Last Resort - Bankruptcy

FREE Foreclosure Consultation

  Mortgage Loan Search Financial Network is a division of
Financial Marketing Network, Inc.
 2807 Gresham Way Unit 
Windsor Mills MD 
Copyright © 2006, 2007, 2008 Mortgage Loan Search Financial Network, all rights reserved