Bank Foreclosure Help, How To Stop Foreclosures on Your Home Mortgage

Can you believe it? Home foreclosures have risen 24% first quarter of 2009. We are not seeing real foreclosure help out there. I thought the stimulus plans and bailouts were supposed to help! Since these numbers prove that homeowners need some other type of foreclosure help in order to attempt to save their their homes, I have put together the following information which should help to show homeowners how to avoid a home foreclosure.

Several of my friends have used the information on this Hub and have saved their homes from foreclosure. Some homeowners have had their mortgages adjusted downward by 60%. Others were helped to clear up their credit card dept and reduce their interest. I would certainly take the time to read this information, you never know.

I understand that you don’t have the time to invest in learning how the process of saving your home from foreclosure works, what you need is foreclosure help from a professional who is already trained in this process. Home Loan modification may even be possible without help from the Governments stimulus plan. There are several ways in which a home owner can get help in an effort to save their home from foreclosure. The stimulus plan is only one way to get help, HUD has had programs available for years. You will find several links on this website that will help you in deciding exactly what you need to do.

Many home owners were hoping that the Governments Stimulus Package was going to save them from foreclosure, after learning the details of the Stimulus Package we have now learned that the stimulus plan will only help home owners if the value of their home has not fallen below the amount of their mortgage, well, that rules out about 99.8 % of home owners.

The reason I starting looking for ways to help home owners who were facing foreclosure, was because I learned that my Niece was losing her home because she couldn’t pay her mortgage. I searched and searched and searched, but all I could find were websites and hubs that were filled with self help and how to information.

I knew that most home owners didn’t have the time to study a course on how to save their home from foreclosure, what those who couldn’t pay their mortgage needed was professional foreclosure help. I also knew that those who were losing their homes didn’t have the money to pay for this professional help, so I tried to locate these professionals who offered foreclosure help for free.

Every home owner that is facing foreclosure has their own particular situation and the factors that will determine what kind of help you need are numerous. Like I said; you can either spend untold hours and days researching foreclosure help websites like I did or you can go to the free foreclosure help site I sent my Niece to.

Before you go to the link I will provide you with, here are some things you will need to have ready when you contact this Organization.

What you need to have ready:

1. A list of your ongoing, monthly bills.

2. Your mortgage loan number.

What to expect when you contact this Organization:

1. When I first learned about this foreclosure help, my Niece contacted them. The very next day, they had set up a three way call with the Mortgage Company, etc. Since then, I have sent so much traffic to them that they now have to make appointments up to two weeks out. So don’t hesitate, contact them as soon as possible.

2. After speaking with you they will do a complete assessment of your mortgage situation.

3. They will give you their recommendations.

4. They may contact your lenders and creditors.

Just a side note; I also learned that some local Sheriff Departments are refusing to honor eviction orders, so many home owners who have already lost their homes do to foreclosure, are simply squatting in their homes. If this is your situation, it wouldn’t hurt to make a call to your local Sheriff to find out if they are honoring court ordered evictions against home owners.

And finally, here is the link to the foreclosure help website; Foreclosure Help or you can call them at 888-995-HOPE (4673).

HOPE NOW is an alliance with HUD approved counseling agents, mortgage companies, investors and other mortgage market participants that provides free foreclosure prevention assistance.

In short, what Hope Now doesis save you all the homework of going to HUD.gov and researching everything about foreclosures. You can spend weeks studying all the information at HUD on how to handle a foreclosure, or you can use the services of HOPE NOW, they already know the subject well.

I would not ever pay for professional foreclosure help until I had talked to one of these counselors, there are many people who have payed professionals for these services when they are offered for free.

You will also find a list of other foreclosure help links at the bottom of this Hub. I wish you all luck, and hope this information has helped in some small way.

Be sure to watch the video below, it will explain another possible way to save your home. It involves a process called "Produce The Note." You will be shocked to learn about the process of how many lenders have sold the note to your home, and if the lender can not produce the note, you may be able to remain in your home. Get the simple legal forms at this link; Produce The Note

Right under the video you will see a SHARE IT button, please click it and at least email this Hub to all your friends. I am certain that you know someone that could use this information.

I also found a very useful list of the HUD approved housing counseling agencies. This is an exstensive list covering every State of the United States. Go here, Foreclosure Help and simply select your State, you will then be given a complete list of resources in your particular State.

If you are looking for mortgage or foreclosure help from Obama's Stimulus Plan, you must meet the following conditions. It is called, "The Home Affordable Refinance."

1. You have to be the owner of a 1 to 4 unit home.

2. Your loan has to be owned by Fannie Mae or Freddie Mac.

3. You have to be current on your mortgage payment. In the last twelve months, if you have been more than thirty days late on a payment, you are not current.

4. The amount of your first mortgage can not be more than the current value of your home.

If you answered no to any of these four requirements, it is doubtful you qualify for the stimulus foreclosure help. To be certain, call your servicer.

Little was said about this on the News, but part of the Stimulus Package has been made available for Military families. Through this plan, the military homeowner could recoupe up to 95 % of the lost value of their home if they are forced to sell due to a base closure, or realignment announcement.

To learn more about this program, or to file a request, go to Homeowners Assistance Program (HAP).

There are several scams being reported where the scammers are offering to help you save your home from foreclosure. The first one I will expose is the "Pnony Counseling Service."

These phony counseling agencies will offer you their services for a fee. These cons charge huge fees for services that you can easily do yourself, or simply use the free services mentioned in this Hub. Before you agree to pay anyone money, or before you sign an agreement with a counselor, first call 888-995-4673. Tell them what is going on, and they will be able to direct you on what to do.

The number two foreclosure help scam is pretty clever, the con tells the homeowner that if you sign over the deed to them, they will then let you stay in the home. They will collect monthly rent from you, and tell you that you will have the option to buy the home back at a later date. The buy back price is so high, you'll never be able to buy the home back. You get evicted, and the other guy walks off with most of the equity.

The third scam may sound crazy, but it is happening. It's called the old bait and switch. The con makes you believe that you are signing papers that will bring your mortgage payments current. When you are convinced, the con switches the papers and you end up signing over the deed to your home.

Here are some of the comments you need to beware of, they offer something almost too good to be true.

“Stop Foreclosure Now!”

“We guarantee we will stop your foreclosure.”

“Keep Your Home. We Can Save It, No Problem!”

“We Have Special Relationships With Banks That Will Speed Up Approvals.”

“We Guarantee We Can Save Your Home.”

“Foreclosures Stopped Every day. Our Counselors Will Stop Yours This Week!”

If someone says to you "do not contact your lender, lawyer, or credit or housing counselor," RUN THE OTHER WAY!

Copyright © Robert Lee. 2009, All Rights Reserved.

The information provided on this site is for informational purposes only, always seek the advice of a professional.