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How to Stop
Foreclosures

                                                             Contents
When    American    homeowners           have   difficulty
                                                             Introduction...…………………………...1
affording payments on their homes, there are
options worth considering before the foreclosure             Full Payoff Refinancing.……..……...2

axe falls. These include short refinancing, mortgage
                                                             Negotiating with Your Lender…..2
modification,   repayment       plans,     short   sales,
forbearances and deeds in lieu of foreclosure. Here          Making Full Reinstatement………..2

are some of the most effective ways to stop
                                                             Filing for Bankruptcy….……………...3
foreclosures from completing.
2
Arranging Full Payoff Refinancing


If you have enough equity in your home, you could take out
new finance before your clean credit record smudges. Many
Americans are doing this every week of every year, and it is
more possible than you might think.




                                    Negotiating with Your Lender


                                    Speak to your lender about an agreement that helps you to
                                    catch up with back payments. You will need to explain your
                                    financial position clearly and be prepared to pay off up to 30%
                                    of back payments up front. Lenders do not want to foreclose
                                    either – they just need to know that you are genuine, so have a
                                    plan to make it happen.




                                    Making Full Reinstatement

What’s does that mean?
                                    Banks can start foreclosure proceedings if you are more than
For more terms and definitions,
check out ForeclosureDeals.com’s
glossary page:
                                    three months in arrears, while borrowers have rights to catch
http://www.foreclosuredeals.com/G
lossary.php                         up on their payments. Earn extra income from a second job.
                                    Sell the car or flat-screen television. The last thing to lose
                                    should be the family home.
3
                                             Filing for Bankruptcy

Foreclosure Deals

12550 Biscayne Blvd, Suite 306               This stops the lender in their tracks and puts the courts
Miami, FL 33181
FAX: 1-347-402-6620                          between you and them. While as a citizen you may do this
Contact@foreclosuredeals.com
                                             on your own, it could be a wise idea to use a legal adviser
If it’s not a deal, we won’t list it here!
                                             to assist.
Find us on the Web:
http://www.ForeclosureDeals.com/




                                             Foreclosure is not easy to face up to when all the other
                                             options have expired. In many instances, this happens
                                             because borrowers do not know their rights. At other
                                             times, it is because they failed to act in time. If you find
                                             yourself in this position, read our articles and follow up on
                                             this advice quickly. Chances are good that you could stop
                                             your foreclosure too.

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How to Stop Foreclosures

  • 1. How to Stop Foreclosures Contents When American homeowners have difficulty Introduction...…………………………...1 affording payments on their homes, there are options worth considering before the foreclosure Full Payoff Refinancing.……..……...2 axe falls. These include short refinancing, mortgage Negotiating with Your Lender…..2 modification, repayment plans, short sales, forbearances and deeds in lieu of foreclosure. Here Making Full Reinstatement………..2 are some of the most effective ways to stop Filing for Bankruptcy….……………...3 foreclosures from completing.
  • 2. 2 Arranging Full Payoff Refinancing If you have enough equity in your home, you could take out new finance before your clean credit record smudges. Many Americans are doing this every week of every year, and it is more possible than you might think. Negotiating with Your Lender Speak to your lender about an agreement that helps you to catch up with back payments. You will need to explain your financial position clearly and be prepared to pay off up to 30% of back payments up front. Lenders do not want to foreclose either – they just need to know that you are genuine, so have a plan to make it happen. Making Full Reinstatement What’s does that mean? Banks can start foreclosure proceedings if you are more than For more terms and definitions, check out ForeclosureDeals.com’s glossary page: three months in arrears, while borrowers have rights to catch http://www.foreclosuredeals.com/G lossary.php up on their payments. Earn extra income from a second job. Sell the car or flat-screen television. The last thing to lose should be the family home.
  • 3. 3 Filing for Bankruptcy Foreclosure Deals 12550 Biscayne Blvd, Suite 306 This stops the lender in their tracks and puts the courts Miami, FL 33181 FAX: 1-347-402-6620 between you and them. While as a citizen you may do this Contact@foreclosuredeals.com on your own, it could be a wise idea to use a legal adviser If it’s not a deal, we won’t list it here! to assist. Find us on the Web: http://www.ForeclosureDeals.com/ Foreclosure is not easy to face up to when all the other options have expired. In many instances, this happens because borrowers do not know their rights. At other times, it is because they failed to act in time. If you find yourself in this position, read our articles and follow up on this advice quickly. Chances are good that you could stop your foreclosure too.