Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 4/30/2012

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

FYI: See this post for some helpful info — Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/ Landscaping / Construction Type Jobs.

Property Preservation Company Seeks Subcontractors (Atlanta, GA & 50-mile Surrounding Area): Large property preservation company seeks qualified subcontractors for the following: Lawn maintenance, property inspections, rekeying/changing locks; general cleaning / janitorial services; tarping roofs; property securitization; board ups; etc.  Steady work for qualified contractors! Get full details on this property preservation job.

Post continued below . . .
**************************************************************
Spring is Here! And, as these opportunities illustrates, there are plenty of foreclosure cleanup (and RE-related jobs out there). Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
**************************************************************

CA-Based Property Preservation Company Seeks East Coast Subcontractors (Philadelphia, PA (and Surrounding Areas)): West coast-based property preservation company seeks contractors in the Philadelphia area. Duties include: changing locks; mowing lawns; winterization and securitization; property inspections; etc. Must have own tools, as well as a camera and the ability to complete detailed reports. Get full details on this property preservation job.

****************
Editor Note: Get the average salary for property preservation jobs in your area.
****************

Grass Cutters (and Other Property Preservation Service Contractors) Needed (VA): Reliable independent contractor / company needed to perform lawn maintenance throughout Virginia. Must have own tools, eg, lawn mower, weed eater and other lawn maintenance tools. Other property preservation duties include, but are not limited to: lock changes, general cleaning, lite repairs, etc. Get full details on this lawn maintenance job.

Related Posts

Want to Know Where to Find Foreclosure Cleanup Clients For Your Business? Look No Further than This . . .

Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/Construction Type Jobs

Advice on How to Bid on Janitorial and Commercial Cleaning Jobs

Foreclosure Cleanup Jobs: New Biz Owner Lands 10 Jobs from Property Preservation Company

Foreclosure Cleaning Jobs: Why Landlords Are Fertile Marketing Ground for Foreclosure Cleanup Businesses

Foreclosure Cleaning: How to Get Non-Foreclosure Cleaning Jobs

Foreclosure Cleanup: Many Cities Allocating Gov’t Funds to Cleaning Foreclosed Properties

FAQs About Cleaning Foreclosures a Living

Foreclosure Cleaning Business: Why You Should Never Discuss Rates or Prices Over the Phone

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

The Top 5 Alternatives to Foreclosure: Which One is Best for You?

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Throughout the country, families and individuals are finding it increasingly difficult to keep up with mortgage payments and other monthly bills. As a result, they are being served notices of foreclosure and being threatened with losing their homes. What they may not realize is that there are ways to challenge foreclosure and find another option. Even if it means selling their home, it may still be a better alternative that the having your home foreclosed on.

Option to Foreclosure #1: Home Loan Modification

A mortgage is a legally binding contract between the borrower and the lender. The lender is under no obligation to let the borrower out of this contract nor are they required to change any of the terms. However, it often turns out to be in the best interests of both parties to agree to a loan modification.

Through negotiation and changing the terms of the agreement, the overall principal could be reduced, the monthly repayments lowered, and the interest rates changed.

Post continued below . . .
**************************************************************
Spring is Here! And, there are plenty of foreclosure cleanup (and RE-related jobs out there). Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

**************************************************************

Option to Foreclosure #2: A Short Sale

A short sale is essentially what it sounds like, selling a home short of what it is worth. When more is owed on a property than its current market value, the debt cannot be paid even if the borrower sells the home and gives all of the proceeds to the bank or lender. However, through negotiation, the lender may agree to a short sale.

Although this may not appear to be in their best interests, lenders will often agree to this because it ensures that they will receive the majority of their money back rather than nothing at all. It also negates the necessity of the complicated and lengthy process of foreclosure.

Option to Foreclosure #3: Deed in Lieu of Foreclosure

A deed in lieu of foreclosure is similar to a short sale in that the borrower does give up their home, but this is voluntary and in their control. Foreclosure can be an emotionally-traumatizing time, especially if there are children involved. A deed in lieu allows the family to remain in control of their lives and act in their own timing. Even so, this usually occurs when other options have failed and the borrower has defaulted on their loan.

By signing over the deed of their home to the bank or other lender, the remainder of their debt is forgiven. Again, may lenders will agree to this as foreclosure creates hassle for everyone as the property could get caught up in legal red tape.

Option to Foreclosure #4: Mediation

Mediation can prove to be extremely beneficial in these tricky situations. In some states, like Florida, mediation is actually required under law once foreclosure papers have been signed. The government realizes that once a home is foreclosed on, it could sit empty for months, if not years. The value of the property can greatly depreciate due to neglect and disrepair, especially due to the staggering amount of homes that are now under complete ownership of the bank. With a strong legal advocate on your side during a meeting with your lender, you could find a better option for everyone involved.

Option to Foreclosure #5: Debt Settlement

Lastly, debt settlement is not only a viable option for those who are facing foreclosure, but for those who have found themselves trapped by any type of debt. It involves negotiating with your lender and agreeing to a lump sum in payment for your loans. Even though this sum is less than is actually owed on the property, some lenders will agree to it so they can get their money quickly and easily.

If you want to learn if you could avail from one of these foreclosure alternatives, you should speak with a legal representative. They could examine you specific situation and seek to ascertain which path is best for you and your family.

Related Posts

Stop Foreclosure Help: What Happens When You Stop Paying Your Mortgage

Cash for Keys: How Not to Lose This Money if You’re in Foreclosure and File Chapter 7 Bankruptcy

Home Foreclosure News: Bankruptcy Attorney Explains Why Foreclosure Is Inevitable for the Vast Majority of Homeowners Going Through the Home Loan Modification Process

Credit and Foreclosure: 5 Easy Things You Can Do TODAY to Start Repairing Your Credit After Foreclosure

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

Short Sale Tax Implications: What Sellers Need to Know

What Is the Bank Short Sale Process for Sellers?

Short Sale: Definition, Credit Implications, Tax Implications & More

Stop Foreclosure: How to Ready Your Home for a Fast (Short) Sale

2 Foreclosure Options for Homeowners with Little or No Equity in Their Homes

Short Sale vs. Foreclosure: What’s the Difference between Them and Which One Hurts My Credit (FICO) Score More?

Foreclosure Advice: Should You Continue to Pay Your Mortgage While You Wait for a Home Loan Modification?

About the Author: Written by Deborah A Carman. If you have questions about foreclosure, you should consider contacting the Carman Law Firm, P.A. With years of experience in this area of law, they understand how difficult these situations can be and so are dedicated to providing their clients with the strong legal representation.

Each Florida foreclosure lawyer from their team has experience in fighting foreclosure, mediation, avoiding scams, loan modifications, short sales, strategic default, and more. Their main priority is to help their clients find the best option for them and you can be completely confident that they have what it takes to help you get your life back on track. Contact a Florida foreclosure attorney from the team today for a free consultation.

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

How to Avoid Foreclosure Without Filing Bankruptcy: A Detailed Look at 3 Options

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

While some homeowners understand that bankruptcy is often the best option to avoid foreclosure and discharge other debts, others may not be so sure that it’s their best option. There are some ways that a homeowner can avoid foreclosure without filing bankruptcy. But, homeowners should carefully assess their entire financial picture before forgoing ahead — whether they decide to file bankruptcy, or not. 

Below are some options that homeowners can use to avoid foreclosure, instead of filing bankruptcy.

Avoid Foreclosure without Filing Bankruptcy via Forbearance

If a homeowner has a temporary setback such as short-term unemployment or reduction in income, they may be able to convince the lender to suspend mortgage payments. However, if the homeowner’s financial situation is more long-term such as ongoing unemployment or a permanent medical disability, avoiding foreclosure with forbearance may not be possible.

As a matter of fact, some lenders may refuse to give forbearance if they suspect a financial issue isn’t temporary. In those situations, it may be more beneficial for the homeowner to file bankruptcy and use the automatic stay to stop any foreclosure that’s pending.

Avoid Foreclosure without Filing Bankruptcy by Getting a HUD Loan

Sometimes a debtor facing financial difficulty may apply for an interest-free HUD loan and avoid foreclosure outside of bankruptcy. To qualify for an interest-free loan from HUD, the homeowner must be at least four months but not more than 12 months delinquent on mortgage payments and the home MUST NOT be in foreclosure.

****************
Editor Note: Learn How To Get A Home Mortgage After A Bankruptcy Or Other Major Credit Challenge.
****************

A homeowner must also have the financial ability to resume regular payments on their mortgage after receiving the loan.

For those homeowners facing unemployment and/or other large debts, resuming regular payments on their mortgage may be impossible. For debtors like this, filing bankruptcy offers a better solution because it allows homeowners who are behind on their mortgage payments to catch up on payments, while at the same time stopping the foreclosure process.

Avoid Foreclosure Without Filing Bankruptcy by Getting a Mortgage Modification

While mortgage lenders must now stop the foreclosure process while a homeowner applies for a mortgage modification, the entire mortgage modification program is rife with bugs. Homeowners hoping to save their home outside of bankruptcy may find that even if they win a mortgage modification, there isn’t much in terms of monthly savings.

Conclusion: How to Avoid Foreclosure without Filing Bankruptcy

Homeowners hoping to use any of the above alternative forms of fighting foreclosure must make sure that the option(s) they pursue will really work for them. They must also consider their other debts and how they will be impacted.

As a homeowner, if you’re saddled with credit card debts and medical bills, in addition to your delinquent mortgage, you may want to seriously consider bankruptcy. Why? Because even in bankruptcy, a debtor can still pursue alternatives such as getting a home loan modification, while at the same time receiving the benefit of a bankruptcy automatic stay.

Related Posts

Underwater On Your Home? Filing Chapter 7 Bankruptcy? Should You Reaffirm Your Mortgage?

Stop Foreclosure Help: What Happens When You Stop Paying Your Mortgage

Cash for Keys: How Not to Lose This Money if You’re in Foreclosure and File Chapter 7 Bankruptcy

Home Foreclosure News: Bankruptcy Attorney Explains Why Foreclosure Is Inevitable for the Vast Majority of Homeowners Going Through the Home Loan Modification Process

Credit and Foreclosure: 5 Easy Things You Can Do TODAY to Start Repairing Your Credit After Foreclosure

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

Home Loan, Bad Credit and How to Qualify: Yes, It’s Still Possible, But . . .

Home Foreclosure News: Owning a Home Becoming a Lot Harder for Lots of Americans Because of the Foreclosure Crisis

Home Foreclosure: The New Credit Standards to Qualify for a Mortgage Brought on by the Crisis

Foreclosure Laws: Divorce, Debt & Foreclosure – What Every Dependent Spouse Needs to Know

Foreclosure Consequences: Exploring “Voluntary Foreclosure”

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

About the Author: Reed Allmand, sponsoring attorney for Bankruptcy.net, is constantly looking for ways to provide the best financial information for his clients. Whether you are considering filing for bankruptcy, or are currently going through a Chapter 7 or Chapter 13, visit http://www.bankruptcy.net/ for up to date news and information you need to know.

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 4/23/2012

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

FYI: See this post for some helpful info — Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/ Landscaping / Construction Type Jobs.

Property Preservation Specialists (Paterson, NJ): National property preservation company seeks subcontractors to help rehab/maintain foreclosed properties. Duties consist rekeying locks, trashouts, mowing grass, boarding up and reglazing windows, installing flooring and drywall, etc.  Must have your own liability insurance. Get full details on this property preservation job.

Property Preservation Contractor Needed (Wasilla, AK): Scope of Duties: Fix/maintain foreclosed, bank-owned properties. Duties include changing locks, property inspections, ongoing lawn maintenance, trash and debris removal, etc. Get full details on this property preservation job.

Post continued below . . .
**************************************************************
Spring is Here! And, as these opportunities illustrates, there are plenty of foreclosure cleanup (and RE-related jobs out there). Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
**************************************************************

City Landscaping Contract (Gainesville, GA): The Hall County School System Department of Facilities and Construction seeks landscaping contractor. Scope of duties: The contract will encompass all landscape services, including at a minimum the following: mowing, trimming, clean-up, plant & bed care, weeding, mulching, pruning and leaf removal. Duration of contract: 12 months. Deadline to Submit: May 1, 2012. Get full details on this landscaping job.

Property Preservation Subcontractors Wanted (Savannah, GA): Seeking subcontractors to do trashouts, rekey locks, maintain lawns, etc.  Must be reliable, have computer knowledge, and have liability insurance. Get full details on this property preservation job.

Related Posts

Want to Know Where to Find Foreclosure Cleanup Clients For Your Business? Look No Further than This . . .

Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/Construction Type Jobs

Advice on How to Bid on Janitorial and Commercial Cleaning Jobs

Foreclosure Cleanup Jobs: New Biz Owner Lands 10 Jobs from Property Preservation Company

Foreclosure Cleaning Jobs: Why Landlords Are Fertile Marketing Ground for Foreclosure Cleanup Businesses

Foreclosure Cleaning: How to Get Non-Foreclosure Cleaning Jobs

Foreclosure Cleanup: Many Cities Allocating Gov’t Funds to Cleaning Foreclosed Properties

FAQs About Cleaning Foreclosures a Living

Foreclosure Cleaning Business: Why You Should Never Discuss Rates or Prices Over the Phone

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News of the Day: Why the housing recovery remains a long way off

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

The prices of distressed homes are continuing to drag down the market as a whole. NAR data shows short sales were discounted an average of 16 percent below market value in March. According to RealtyTrac, the average price of a pre-foreclosure sale property nationwide was $184,221 for the fourth quarter of 2011, down 3.45 percent from the previous quarter.

Short sales have yet to surpass sales of bank-owned  homes (known in the industry as real estate-owned, or REO, sales) nationwide.

Read the full CBSNews.com article on the foreclosure crisis and the housing recovery.

Post Continued Below . . .
**************************************************************
Buy Foreclosures Cheap! Get Firsthand Advice from a Real Estate Investor, Landlord and RE Cleaning Company Owner
buy-foreclosures-cheap2
**************************************************************

Related Posts

The Foreclosure Crush: 4 Ways Falling Home Prices Hurt the Average Homeowner (It Ain’t Pretty Y’all)

Home Foreclosure News of the Day: Is the Housing Crisis Finally Coming to an End? The Answer May Surprise You

Home Foreclosure News of the Day: Banks FINALLY Considering Writing Down Principal Balances – Because They Were Forced to By This

Home Foreclosure News: Should the Government Intervene or Let the Market Take Care of the Home Foreclosure Situation?  

Home Foreclosure News: Bankruptcy Attorney Explains Why Foreclosure Is Inevitable for the Vast Majority of Homeowners Going Through the Home Loan Modification Process

Home Foreclosure News of the Day: Some Neighborhoods around the Country Seeing Bidding Wars Again — Yes, Bidding Wars!

Home Foreclosure News of the Day: Is the Housing Crisis Finally Coming to an End? The Answer May Surprise You

P.S.: Bank Failures Can Mean Big Business for Foreclosure Cleaning Businesses! Visit this link to see which banks closed have closed recently. Then, learn how to use bank failures to grow your foreclosure cleaning business.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2012 Yuwanda Black for Foreclosure Business News.

How to Stop Foreclosure Using Chapter 13 Bankruptcy: What to Expect When You File, How Ch 13 Differs from Ch 7 & More

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Filing Chapter 13 Bankruptcy can stop foreclosure. In this article, we’ll take a look at this strategic move to help you assess if it’s a viable option that can help you save your home.

The Foreclosure Crisis and the Plight of the “Average Joe”

Over the last couple of years, many Americans have been facing the fact that foreclosure might be on their horizon. Looking for a way out can sometimes be complicated. The government has come up with programs like HAMP that never really panned out. Some banks offered loan modifications that had a success rate of around 5% for those who applied. What most people don’t know is they have an ace in the hole by filing bankruptcy.

A Brief Look at Filing Chapter 7 Bankruptcy to Stop Foreclosure

Filing chapter 7 bankruptcy usually will stop foreclosure temporarily. In some situations the debtor might be able to free up enough cash by eliminating all their unsecured debts, making their mortgage affordable. This all depends on how far behind the debtor is.

In this situation, to stop foreclosure, the lender might require the debtor to come up with all their back payments in order to avoid the foreclosure sale. This can get complicated and should not be attempted as a do-it-yourself project. A bankruptcy attorney should be consulted.

Filing Chapter 13 Bankruptcy: An “Ace in the Hole” to Stop Foreclosure

Americans have a true ace in the hole if they decide to file Chapter 13 bankruptcy. A Chapter 13 bankruptcy was created for people who could afford to pay back some of their debts over a period of time.

****************
Editor Note: Learn How To Get A Home Mortgage After A Bankruptcy Or Other Major Credit Challenge.
****************

Benefits of Filing Chapter 13 Bankruptcy to Stop Foreclosure

One of the main benefits of filing Chapter 13 bankruptcy is the ability to keep all of your property using the power of an “automatic stay” granted by the U.S. legal system.

How Recent Changes in Bankruptcy Law Affects You

To explain, in 2005 the bankruptcy code was amended to stop people who were abusing the bankruptcy system. Congress felt that many individuals had the ability to pay back their creditors at least something.

Chapter 7 bankruptcy was changed to include a means test* that required the debtor to qualify to file bankruptcy based on their income and expenses. This meant that individuals with higher incomes would be required to pay back their debts at least partially via Chapter 13 bankruptcy. Fast forward to 2008 and the collapse of the real estate market. Many individuals who previously only considered filing Chapter 7 all of a sudden saw the benefits of filing Chapter 13 bankruptcy. It was as if Chapter 13 was created just for the crashing real estate market.

As the housing market went bust, most Americans saw their home equity go out the window. Many people who bought at the peak of the market were all of a sudden upside down (underwater) drastically on their home.

For those who didn’t lose their jobs and still had a good income, Chapter 13 bankruptcy presented an opportunity to renegotiate debts.

*What is the Bankruptcy “Means Test?”

The Means Test is simply a test that determines your financial ability to repay debts. It will help you determine if you qualify to file a Chapter 7 or a Chapter 13 bankruptcy. It consists of two parts, and takes a formulaic look at your income versus your expenses. FYI, If you fail the Means Test and don’t qualify to file a Chapter 7 (where all of your debts are dismissed), you can still file for financial protection under Chapter 13 bankruptcy (where you get on a repayment plan).

What Happens When You File a Chapter 13 Bankruptcy

When filing Chapter 13, the debtor and their bankruptcy attorney are required to come up with a feasible (reasonable) repayment plan that will last anywhere from 3 to 5 years. With Chapter 13, debts are paid by priority. Secured debts (eg, car loans, home loans, etc.) are at the top of the list. Unsecured debits, eg, credit cards, are at the bottom. Why is it structured like this?

Structuring debt repayments in this manner allows debtors to prioritize their financial obligations (debts) to pay their most important ones (eg, mortgage, car loans, etc.). first. Then, if there are any leftover funds, “unimportant” unsecured debts like credit cards can get nominal amounts.

This is why and how filing Chapter 13 bankruptcy allows debtors to stop foreclosure.

Chapter 13, just like Chapter 7 bankruptcy, shares the power of the automatic stay, which means it stops all collection and legal activity creditors levy against debtors. When it comes to protecting real estate, Chapter 13 bankruptcy really shows its power and benefits.

As the conversation here illustrates, filing Chapter 13 bankruptcy can be complicated;  consulting a qualified bankruptcy attorney – one familiar with the bankruptcy laws of your state/jurisdiction – his highly advised.

Related Posts

Underwater On Your Home? Filing Chapter 7 Bankruptcy? Should You Reaffirm Your Mortgage?

Stop Foreclosure Help: What Happens When You Stop Paying Your Mortgage

Cash for Keys: How Not to Lose This Money if You’re in Foreclosure and File Chapter 7 Bankruptcy

Home Foreclosure News: Bankruptcy Attorney Explains Why Foreclosure Is Inevitable for the Vast Majority of Homeowners Going Through the Home Loan Modification Process

Credit and Foreclosure: 5 Easy Things You Can Do TODAY to Start Repairing Your Credit After Foreclosure

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

Home Loan, Bad Credit and How to Qualify: Yes, It’s Still Possible, But . . .

Home Foreclosure News: Owning a Home Becoming a Lot Harder for Lots of Americans Because of the Foreclosure Crisis

Home Foreclosure: The New Credit Standards to Qualify for a Mortgage Brought on by the Crisis

Foreclosure Laws: Divorce, Debt & Foreclosure – What Every Dependent Spouse Needs to Know

Foreclosure Consequences: Exploring “Voluntary Foreclosure”

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

About the Author: The author is a professional that formed FilingBankruptcyNow.Com which provides information for debtors considering filing bankruptcy under Chapter 7 and Chapter 13 bankruptcy and helps individuals stop foreclosure and eliminate their debt by putting them in touch with a local bankruptcy attorney.

Understanding the Robosigning Mortgage Settlement Offer: 8 Key Things Every Homeowner Facing Foreclosure Should Know

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

The National Mortgage Settlement with the five largest mortgage lenders have been announced. Let’s review some of the finer points and discuss how this $25 billion foreclosure settlement will/can help struggling homeowners.

1) RE Time Period: Over a 3-year period, lenders will begin reviewing for eligibility of homeowners who may be awarded a cash restitution if they lost their house to foreclosure within this timeline, January 1, 2008 to December 31, 2011.

2) RE Ownership of Mortgage: Your mortgage must be owned by Fannie Mae or Freddie Mac. This means the government institution of Fannie and Freddie bought the rights to own your mortgage. This is not your mortgage servicer; ie, the ones who  sends you monthly mortgage statements.

Post Continued Below . . .
**************************************************************
Buy Foreclosures Cheap! Get Firsthand Advice from a Real Estate Investor, Landlord and RE Cleaning Company Owner
buy-foreclosures-cheap2
**************************************************************
3) Eligible States: Only States that participated in the Foreclosure Settlement will be offered help under the terms of this deal. So far, Oklahoma is the only state that will not qualify for assistance, as this state chose not to be part of the lawsuit.

4) Banks Included: The 5 major banks included in this settlement are: Bank of America, Citi, JP Morgan Chase, Ally/GMAC and Wells Fargo.

5) RE Underwater Homeowners: $10 billion will be allotted for principal reduction relief to current homeowners who are underwater.

6) Funds for Refinancing: $3 billion will be allotted for refinance relief for homeowners.

7) Help for Military Homeowners: Service Members will also benefit from the foreclosure mortgage settlement if they were wrongfully foreclosed on. The SCRA Act protects service members and was enacted on December 1, 2006.

Note: SCRA is the acronym for the Servicemembers Civil Relief Act. It is “. . . the law that now governs legal protections for members of the United States Military.” Learn more about the SCRA Act.

8) More Help for Military Personnel: Service Members may also find relief if they were charged interest over 6% from January 1, 2008 to present.

Many Lenders are also now announcing new programs to help struggling homeowners and as we predicted more and more lenders will be offering principal reductions as a means to help the housing market recover and also homeowners.

Changes to HARP, the Government’s Home Affordable Refinance Program, Explained

Under the recent changes to HARP 2.0 program established by the Obama administration, the program highlights are as follows:

1) RE Payment History: You must have a good 12-month payment history;

2) Loan-to-Value Ratio: LTV must be higher than 80%;

3) Mortgage Ownership: Mortgage must be backed and owned by Fannie Mae or Freddie Mac;

4) RE Refnancing and HARP: If you refinanced under HARP previously you would not be eligible; and

5) Date of Mortgage Ownership: Fannie Mae / Freddie Mac would need to be the owner of the mortgage after May 31, 2009.

If you are interested in refinancing under the HARP program you should contact a licensed mortgage broker and contact your lender.

The above are only some of the highlights to the settlement and to the HARP program it will take some time to see how these programs will really impact struggling homeowners. Check back for more important articles and updated news about foreclosure nationwide, specifically Florida.

Related Posts

Foreclosure Deal: One REALLY Good Thing to Come Out of It for Homeowners

The OTHER Foreclosure Settlement: You May Be Eligible to Be Paid TWICE – Even If You Didn’t Lose Your Home to Foreclosure

The Foreclosure Deal: Homeowners Who Lost Homes to Foreclosure Have Money Coming — and More Benefits for Those Trying to Hang Onto Their Homes

What the Foreclosure Settlement & More Short Sales Mean for Homeowners Facing Foreclosure

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Home Foreclosure News of the Day: Some States Not Using Foreclosure Settlement Monies to Help Struggling Homeowners

Timeline For Foreclosure In All 50 States  

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

About the Author: Kym Irving is a freelance writer who writes about foreclosure news, real estate news, and other topics of interest to her.

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 4/16/2012

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

FYI: See this post for some helpful info — Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/ Landscaping / Construction Type Jobs.

Property Preservation Specialists Sought by Bank of America (Plano, TX): Mitigates loss to lender and investors by managing the maintenance and repair of bank-owned foreclosure properties (REO properties). Get full details on this property preservation job. Bank also seeks property preservation specialist for San Bernardino, CA area.

Property Preservation Vendors Sought (Salinas, CA): Scope of Duties: Work on foreclosed properties doing this like property inspections, preparing estimates, lawn maintenance, changing locks, board ups, trash and debris removal, general cleaning, etc. Pays weekly! Get full details on this property preservation job.

Property Preservation Specialist (Westlake, TX): Scope of Duties: Responsible for handling the daily activities related to protecting/preserving foreclosed properties for investors. You will utilize an existing customer service platform to prioritize work tasks associated with maintaining the timely and accurate maintenance of a property. Pay Rate: $15/hour! Length of Contract: 5 months.  Get full details on this property preservation job.

****************
Editor Note: Get the average salary for property preservation jobs in your area.
**************** 

Property Preservation Contractors Sought (Portland, OR): Scope of Duties: Perform repairs on foreclosed properties, eg, hang dry wall, paint, roof repair, HVAC installation/repair, etc. Must have liability insurance. Get full details on this property preservation job.

Post continued below . . .
**************************************************************
Spring is Here! And, as these opportunities illustrates, there are plenty of foreclosure cleanup (and RE-related jobs out there). Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
**************************************************************

Property Preservation Contractor (Savannah, GA): Scope of Duties: Maintain bank-owned properties, eg, mow lawns, perform minor repairs, prepare estimates of work needed to be done, remove trash and debris, board up windows/doors, secure property (eg, change locks), etc. Get full details on this property preservation job.

Large Property Preservation Co Seeks Experienced REO & Property Preservation Contractors (Calimesa, CA & Other States (AZ, NV, WA, OR): Seeking property preservation and foreclosure clean up companies who provide the following services: evictions, lockouts, lock changes, sales cleans, debris removal, hazardous removal, lawn maintenance, pool maintenance, boarding up windows/doors; winterizations, pool cleaning, etc. Get full details on this property preservation / foreclosure clean up job.

Related Posts

Want to Know Where to Find Foreclosure Cleanup Clients For Your Business? Look No Further than This . . .

Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/Construction Type Jobs

Advice on How to Bid on Janitorial and Commercial Cleaning Jobs

Foreclosure Cleanup Jobs: New Biz Owner Lands 10 Jobs from Property Preservation Company

Foreclosure Cleaning Jobs: Why Landlords Are Fertile Marketing Ground for Foreclosure Cleanup Businesses

Foreclosure Cleaning: How to Get Non-Foreclosure Cleaning Jobs

Foreclosure Cleanup: Many Cities Allocating Gov’t Funds to Cleaning Foreclosed Properties

FAQs About Cleaning Foreclosures a Living

Foreclosure Cleaning Business: Why You Should Never Discuss Rates or Prices Over the Phone

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

How to Properly Answer a Foreclosure Summons — Without Hiring a Lawyer

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

If you have been served with a foreclosure summons (aka summons and complaint for foreclosure), it is important that you file and serve an answer within the time period required by the law of your state.

How Long Do You Have to Answer a Foreclosure Summons

Typically, the time period for filing and serving your foreclosure answer form will be set forth on the face of the foreclosure summons that was served upon you. For example, the time period for responding to a foreclosure complaint in Florida is 20 days. This means that within 20 days after you are served with the foreclosure paperwork, you must file either what is called an “answer” or if you have grounds, a “motion to dismiss.” In most other states, the time period for filing an answer is similar.

Post Continued Below . . .
***************************************
Start a Business Cleaning Foreclosed Properties.
While the foreclosure crisis has been a nightmare for many, it has presented a perfect small business opportunity for others. Learn how to start a foreclosure clean up business. Read how one foreclosure cleaning business owner rakes in $40,000/wk (not a typo).

foreclosure1

Like this post? Follow Foreclosure Business News on Twitter.
***************************************

What Happens If You Don’t Answer a Foreclosure Summons within the Required Time Period

If you do not serve your answer form within the required time period, a default judgment may be entered against you.

What Happens If You’re Late in Answering a Foreclosure Summons

If the time period has already expired for your to answer a summons you may have received, don’t despair. You may still be able to defend your rights in the lawsuit by filing a motion to extend your time period for answering the complaint.

Particularly in foreclosure lawsuits, courts are generally liberal in vacating defaults. In most jurisdictions, there is a strong presumption in favor of adjudicating lawsuits on the merits, rather than granting victories to plaintiffs based on procedural defects or other technicalities.

Who / Where to File Your Answer to a Foreclosure Summons

With regard to the filing of your foreclosure answer form, it is advisable to hand file your answer with the court clerk. Make sure to take at least 2 copies to the courthouse, so that the clerk can stamp a copy for your records. This ensures that you have proof that your papers were filed with the court.

You should also bring proof that a copy of your foreclosure answer was mailed to the lender’s attorney.

Do’s and Dont’s: What to Say in Your Foreclosure Summons Response Letter

Don’t be long-winded: Keep it short; stick to substantive issues in your foreclosure answer. It is neither essential nor necessarily even beneficial to draft a long-winded, elaborate discussion of the facts.

Do keep it simple: All you have to do is deny those allegations of the foreclosure complaint that are false, and then briefly set forth the affirmative defenses that are available to you under the statutory and common law of your state.

Do use simple “foreclosure law” tactics: For example, if the original lender assigned your mortgage (a fairly frequent occurrence) you should strongly consider raising, as an affirmative defense, the allegation that the plaintiff lacks “legal standing” to bring a foreclosure complaint.

Do cite lender misconduct: In responding to foreclosure, you may also wish to raise, as affirmative defenses, any misconduct of the lender and/or its assignee. This may include deceptive consumer practices, including but not limited to misrepresentations regarding interest and other fees at the time that the loan was consummated. You may also wish to assert that the plaintiff failed to provide notice, required under state law, prior to commencing a foreclosure lawsuit against you.

Filling an Answer to a Foreclosure Summons Doesn’t Have to Be Complicated

If you are unable to afford the services of a private attorney, you may find it useful to download a sample foreclosure answer form that is tailored to the law of your state.

Although such foreclosure response samples or templates are not substitutes for the advice of an experienced foreclosure defense attorney, such forms may serve as useful guides for lay persons who are otherwise unfamiliar with the procedural and substantive aspects of mortgage foreclosure.

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Stopping Foreclosure: What to Do When the Bank Refuses to Accept Your Mortgage Payments & Tries to Escalate the Home Foreclosure Process

Right of Redemption Laws: How to Get Your Home Back – Even After It’s Sold as a Foreclosure

Underwater On Your Home? Filing Chapter 7 Bankruptcy? Should You Reaffirm Your Mortgage?

Mortgage Foreclosure Timeline: How the Foreclosure Process Works & How Long You Actually Have to Move if You Eventually Lose Your Home

Foreclosure Timeline for All 50 States: Get a state-by-state breakdown of how long the foreclosure process takes

Stop Foreclosure Help: What Happens When You Stop Paying Your Mortgage

About the Author: This article is brought to you by the foreclosure defense form specialists at http://www.stopforeclosureforms.com/, an online legal forms provider that was founded by foreclosure defense attorney Marc Rapaport. Mr. Rapaport has 15 years of experience representing the interests of homeowners who wish to save their homes from mortgage foreclosure lawsuits, and he has counseled thousands of homeowners with regard to answering foreclosure complaints.

Foreclosure News of the Day: Wells Fargo Accused of Maintaining Foreclosed Properties in White Neighborhoods Better Than Those in Minority Communities

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

The foreclosure crisis has spawned a number of problems that have  a ripple econ0mic effect for coummunities across the nation — everything from:

Lenders illegally foreclosing on homeowners (robosigning);

To it being harder for wannabe homeowners to qualify for a home loan; to a rise in crime in communities plagued by high foreclosure rates;

To plummeting property values.

Post continued below . . .
**************************************************************
Spring is here and there are plenty of foreclosure cleanup (and RE-related jobs) out there. Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
**************************************************************

Now, a new problem is rearing its head — discrimination based on location when it comes to maintaining foreclosed properties. Wells Fargo is being accused. The BaltimoreSun.com article, Fair housing group files foreclosure maintenance complaint against Wells Fargo states:

The “data and pictures collected in this investigation demonstrate that Wells Fargo has engaged in a systemic and particularized practice of maintaining and marketing its REO properties in a state of disrepair in communities of color while maintaining and marketing REO properties in predominantly White communities in a materially better . . .

As if this housing crisis hasn’t spawned enough problems . . . 

Related Posts

Foreclosed Properties Continue to Drag Down Construction of New Homes: What It Means for the Average Joe

Stop Foreclosure: 1 Really Easy Thing You Can Do to Buy More Time to Save Your Home

Home Foreclosure News of the Day: 8 More Lenders to be Fined by the Feds for Illegal Foreclosure Practices

Foreclosure Deal: One REALLY Good Thing to Come Out of It for Homeowners

The Foreclosure Deal: Homeowners Who Lost Homes to Foreclosure Have Money Coming — and More Benefits for Those Trying to Hang Onto Their Homes

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

©2012: Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Next Page »