http://www.foreclosurebusinessnews.com Investing, Loan Modifications, Short Sales & More! Mon, 26 Jul 2010 16:55:22 +0000 http://backend.userland.com/rss092 en If you’re trying to prevent foreclosure, one of the things you may encounter when you start getting behind is a mortgage payment you send in being sent BACK to you (yes, the bank giving you your money back). In essence, they start refusing to accept your mortgage payments -- and ... http://www.foreclosurebusinessnews.com/stopping-foreclosure-what-to-do-when-the-bank-refuses-to-take-your-mortgage-payments/ As we discussed at length in the last post here, 9 Million Homeowners Could Go Into Foreclosure Between 2009 & 2012. One of the first things a lender has to do when a property is foreclosed on is have it secured. This presents an excellent opportunity for foreclosure business owners to ... http://www.foreclosurebusinessnews.com/foreclosure-clean-up-how-to-start-this-biz-and-start-making-money-quickly-without-spending-a-lot/ Home Foreclosures Rising for Prime Borrowers   As we’ve talked about here on this blog ad nauseam, the home foreclosure crisis is now affecting those with previously good credit, ie, the average Joe who had a steady job, good credit and always paid his bills on time.     Now, with home prices continuing to ... http://www.foreclosurebusinessnews.com/home-foreclosure-news-9-million-face-foreclosure-2009-2012/ If you're facing home foreclosure, there's a high probability you're having trouble paying other bills as well, eg, your car loan, your student loan, etc. And, this is what makes what I'm about to tell you so scary. Home Foreclosure & Your Finances: Why You Need to Be Worried if You Have Multiple ... http://www.foreclosurebusinessnews.com/home-foreclosure-bank-law-right-of-setoff-or-right-of-offset/ It’s funny, a few weeks ago I was talking to a friend of mine who is a realtor. She also happens to be an investor and landlord. Upside Down Real Estate Investor Considers Voluntary Foreclosure She’s upside down on a few of her homes and many a time has entertained the ... http://www.foreclosurebusinessnews.com/home-foreclosure-news-consumers-spend-more-experts-say-it%e2%80%99s-because-many-have-stopped-paying-their-mortgages%e2%80%8f/ Finally, an easier way to get foreclosure cleanup work is here. The Property Preservation & Real Estate Industry Contracting & Subcontracting Directory includes over 1,500 industry contacts to help you get more work - quicker and easier. With this guide, you will be able to IMMEDIATELY start marketing your services to ... http://www.foreclosurebusinessnews.com/foreclosure-cleanup-business-owners-get-over-1500-contacts-to-help-you-land-foreclosure-cleaning-jobs/ Home foreclosure scams have contineud to grow as the home foreclosure crisis -- which began roughly in the fall of 2007 -- continues to rage on. And, the more desperate homeowners become, the more they seem to fall, unfortunately, for these scams. Attorney General Cracking Down: Sends "Cease and Desist Notices" ... http://www.foreclosurebusinessnews.com/prevent-foreclosure-scams-ny-attorney-general-cracks-down/ In today's financial publication, MarketWatch.com, it was reported that home loan modifications via the government's "prevent foreclosure" program, HAMP, helped to keep many homeowners out of foreclosure. But considering the post we did here yesterday on HAMP's efforts in this area (home loan modification), one has to wonder: How long will these ... http://www.foreclosurebusinessnews.com/home-loan-modifications-via-governments-prevent-foreclosure-program-go-up-but-will-it-help-stem-the-tide-of-foreclosures/ Many homeowners facing foreclosure are desperate to modify their existing mortgages. But, if recent statistics are anything to go by, even this won’t save them from losing their homes.   Why Up to 75% of Those Who Get Home Loan Modifications via HAMP are Likely to Default   According to the recent CNNMoney.com article, up ... http://www.foreclosurebusinessnews.com/home-loan-modification-help-loans-modified-via-hamp-likely-to-go-bad/ It seens that even being the President doesn't inoculate a homeowner against the foreclosure crisis. According to the recent MSN.com article, Presidential homes hit by housing crash, the President's home in Chicago, which he and wife Michelle purchase in 2005 for $1.65 million, has decreased in value by anywhere from 5% ... http://www.foreclosurebusinessnews.com/home-foreclosure-news-how-president-obamas-home-has-been-affected-by-foreclosure-crisis/