http://www.foreclosurebusinessnews.com Investing, Loan Modifications, Short Sales & More! Tue, 09 Mar 2010 19:16:01 +0000 http://backend.userland.com/rss092 en When you start a foreclosure clean up business, there are going to be times when you’re going to have to hire help. If you’ve never done this before, it can literally devour your profits and ruin your business reputation. Following are a few things to keep in mind when hiring ... http://www.foreclosurebusinessnews.com/how-to-staff-foreclosure-cleaning-jobs-for-profit/ Are you facing home foreclosure? Did you know that banks have to "produce the note" that proves that you owe the debt? This report shows that a whopping 40% of the time, banks have lost the paperwork (eg, the promissory note). And, this can be your best defense for stopping ... http://www.foreclosurebusinessnews.com/prevent-foreclosure-advice-a-cnn-special-report/ Banks have been failing in the U.S. in record numbers since the mortgage crisis hit with full force in 2007. Proof? In the first two months of 2010, over 20 banks have already failed? This puts us on tap to at least match 2009 bank failures, which topped out at 140. To ... http://www.foreclosurebusinessnews.com/why-bank-failures-can-mean-subvending-contracts-for-foreclosure-cleanup-businesses/ According to the BusinessWeek.com article, Obama May Prohibit Home-Loan Foreclosures Without HAMP Review, the Obama consideration has put forth a proposal to stop lenders from foreclosing on homeowners -- at least until they have been screened and rejected by the government's HAMP program. The article states: The proposal, reviewed by lenders last ... http://www.foreclosurebusinessnews.com/obama-to-stop-banks-from-foreclosing-on-homeowners/ There are many ways to prevent foreclosure. Many of them most homeowners facing foreclosure know at least something about, eg, loan modification, refinancing, short sale, etc. But most homeowners don’t know about another option that can help them stop foreclosure. What is it? A forensic loan audit. Prevent Foreclosure Advice: What ... http://www.foreclosurebusinessnews.com/prevent-foreclosure-advice-about-forensic-loan-audits/ Some homeowners facing foreclosure are getting frustrated and taking matters into their own hands. An Ohio man recently did just that, bulldozing his own home, which was valued at $350,000 -- and that he only owed $160,000 on. He said he told the bank that was foreclosing on him, "I'll tear it ... http://www.foreclosurebusinessnews.com/home-foreclosure-news-frustrated-homeowner-bulldozes-own-home/ While the economy is sputtering its way to recovery if recent statistics on unemployment are anything to go by, home foreclosures remain a problem. Housing and financial experts predict that 4-5 million foreclosed properties have yet to come onto the open market. Why? One reason is, banks are purposely NOT foreclosing ... http://www.foreclosurebusinessnews.com/home-foreclosure-news-why-banks-are-not-foreclosing-on-homeowners-in-default/ According to the Financial Times article, US home loan foreclosures reach record high, some 15% of American homeowners are either in foreclosure or late on their mortgage as of the 4th quarter of last year. This is in spite of the help the Obama administration has put forth to stem the ... http://www.foreclosurebusinessnews.com/home-foreclosures-in-us-reach-record-highs-what-it-means-for-the-average-joe/ Government Stimulus Money FINALLY Flowing Into Communities: This Means Contracts for Foreclosure Cleaning Companies (& Other RE Service Businesses) The government stimulus money for many housing projects around the country is starting to be allocated, as we discussed last summer here in the post, Foreclosure Cleaning Contracts on the Way? When Will ... http://www.foreclosurebusinessnews.com/foreclosure-cleaning-contracts-learn-how-to-register-your-business-whud-other-govt-contracting-agencies/ Many homes that have been foreclosed upon will have no electricity (sometimes no water either, for that matter). But, in most cases, you need it to do your foreclosure cleaning work properly. So, what do you do? How can you get the job done when the home has no power? In ... http://www.foreclosurebusinessnews.com/foreclosure-cleaning-job-advice-on-when-home-has-no-power/