Bank of America Restarts their Foreclosure Processes

A week back, when majority of the banks announced that they would stop all foreclosure evictions during the holiday period, it was taken for granted that there would be no evictions even before the holiday period. However, there is bad news for some as Bank of America on Friday 10 December announced it had asked its attorneys to start sales on delinquent properties with immediate effect. The announcement was made by Bank of America spokesperson, Dan Frahm. Nevertheless, foreclosure sales will take place until 20 December and then will be resumed after 3 Jan 2011. Bank of America had declar...
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Helping With Foreclosure

Foreclosure is a distressing fact of life in these bad economic times. Many homeowners are struggling and finding themselves on the brink of foreclosure.They are missing payments and even worse are actually receiving notices of default, but they do have several options to help them. Most options are made available without complex requirements and anyone can explore them if they act fast enough. Banks and lending institutions generate their profits from interest earnings on the loans that they give out, so they are badly affected if you don't make the required payments. They would rather no...
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How to Avoid the Foreclosure Process

Foreclosure is the situation when a property owner cannot make the payments to the principal loan or even to the interest of the principal loan. The inability to pay leads to the property being seized and sold. That is foreclosure of property. There are basically 4 major steps in the foreclosure process. The first stage is the 'notice to accelerate'. This notice is sent to the home owner who is 60 days past due to a payment. Even after missing a monthly payment for the first time, you can be assured that the lender will contact you about your status. After the second month of inability to p...
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FHA Foreclosure Loan – Avoid Foreclosure And Refinance Your Loan

With the growing problem of numerous people loosing their jobs and never being able to maintain everything to include house payments. Lots of people are searching for alternatives to keep their homes and keep their families safe. There is a way FHA is now offering people the opportunity to avoid foreclosure through potentially refinancing the loan. . But, you have to be careful, with respect to the way your house loan is to establish, this may be difficult. The best thing to do, would be to call your lender to discover. The companies don't want you to definitely loose your homes, not even c...
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How to Avoid the Foreclosure Process

Foreclosure is the situation when a property owner cannot make the payments to the principal loan or even to the interest of the principal loan. The inability to pay leads to the property being seized and sold. That is foreclosure of property. There are basically 4 major steps in the foreclosure process. The first stage is the ‘notice to accelerate’. This notice is sent to the home owner who is 60 days past due to a payment. Even after missing a monthly payment for the first time, you can be assured that the lender will contact you about your status. After the second month of inability to ...
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