Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

Best Foreclosure Loan Providers, Resources and Tips

Foreclosure is never an option you think about when purchasing a home. However, sometimes circumstances come around where foreclosure could be a possibility. Foreclosure happens when you no longer make payments on your mortgage - for whatever reason and the lending institution takes your home from you as payment for the outstanding debt. Having a foreclosure on your record will seriously damage your credit score for a long time and may prevent you from being able to purchase another house in the future. How can you avoid foreclosure?

Talk to your lender. Don't be afraid or embarrassed about speaking with your lender about your financial difficulties. The lender does not want to take your property; they are not in the business of selling houses, which is what they have to do with properties after they are foreclosed upon. The longer you wait to talk to your lender, the harder it will be to work out a solution.

If you are behind on payments because of a temporary problem, such as a short period of unemployment, or illness - then you might ask for one of the following solutions: forbearance, repayment plan, or reinstatement plan. Forbearance is a temporary halt to your payments. Interest will still accrue, which will be added to the remaining balance of the loan and you will then shortly begin making full payments on the mortgage when the forbearance period ends. Repayment plan is best if you can continue to make your regular payments on time and set up a payment schedule to pay a bit more each month so that you can work off the late payments over time. A reinstatement plan is best for you if you can resume regular payments and are able to pay off the late payments in one lump sum.

Below are some foreclosure service companies that can help you deal with the foreclosure process. They might even help you keep your home.

Service Provider: Home Assuare

  • HomeAssure gives FREE foreclosure consultation to help assess your current situation.
  • Company can represent you and help negotiate a suitable resolution with the foreclosing bank.
  • They can help stop the foreclosure process and allow customers to keep their homes.
  • They make dealing with your foreclosing lender much easier.

Lender: Credit Axis

  • We guarantee anyone a bad credit loan or credit card approval through our directory of little-known lenders.
  • We also offer a unique credit repair kit and a do-it-yourself bankruptcy filing kit.
  • Our information is applicable to residents of the U.S., Canada, and the UK.
  • Our bad credit lender directory and do-it-yourself kits are all downloadable from our members-only area.

Foreclosure Service Provider: Realty Store

  • RealtyStore is the #1 provider of Foreclosure information in the nation.
  • Realty Store has the premier database of foreclosure properties, which sell for much less than "ordinary" homes (up to 50% less according to industry reports).

If you foresee that your income will be reduced for a long period, you might want to consider these options. Refinancing your existing mortgage. If you have enough equity and have held your mortgage long enough - you might be eligible for refinancing and rolling the past due amount into your new mortgage. You can give your property back to the lender by way of Deed in Lieu of foreclosure. The bank then accepts your house as payment of your mortgage in full. Deed in Lieu will leave you without a home, but will not affect your credit score as much as a full foreclosure. Sell your house on your own. If you are in pre-foreclosure proceedings, you may be able to get the bank to stop proceedings if you agree to sell your home. You must follow through on the sale and the lender may put a time limit on it, so that may mean taking a lower price for the home than you might otherwise to get a fast closing.

Depending on the type of mortgage you have, your lender may have other programs available to help stop the foreclosure. Time is of the essence here, the sooner you speak with your lender, the more choices you will have to avoid foreclosure.


Click here for a list of all the articles on mortgage and loan tips.

Other Related Articles:

New Home Construction Loans 101
When you are ready to build your first home or that dream home that you have been wanting for so long you will probably wind up needing help with the financial part of the building process. The funding for your new home is available through new...read more

Home Equity Loan Refinance - Important Facts
Refinance refers to applying for a secured loan intended to replace an existing loan secured by the same assets.You must speak with a finacial advisor before you decide to refinance. Refinancing the loan you had taken at higher rates is a...read more

Why a Debt Reduction Loan makes good financial sense
There are many good reasons why a debt reduction loan makes good financial sense. Many people carry a number of credit cards with high balances and high interest rates. Making even the minimum required monthly payment can be difficult. Credit cards...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map