• Short sale pitfalls

    One out of every three homeowners has a negative equity position in their home. Meaning they owe more than the home is worth. This can and will negatively impact a homeowner if they fall behind on their mortgage. The problem is that when they become more than 90 days behind on their mortgage the lender [...]

  • Bankruptcy and Foreclosure Defense

    Foreclosure Defense is quickly becoming the only real way for a homeowner who is either upside down in property value or in foreclosure to stay in their home. By filing very specific counter claims and proactively attacking the bank for real fraud and predatory lending, which 90% of all loans contain the homeowner is putting [...]

  • 7.2 Million Loans Behind on Payments

    More than 7.2 million mortgage loans are now behind on payments and one million properties are now in real estate-owned status, according to the January 2010 Mortgage Monitor report from Lender Processing Services in Jacksonville, Fla. Home delinquency rates have surpassed 10%. The total foreclosure inventory rate is 3.2%, and the total non-current rate, which [...]

  • Minorities and Foreclosure

    The largest demographic of homeowners in foreclosure are minorities, primarily consisting of Blacks and Hispanics. This was caused in large part to a very loose lending known as the subprime market. Subprime stands for anyone who had at that time a 680 or less credit score and individuals that could not verify their income on [...]

  • How To Repair Your Credit

    During our whole life we have been taught that being a responsible fiscal adult meaning having a great credit score. Most Americans take great pride in their credit score. It allows you to buy whatever you want even if you can’t afford it and get the best interest rates offered at that time. Over the [...]

Foreclosure Defense Wikipedia

Foreclosure Defense Wikipedia

A legal strategy in which a homeowner retains the services of an attorney to complete a forensic loan audit of all the documents associated with the mortgage. The attorney is looking for fraud and predatory lending violations that can then be used to aggressively counter sue the bank for damages. This process can typically take [...]

Apr 24, 2010 | 0 comments | View Post
Foreclosure Wikipedia

Foreclosure Wikipedia

The legal process, in which the lender must use the court system to serve notice to the homeowner that they are
accelerating the payoff of the note due to non-payment. The bank must follow a series of steps in order to get a judgment for foreclosure. Once the judgment has been entered the lender now has [...]

Apr 24, 2010 | 0 comments | View Post
Stop Foreclosure

The Top Two ways to save your home

The tide is beginning to turn for homeowners facing foreclosure. There is a new movement on the horizon that is revolutionizing how people save their home. It has been no secret that the banking and lending industry is hands down the most profitable business in the world.
The powers that be control the money and therefore [...]

Apr 20, 2010 | 0 comments | View Post

WHAT IS FORECLOSURE DEFENSE?

WWW.FORECLOSUREDEFENSEGROUP.COM
Never before have we seen so many homeowners faced with the possibility that they may lose their home.
Due to current economic hardships, millions of people find themselves struggling to pay their bills. Combine this with a slumping housing market, tightening of the lending industry and massive layoffs of big businesses; it [...]

Apr 05, 2010 | 0 comments | View Post
Forensic Loan Audit: Worth its weight in Gold

Forensic Loan Audit: Worth its weight in Gold

The numbers never lie and depending on which source you sight the numbers is between 70%-90% of all residential loans since 2003 contain some sort of fraud or predatory lending. Even on the low end the numbers are staggering considering millions of mortgages have been funded and sold since then. What exactly does fraud or [...]

Mar 02, 2010 | 0 comments | View Post
The importance of reading your loan documents prior to closing

The importance of reading your loan documents prior to closing

By law a homeowner is suppose to receive all closing documents three days prior to any real estate closing. Allowing that homeowner enough time to intelligently decide if the terms and condition contained within the loan is what was originally sold to them and make sure all terms and agreements meet the approval of the [...]

Mar 01, 2010 | 1 comment | View Post
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