If you sell real estate, you have likely discovered that...
High quality leads are the lifeblood of your business. For any real estate agent seeking to thrive (and not just survive) in today's highly competitive market, the generation of these leads needs to happen 24/7.
Every day, new and established agents are waking up to the fact that an effective online presence has become more than just a good marketing idea. An effective online presence is now mandatory.
Those who want to succeed over the long term must be willing to go where today's buyers and sellers are... online.
Online lead generation opportunities increase exponentially each day as more buyers and sellers turn to the Net to begin their searches for new homes and new agents. The real estate agents who are willing to invest in developing an effective online presence today.
To learn more log on to http://bit.ly/onlinepresence
Kyle Ransom
CEO
Ultisky Inc.
Mosnarcommnications Inc.
http://www.mosnarcommunications.com/
It is now estimated that the current unemployment rate is a record high of 9.5%. Plus expected to rise even higher in the coming months. This will mean that hundreds of thousands of people will be without a job and therefore without earnings. Yes, those people who recently lost their jobs will receive unemployment benefits. However, it usually is not enough to cover the mortgage and therefore qualify for a loan modification or a Chapter 13 Bankruptcy to stop foreclosure. So what does this mean for you if you are behind on your note?
The most common options that are in place to assist homeowners in default and keep them from being foreclosed on require proof of the ability to pay on their notes. What if you are one of those people who primary wages comes from a job and you recently lost your job? This means you most likely would not qualify for any assistance from the help options most widely talked about.
Foreclosure Default Options:
HAMP is a government program that stands for (Home Affordable Mortgage Program). It was introduced to entice banks to offer loan modifications by offering tax guarantees in case the loans should go back into default.
A chapter 13 Bankruptcy is basically a structured repayment plan that is authorized by the U.S. Federal Bankruptcy Court where the courts determine a monthly payment to pay down your debt.
If you can't show financial earnings and qualify your chances of being approved are slim for both HAMP and a chapter 13 Bankruptcy plan.
In order to effectively save your home from foreclosure, you must look to other means to keep the lender from taking your house. Do you know that the majority of mortgage loans that were originated before the mortgage market cashed were not properly documented? This was mainly due to the fact that banks were more concerned with making a profit and selling their loans off. This actually provides you with many options and solutions to defend your foreclosure default.
So, instead of being on the defensive, go on the offensive. If you lender has served you with a dreaded notice of foreclosure default the first thing you should do is respond to that notice! You must put the burden of proof on your mortgage company and make them prove that they have the legal standing and right to take your home for non-payment. If you arm yourself with the right information the chances are they will not be able to.
For More infomation on this you can get a free copy of my report Secrets Lender Don't Want You To Know
http://gofightforeclosure.com/freereport.html
Unfortunately, many homeowners don't contest the foreclosure and end up losing their homes or have tried to find a solution to stop foreclosure through conventional means i.e. Chapter 13 Bankruptcy or through a loan modification with moderate success overall. The problem though is that a Chapter 13 almost requires that you hire a lawyer to get it done. If you hire a lawyer, you will need to pay a fee of about $3,500 or more plus court fees. Yes the payments can be put in the bankruptcy monthly payment plan but guess what? The payments mostly all go toward fees before one dime goes towards paying off your debt. So you have essentially picked up another creditor. This is not what you need if you are having trouble making your mortgage payments.
A loan modification is troublesome because many lenders are difficult to work with if you try to do a loan modification yourself, so you almost have to hire a third party to negotiate your loan modification terms for you to get it done. And while there are some reputable companies that offer loan modification services and even free services, many scammers take your money and let the house foreclose. So you have to be careful about who you decide to work with.
Typically your mortgage lender is unwilling to grant you the best deal in a loan modification at first. Generally, a loan modification or filing a Chapter 13 first is not the best alternative to stop foreclosure. It will be necessary to challenge your mortgage lender's rights to foreclose to ensure you get the best deal to receive a mortgage note you can actually afford to stop your foreclosure.
There is a growing trend across the nation which local judges are issuing court orders to stop foreclosures because the lenders are unable to show that they legally own the mortgage notes in due course.
In other words lenders are failing to show proof how they took possession of the mortgage notes. A good example of this would be like having anyone off the streets approach you and say, "You owe me $140K pay me or I am going to foreclose on your home." Without showing any proof that you owe that person, so why should you pay the lender without any proof that they own your home? This is essentially what the majority of mortgage lenders are doing today and largely lenders can not produce the original mortgage notes but have a harder time showing that they own the mortgage notes in due course to have a legal standing to foreclose.
For More Information log on to http://gofightforeclosure.blogspot.com/
Residential and Commercial Hard Money Lending, Internet Marketing, Network Marketing, Web 2.0, Affiliate Marketing, E-Commerce, Foreclosure Prevention and Training, Real Estate Investing.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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