Monday, 13 May 2013

How Can You Stop Foreclosure On Your Own!

Not long ago, we were facing foreclosure, and let me tell you, it was scary! I hated the idea of losing our beautiful home but had no idea how to stop home foreclosure. In desperation, I began surfing the Web, looking for whatever I could find on the subject. Almost by accident, I came across, and I’m so glad I did! This easy-to-use website had all the answers to all of my questions, and I felt so much better after my visit.

Let me share some of the things I learned from this very helpful site.The answer to “Can you stop foreclosure?” is a resounding yes! It is possible, and it may not be all that difficult. There are two main procedures that can help stop foreclosure. One is a loan modification, and the other is a mortgage refinance loan. When a loan is modified, changes are made to it that will make it easier to afford. With a refinance, the entire original loan is paid off and a new one that has better rates or terms is drafted. The goal of both processes is to reduce the homeowner’s payment so they can keep their home. was instrumental in our remaining in our house, and I’m very grateful to the folks there. Let’s look at more of how they helped us.

The first question I asked when I contacted by phone was “How do you stop foreclosure?” I was terrified that the bank would take our home from us because we’d fallen quite a bit on our mortgage payments. I was told to look into President Obama’s Home Affordable Modification Program, or HAMP, as it’s called. This is a program specifically developed for homeowners like us – down on our financial luck, living hand-to-mouth – who are struggling to make their payments. Through modification of our mortgage, we lowered our payment by almost 40%! We were very happy about that, for sure!

Another option to make a foreclosure procedure stop is by applying for HARP, the Home Affordable Refinance Program, also sponsored by the federal government. In this situation, a homeowner whose mortgage is owned or serviced by Fannie Mae or Freddie Mac can be refinanced so he can handle the new payment. He will have to have gotten the mortgage on or before May 31, 2009 to qualify, and he has to be current on the loan. Anyone can apply for either HAMP or HARP with any participating lender, and there are plenty of them due to the enticing incentives the government offers financers. helped my family out of a stress-inducing, horrible situation, and I am eternally grateful to the people there. This terrific site connected us to the expert fiscal professionals who could answer the questions we had –for free. Give them a call at 1-800-987-1397 for a no-cost consultation.

Wednesday, 1 May 2013

Government Grants To Stop Foreclosure- How They Can Help You?

Have you ever had to come up with ways to stop foreclosure? I have, because my husband lost his job, which caused us to fall behind on our mortgage. My first reaction upon receiving notice of foreclosure papers from the bank was to panic. My husband and I talked and then I went online to This wonderful website was there for me, providing me with many options. One of these was to talk to my banker to see if he could help me. He told me about getting a loan to stop foreclosure, but my credit has been so damaged by my late or missed payments on everything that I couldn't qualify for it.

My banker then told me about some government programs to stop foreclosure, such as HAMP (Home Affordable Modification Program). I had no idea what a loan modification was, but it turns out that a loan is modified when changes are made to it to make it more affordable. There is also HARP (Home Affordable Refinance Program), which can also lower my monthly payment by refinancing the mortgage. Refinancing a mortgage means that the first loan is paid off and a new one is formulated to be more affordable.

Did you know that there are government grants to stop foreclosure? I sure didn't  until I looked more closely at If you’re a single parent having a tough time, there’s a grant for you. If you’re unemployed, you have one, too. I was happily surprised to realize how much “free” money there is to help folks keep their homes. I immediately went to the government’s site to fill in my applications.

Thanks to www.Real-Estate-Yogi.Com, I was able to stop foreclosure proceedings and maintain ownership of my home. They helped me; they can sure help you, too. Give them a call at 1-800-987-1397 any time to talk over your real estate problem. A friendly and knowledgeable staff member is always there for you.