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Avoid and Stop Foreclosure - Help at RealtyTrac
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www.realtytrac.com
- Tuesday, February 3, 2009
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Betting Everything on the House: 3 Risky Loans to Avoid
Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment. Buyers who intend to own a home for a short time, or can handle higher payments in the future, may consider ARMs. Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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CO Gives Owners More Time to Fix Foreclosure
gives Colorado homeowners who enter foreclosure more time to “cure” the loan in foreclosure before the public foreclosure sale. In the past, Colorado homeowners had 45 to 60 days from the commencement of foreclosure proceedings — initiated by what is called a notice of election and demand — to cure the loan by making all past-due payments along with late charges and other costs. This redemption period allowed homeowners who had been foreclosed on A state law that took effect Jan. 1
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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U.S. Foreclosure Laws
Knowing the process in your state will help you adopt a more effective investing strategy and avoid procedural pitfalls. State Foreclosure Laws Quickly locate and review the foreclosure law specific to your state � or any state you�re considering investing in. Select A State Alabama Alaska Arizona Arkansas California Colorado Connecticut
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosure Crisis Sparks Surge in Arson
Facing foreclosure, some homeowners are setting fire to their homes for the insurance money. Consider the following: In South Carolina , a homeowner was charged with burning her home on the eve of foreclosure. In Colorado , a homeowner was convicted for setting his home on fire to prevent the lender from repossessing the property. “We’ve In desperate times people resort to desperate measures. But they usually end up with a criminal conviction instead of cash.
www.foreclosurepulse.com
- Tuesday, December 16, 2008