Discover The Truth - Foreclosure Help

Here's the truth about foreclosure help. Lenders want your mortgage payments, not your home. Mortgage companies are not in the business of owning homes.

This is great news for home owners today. It's also why mortgage lenders are willing to help you avoid foreclosure.

After all, there's more assistance to stop foreclosure than ever before. So, act now if you think you are going to be late on mortgage payments.

Ask For Foreclosure Help

Ask for help. This is one time you shouldn't try to tough it out on your own. It's too serious. When it comes to being late on mortgage payments, there's no time to spare. Contact your lender for foreclosure help at once.

Must Attend! Making Home Affordable Community Events

February 24, 2012 Making Home Affordable Local Event in Tampa, FL
February 22, 2012 Making Home Affordable Local Event in Miami, FL
Find immediate help at Making Home Affordable Local Community Events

Ask Kate! Home Affordable Refinance Program HARP Updates

February 1, 2012 100 day anniversary of HARP II Sweeping Changes
December 1, 2011 Lenders begin taking Harp II Mortgage Applications
November 15, 2011 HARP II Eligibility (Announcement 2)
October 24, 2011 HARP II Mortgage Refinance Closing Costs
October 24, 2011 HARP II Sweeping Changes (Announcement 1)

10 Foreclosure Alternatives - Ask Your Lender

  1. Hope Now - A voluntary mortgage industry alliance assisting home owners in distress, HOPE NOW counsels American home owners to help prevent foreclosure. HOPE Now reports 5 million loan modifications from its inception in 2007 through November, 2011. Homeowners who are concerned that they will not be able to continue making monthly house payments can call the Homeowners HOPE Hotline - 888-995-HOPE.

  2. Reinstatement - This requires a lump sum to bring delinquent mortgage payments current. If a lump sum payment works for you, great! But let's face it. If you actually have saved enough money to repay missed mortgage payments, you probably would not be in need of foreclosure help. Right? So let's explore some other options.

  3. Special Forbearance - If you are experiencing temporary circumstances that cause you to get behind on mortgage payments, your lender may give you a short period of time with reduced payments or no payments at all. Be prepared to present an eventual solution to resuming regular mortgage payments. Lender will want to know why your financial problems will be short-term. Forbearances won't last forever.

  4. Mortgage Modification A - Another solution to avoiding foreclosure is to ask your lender to extend the number of years to repay your mortgage. Even though it will take you longer to pay off your mortgage, loan mods are a great alternative to foreclosure.

  5. Mortgage Modification B - Here your lender actually refinances your home. The terms might not be perfect but if the refinance modification lowers your payment and saves your home, explore the options. And be smart. Like Jerry learned, know when to stop shopping and accept the lender's offer to stop mortgage foreclosure. See what other Readers like you ask Kate about loan modification.

  6. Short-Pay - If you're attempting to sell your house with an appraised value less than the mortgaged amount, ask about a short-pay. This means your lender agrees to accept less than full payment of your mortgage. You'll be able to proceed with your sale. Your lender might even be willing to give you a certain amount of time without mortgage payments while you sell your home.

  7. Deed in Lieu of Foreclosure -- This resembles a voluntary repossession. Deed in Lieu of Foreclosure should be your last resort. Most lenders do not want your house back and are willing to work with you before it comes to this.

  8. FHA Loans - For those with FHA mortgage loans, the FHA-Insurance fund might pay some of delinquent mortgage payments to lenders. Certain restrictions apply. After the lump sum is paid by FHA, you must be able to resume the mortgage payments. U.S. Department of Housing and Urban Development will place a lien on your home for repayment of the lump sum when you refinance or sell your home.

  9. VA Loans - The U.S. Department of Veterans Affairs offers foreclosure help to VA home owners.

  10. FHASecure - Cancelled. This was a foreclosure help alternative for home owners who did NOT have an FHA loan. The current mortgage had to be an adjustable rate mortgage with a payment that was resetting. Many of these were subprime mortgages.

Updated! Ultimate Mortgage Loan Modification Guidebook

Super Kate cares about your best mortgage rate.

Now includes an analysis of President Obama's loan modification program guidelines, detailed benefits, and how to get loan approval.

Super Kate wants you to hang on to your piece of the American Dream.

Read more about the The Ultimate Mortgage Loan Modification Guidebook to see how it's possible.

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Haven't found what you're looking for? Here's the solution! Go ahead and Ask Kate for answers.

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More Help To SAVE Your Home

"Can I do a Mortgage Loan Modification myself?" The answer is yes. But find out the first question you really should be asking.

Special Edition Making Home Affordable is an overview of 13 options for homeowners struggling with unaffordable house payments.

Are you behind on your payments now? Have you received a notice of default? Don't give up. With a little knowledge, you can Stop Mortgage Foreclosure.

Foreclosure Help is available. Act now if you think you are going to be late on a mortgage payment.

If you anticipate being late on a mortgage payment, here's help for locating your lender to Stop Foreclosure Now.

By understanding your Adjustable Rate Mortgage, you can anticipate interest rate adjustments and plan for increases in your mortgage payments.

When promises to Sell Your House seem too good to be true, remember this fact. It is possible to sell a house and remain legally obligated on the mortgage. Find out more here.

A limited offer, Mortgage Debt Relief provided help for homeowners subject to additional income taxes.

Here's how to explain to your lender that you are trying to Prevent Foreclosure.

The first step to stopping Foreclosure is understanding its impact on your life. Save Your Home! Save Your Life!

How to take advantage of the current mortgage crisis to Stop Foreclosure. Learn from Donald Trump about negotiating a better deal.

Subprime Mortgage Loans fulfilled an important role in America by increasing homeownership but eventually they created a trap for home owners.

You are invited to discover why every homeowner with a Subprime Mortgage needs a long term plan.

Subprime Mortgages - Here is a long term plan I used to help homeowners transition to traditional mortgage financing.

Ask Kate About Loan Modification - Ask a question, get an answer from Kate.

Loan Modification Ask and Answer - A collection of questions regarding loan modification, Home Affordable Programs, HARP and HAMP, each with a individual answer from Kate.





Foreclosure Help - Find foreclosure help here.