Comments for Foreclosure Frauds and Scams http://foreclosurefraudalert.com/fraudblog Avoid Foreclosure Rescue Frauds and Scams Fri, 03 Sep 2010 14:31:28 +0000 hourly 1 http://wordpress.org/?v=3.0 Comment on In order to stop foreclosure on my home-is bancruptcy an option at this point? by Scott and Amy http://foreclosurefraudalert.com/fraudblog/in-order-to-stop-foreclosure-on-my-home-is-bancruptcy-an-option-at-this-point/comment-page-1/#comment-2788 Scott and Amy Fri, 03 Sep 2010 14:31:28 +0000 http://foreclosurefraudalert.com/fraudblog/in-order-to-stop-foreclosure-on-my-home-is-bancruptcy-an-option-at-this-point/#comment-2788 Higher an real estate agent to sell your home, let them do all the work for you. They can contact the bank on your behalf and keep you out of bankruptcy. Need anymore help contact us. yournumber1agents@yahoo.com Higher an real estate agent to sell your home, let them do all the work for you. They can contact the bank on your behalf and keep you out of bankruptcy. Need anymore help contact us. yournumber1agents@yahoo.com

]]> Comment on In order to stop foreclosure on my home-is bancruptcy an option at this point? by Dan http://foreclosurefraudalert.com/fraudblog/in-order-to-stop-foreclosure-on-my-home-is-bancruptcy-an-option-at-this-point/comment-page-1/#comment-2787 Dan Fri, 03 Sep 2010 14:31:28 +0000 http://foreclosurefraudalert.com/fraudblog/in-order-to-stop-foreclosure-on-my-home-is-bancruptcy-an-option-at-this-point/#comment-2787 Either sell it or go with a hard money lender so you can refinance and keep your home. Hard money lenders don't care about credit score or payment history but that's why they charge 10%-12% if not more. It's not the best option but it may be something to consider instead of bankruptcy. I hope this helps you but if you need help or have any other questions please feel free to email me tadgeman@yahoo.com. Either sell it or go with a hard money lender so you can refinance and keep your home. Hard money lenders don’t care about credit score or payment history but that’s why they charge 10%-12% if not more. It’s not the best option but it may be something to consider instead of bankruptcy. I hope this helps you but if you need help or have any other questions please feel free to email me tadgeman@yahoo.com.

]]> Comment on In order to stop foreclosure on my home-is bancruptcy an option at this point? by Searchlight Crusade http://foreclosurefraudalert.com/fraudblog/in-order-to-stop-foreclosure-on-my-home-is-bancruptcy-an-option-at-this-point/comment-page-1/#comment-2786 Searchlight Crusade Fri, 03 Sep 2010 14:31:28 +0000 http://foreclosurefraudalert.com/fraudblog/in-order-to-stop-foreclosure-on-my-home-is-bancruptcy-an-option-at-this-point/#comment-2786 I have never even *heard* of anyone who came out ahead in the end by filing bankruptcy. All it does is buy some time - and make the end situation worse. Lawyers love it, because they make money, but it all comes home to roost in the end. The Note is still accruing interest and penalties, and it is a secured debt. The banks lawyers are going to break the home out of the bankruptcy and foreclose fairly quickly. I'm assuming you don't have the money to bring it current, and they won't negotiate. If you have equity, a fast sale below market might save some of it. If you don't, surrendering title in lieu of foreclosure probably gets you out with the least damage to your future. Talk to an accountant about the tax implications of your situation. The money for ten or fifteen minutes of their time will save your backside from much worse. I have never even *heard* of anyone who came out ahead in the end by filing bankruptcy. All it does is buy some time – and make the end situation worse. Lawyers love it, because they make money, but it all comes home to roost in the end. The Note is still accruing interest and penalties, and it is a secured debt. The banks lawyers are going to break the home out of the bankruptcy and foreclose fairly quickly.

I’m assuming you don’t have the money to bring it current, and they won’t negotiate. If you have equity, a fast sale below market might save some of it. If you don’t, surrendering title in lieu of foreclosure probably gets you out with the least damage to your future. Talk to an accountant about the tax implications of your situation. The money for ten or fifteen minutes of their time will save your backside from much worse.

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