Upcoming Foreclosures

What is the fastest way to stop a foreclosure? Can HUD help?

Public Comments

1. No.
2. The fastest way?? Pay what is owed to the bank.
3. Pay at least a month,.
4. The only way to stop foreclosure is bring your account up to date. There are no rescue plans.
5. Fastest way? Pay what you owe.
6. First things first: Were you served with a Lis Pendens? If so you need to respond within the amount of days listed on the complaint. Otherwise, they will file a motion for default because you didn't answer. Also, if you know you are getting served and you are hiding from it, they can put it in the news papers and that counts as you getting served. Then they will file a motion for default. Next, you need to check all of your closing papers and make sure that everything was done by the book when it came to your closing. Otherwise this could be Federal violations against the lender. Therefore, when it comes time for court you will have the ball in your court and you will be able to negotiate with them. You may need to hire an attorney. If you can't you may want to do a lot of research on foreclosures in your area. The internet is the best learning tool. There are a lot of in's and out's on stalling foreclosures. I wish I knew what state you are in and what kind of mortgage you have. That makes a big difference.
7. Yes, HUD can help. There are programs in place today for homeowners that are in trouble. You have to be at least 3 months behind for most of them, but even if you are not try to get help now! If you did not have any luck going directly to your lender, do a Google search for HUD or FHA mortgage modification programs.
8. Here are a few different ways that you can save your home. It seems that most ignorant people will recommend nothing more than "pay your mortgage," but if you could do that, you probably wouldn't be in foreclosure in the first place. 1. Save up or borrow money and pay back what you are behind. 2. Refinance with a hard money or foreclosure lender. 3. File bankruptcy and establish a legal payment plan. 4. Offer the bank a deed in lieu of foreclosure. 5. Defend against the foreclosure lawsuit to delay the process. 6. Sell your home on the market. 7. Sell at a short sale. 8. Sell to a friend or investor who will lease it back to you. 9. Work with the lender for a loan modification program. 10. Work with the lender for a forbearance agreement. 11. Use your partial claim if you have an FHA loan. 12. Just move out and walk away. Hope those help. ForeclosureFish