Foreclosure Prevention Help

Going through foreclosure and in Denial?

by Eric Baskett May 10, 2012 Foreclosure Prevention Help

In foreclosure wanting to blame everyone else for there financial problems. Time to start thinking about the future and not get wrapped up in a losing battle with a face less opponent. Call or contact me below so we can come up with a game plan about your financial position.

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Avoid Foreclosure in Torrance- Redondo Beach – Gardena but is a Loan Modification the right answer?

by Eric Baskett May 7, 2012 Foreclosure Prevention Help

Avoid Foreclosure in Torrance- Redondo Beach – Gardena but is a Loan Modification the right answer? Most people seem to believe that a loan modification will make there life happier. The banks are going to just roll over and give them a principle reduction and lower their interest rate to 1% for 40 years. The [...]

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Finding Credit After Bankruptcy

by Eric Baskett March 30, 2012 Foreclosure Prevention Help

Finding Credit After Bankruptcy After declaring bankruptcy, finding available lines of credit can be a challenge. As you begin to repair your credit, you will need to explain and re-explain your situation to potential lenders. With the right balance of patience and determination, you can eventually find lenders who will help you and fix your [...]

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Will there be an extension of the Mortgage Forgiveness Debt Relief Act of 2007

by Eric Baskett February 16, 2012 Foreclosure Prevention Help

Mortgage Forgiveness Debt Relief Act of 2007 Obama has already written it into his FY2013 budget proposal. The Act ensures that homeowners who received principal reductions or other forms of debt forgiveness on their primary residences do not have to pay taxes on the amount forgiven. Without the Mortgage Forgiveness Debt Relief Act, debt reduced [...]

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States with the Highest Foreclosure Rates as of February 2012

by Eric Baskett February 16, 2012 Foreclosure Prevention Help

States with the highest foreclosure rates as of February 2012 West coast states Nevada, California and Arizona had the highest foreclosure rates, with Nevada topping the list for the 61st month in a row, despite an 8 percent decrease in foreclosure activity compared to the previous month in December. While California’s foreclosure activity dropped, the [...]

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The Senate’s Housing Chairman is pushing for Principle Reductions

by Eric Baskett February 13, 2012 Foreclosure Prevention Help

Give the American people what they want! Or do they? Everyday I talk to people who are in foreclosure. And everyday I have to hear someone telling me the banks should forgive the amount they are behind and lower their loan balance because the homes aren’t worth as much anymore. I think this plan will [...]

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Underwater and still not walking away

by Eric Baskett January 24, 2012 Foreclosure Prevention Help

Having helped as many families as I have avoid foreclosure after reading this report explains why so many of them slam the door in my face. Its funny because I’m only trying to help them not lose the house. But no matter how clever my script was as to why I was there 98% of [...]

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Fannie Mae Extends Mortgage Relief for Unemployed Homeowners

by Eric Baskett January 12, 2012 Foreclosure Prevention Help

I kind of have mixed feelings about this. This will definitely help homeowners that are out of work. But on the other hand it will help More homeowners that are looking to buy time and save money. An initial six month forbearance with the possibility of another 6 month extension. Fannie Mae issued new guidelines [...]

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I can Wipe out a Heloc

by Eric Baskett January 12, 2012 Foreclosure Prevention Help

There I said it! Yes, I can wipe out a Home Equity Line of Credit. Here are the conditions: 1st and 2nd lenders need to be different The property needs to be upside down with both loans You need to have at least 10 to 15% of the loan balance in cash. If you are [...]

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