Check this OUT!! One smart woman takes the fight for her rights to the Federal level!

Go Cheryl!!!!!!!!!!!!!!!!



www.house.phantazm.com/Pages/Law.html


I am happy to post this article in my blog! Kudos to those of us who put up a fight for injustices done against us by others.

Granted, we've all done something "bad" or wrong, once, maybe twice...heck, many more times and sometimes over again.

The little things are forgiven and then there are the bad things we/others do in this world that just shouldn't be.....As a result of those mistakes we make there are certain _______ (fill in from below) that keep us all in check. And, make the world a better place...or at very least, the USA a better place.

Yes: RULES, LAWS, SOCIAL NORMS or just plain "morally wrong" are words that ring a bell!

These days it takes many people and much effort to make a law that states "it is wrong to......" fill in the blank, folks.

Go Cheryl!!!!!!

do you ZILLOW??

Foreclosure - List of your OPTIONS

If you don't ignore the problem for too long, you'll find that there are many options available to you. Check these out!

OPTIONS: (TAKE QUICK ACTION TO ENSURE YOU HAVE THE MOST TIME TO PERSUE WHICH OPTION IS BEST FOR YOU AND YOUR FAMILY.)

1. LOAN REINSTATION - Pay the entire default amount, interest, attorney fees, late fees, taxes, missed payments. There may be additional fees, so ask!
2. LOAN MODIFICATION - Refinance the debt or extend loan terms. This may allow you to catch up at a more affordable level if you qualify.
3. FOREBEARANCE - In a forbearance, your lender may be able to arrange a repayment plan based on your financial situation.. Documentation will be needed to show that you are able to meet the new payment plan requirements.
4. Pursue a “Deed in Lieu of Foreclosure.” Instead of the bank foreclosing, the home is given back. Banks generally require that the home be well maintained and all mortgage payments and taxes are current
5. FILE BANKRUPTCY - Bankruptcy may liquidate (some) debt and/or allow more time. REMEMBER that this will not stop the foreclosure from happening. It will simply buy you time and perhaps release some of your debt so you can catch up.
6. SELL – This is a conventional home sale. If the property has equity, you could get cash from the sale.
7. SHORT SALE – Selling the home with the approval of your lender that is less than the total amount owed. This can be negotiated with your lender if what is owed is more than the property’s value.
   

***DO YOU HAVE EQUITY IN YOUR HOME and have the stability of FINANCES??
You can payoff/refinance your loan. The bank agrees to let you pay off the entire loan amount plus any default amount and other fees. This option is usually for people who have equity in their home.

Foreclosure procedures vary by STATE.....

Each state has foreclosure laws that dictate the manner of foreclosure in that state. One of the most important distinctions in a foreclosure process is whether the foreclosure is conducted:
1- through the court system (judicial) or
2- outside the court system (non-judicial).

**State law governs whether judicial or non-judicial foreclosure is used. Some states allow both types of foreclosure, but each state usually has one type that is more commonly used.
In states that allow both types of foreclosure, the document used to secure the mortgage loan usually determines whether judicial or non-judicial foreclosure is used.

To start a judicial foreclosure, the lender files the appropriate court action against the owner in default. Usually this is in the form of a lis pendens (pending lawsuit) against the owner. If it rules against the owner, the court will order a public sale of the property.

The mortgagor has to record a public notice of default to initiate a non-judicial foreclosure. If the owner in default does not pay off the default within a certain time frame, the lender schedules a public sale of the property.