Tag Archives: Avoiding

New Book Delivers Distressed Home owners Guidance for Avoiding Foreclosure Scams

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Washington, D.C. (PRWEB) September 17, 2008

The American Nightmare is a new book by veteran housing counselors Sylvia Alvarez and Walter Walker Jr. that offers distressed home owners ideas and approaches that can support them steer clear of, survive and overcome foreclosure. Published in partnership with the National Association of Hispanic Actual Estate Experts (NAHREP), cost-free downloadable excerpts of The American Nightmare are available in English and Spanish at http://www.NAHREP.org and contain pointers that will aid desperate property owners from becoming the target of short sale and foreclosure scams.

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A hyperlink is also offered to acquire the book for $ 14.95.

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Unsuspecting homeowners that are frantic for a rapid repair to steer clear of foreclosure are becoming the victims of foreclosure scams that promise to save them from the loss of their residences. Numerous are paying thousands to thieves disguised as properly which means professionals that offer to repay their mortgage in exchange for the transfer of their deeds. The authors have been inspired to create the book following getting deluged at the housing agency exactly where they work by individuals who have fallen prey to these mortgage scams and other people. In addition to sensible tips about how to stay away from foreclosure, negotiate loan modifications or short sales and far more, the book educates readers about the clever methods predators are bilking buyers.

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Free of charge downloadable excerpts of the book offer you homeowners data about:&#13

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Common predatory lending scams&#13
Short sale and “flip for profit” scams&#13
Equity skimming scams that leave homeowners with more debt and no house&#13
Phony counseling agencies&#13
How to file a complaint and report mortgage fraud&#13
Plus alternatives that homeowners can pursue if they are currently in mortgage default.

“As well several panicked homeowners that are looking for approaches to save their residences are falling prey to unscrupulous men and women and foreclosure scams,” mentioned Rebecca Gallardo-Serrano, Chairman of NAHREP. “Understanding is power. The American Nightmare gives property owners essential data about the varieties of scams out there and how they can safeguard themselves from predators.”

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The National Association of Hispanic Genuine Estate Specialists, a non-profit 501c6 trade association, is dedicated to rising the homeownership price amongst Latinos by educating and empowering the actual estate specialists that serve them. Based in Washington D.C., NAHREP is the premier trade organization for Hispanics and has a lot more than 15,500 members in 48 states and 62 affiliate chapters.

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Avoiding Foreclosure is Far more Critical than Ever

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Jacksonville, NC (PRWEB) December 24, 2012

On January 1, 2013, the Mortgage Forgiveness Debt Relief Act of 2007 will expire. Initially passed in 2007, this exempted struggling homeowners from paying taxes on debt forgiven in a short sale, foreclosure, or loan modification.

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With the expiration of this act, home owners need to as soon as once more report any forgiven mortgage debt as taxable income. According to Walter Whitehurst, CDPE, ERA Wilkinson and Strother Genuine Estate, this newly re-levied tax tends to make avoiding foreclosure a lot more essential than ever for struggling property owners.

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If homeowners pursue alternatives to foreclosure, such as a loan modifications or brief sales, they can lessen the amount of debt forgiven, reducing the taxable amount. says Walter Whitehurst, CDPE, ERA Wilkinson and Strother Real Estate.

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For example, with a quick sale, home owners have some manage more than the final sales price tag. They can use knowledge true estate agents to get as a lot as attainable for their homes. In a foreclosure, the foreclosed home merely goes to auction, said Whitehurst.

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In reality, properties sold during the pre-foreclosure procedure, or residences sold by way of a short sale, sold on typical for 26% much less than non-foreclosure properties, whilst foreclosed houses sold for 32% less. For home owners, this distinction can imply thousands of dollars in possible savings.

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As a Certified Distressed Property Specialist (CDPE), Walter Whitehurst is specially educated to aid property owners who discover themselves facing foreclosure. Im committed to helping home owners who are struggling, Walter Whitehurst said. As well typically, property owners facing foreclosure believe there is nothing they can do, but there is.

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Walter Whitehurst has created a free of charge report to address particularly how the expiration of the Mortgage Forgiveness Debt Relief Act affects them, and illustrates the benefits of various foreclosure options. This report, entitled, Attention! Distressed Home owners: Avoiding Foreclosure Is Much more Critical than ever, is accessible from his internet site, http://www.StopForeclosureJacksonvilleNC.com

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About &#13

Walter Whitehurst, is a Realtor with ERA Wilkinson and Strother Genuine Estate of Jacksonville, NC. Wilkinson and Strother is 1 of the biggest real estate firms in the Carolinas and is a single of the best ten ERA franchises in the nation.

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Walters main website is http://www.HomeSearchJacksonvilleNC.com &#13

For much more info about the CDPE Designation, pay a visit to http://www.CDPE.com.

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For far more info, please speak to: &#13

Walter Whitehurst&#13

(910) 340-5524&#13

walter.whitehurst (at) gmail (dot) com

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Red Blue Realty Presents Tip Sheet for Avoiding Mortgage Delinquencies

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Los Angeles, Ca (PRWEB) April 22, 2013

The experts at Red Blue Realty know how important it is to avert mortgage delinquencies. Soon after all, owning a house in the Los Angeles real estate market is a considerable asset, as effectively as delivering the physical and emotional security that most purchasers prize. Presently, the economy might be on the road to recovery, but several home owners are nonetheless suffering.

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An seasoned Los Angeles actual estate agent such as a staff member at Red Blue Realty can assist house owners with avoiding the precarious predicament that mortgage delinquencies can unleash. These ideas supply a firm starting point.

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Tip A single: Make contact with the Mortgage Lender or Lenders

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The lender should be notified instantly if a property owner is possessing trouble producing an monthly payment. Lenders will frequently be willing to set up a loan extension to aid the property owner prevent a delinquency. Naturally, a fee is involved in such a process, the amount will be reduced than the common mortgage quantity due, and is generally amortized more than time.

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Tip Two: Evaluate the Prospective Delinquency

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Its important for homeowners to figure out if the cause for a late payment is a short-term circumstance, such as employment restructuring, or unforeseen emergency costs, or a loss of employment that will need different arrangements to be made with the lender to make payments and avoid marks against residence owners credit ratings.

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Tip Three: Problem Resolution

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Resolving the purpose for a potential delinquency could incorporate possibilities such as a property equity loan, reverse mortgage, or refinance with cash back. Another resolution – selling the house. Los Angeles properties for sale are coveted commodities in todays true estate market place.

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Tip 4: Seek Mortgage Modification

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Mortgage loan restructuring can permit lowered payments lenders are often willing to think about such a approach rather than going via the expense and difficulty of a foreclosure. Note that modification is most most likely to be acceptable to lenders if the home owner has suffered hardship.

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Tip 5: Dont Be an Ostrich

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An skilled Los Angeles genuine estate agent can attest that most home owners who are having troubles with paying the mortgage by no means even get in touch with their lenders – up to fifty percent of these in default have not initiated contact. Hiding from this situation will not boost the circumstances, in reality, really the contrary. In several instances, lenders will aid property owners to perform through payment difficulties.

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Tip Six: Learn Mortgage Rights and Foreclosure Laws

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There is a fantastic deal of information on the web concerning foreclosure laws and house rights in California and each state. Homeowner self-education is essential, such as understanding the terms lenders use such as mortgage reinstatement or forbearance. Nonprofit housing counselors approved by HUD can be located on line as effectively.

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Tip Seven: Analyze Finances

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Home owners should assess their personal economic profile to see if optional expenditures can be reduce, or payments on unsecured debt delayed or lowered till that all essential mortgage payment has been produced. Creating an work to manage or restructure finances can help to convince a lender to perform with the homeowner facing delinquencies.

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Site: http://www.RedBlueRealty.com &#13

Email: Make contact with(at)redbluerealty(dot)com &#13

Phone Quantity: 1-(855) 66-RBREALTY or 1-(855) 667-2732

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