Stop Foreclosures: Related Terms Defined

January 5, 2010

Stop Foreclosures Right has compiled some terms that me be useful to you.
Absolute Auction – An auction with no minimum bid amount. The highest bidder gets the property.
Adjustable Rate Mortgage (ARM) – A mortgage loan with an interest rate adjusted periodically (every six months or a year). The rates start at below-market rates to keep [...]

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Process To Stop Foreclosures

January 5, 2010

The foreclosure process begins when you are unable to make monthly mortgage payments and fall behind on your loan. This typically leads to your home being seized and sold. There are however, several stages in this process that you can  avoid the foreclosure and bring the loan current. You can take steps to stop foreclosures.
Depending [...]

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Loan Modification To Stop Foreclosures Q&A

January 5, 2010

What is a loan modification?
A loan modification may offer a change in your existing mortgage loan resulting in a more sustainable monthly loan payment. The modification is negotiated with your bank or mortgage servicer. This is arguably the most effective tool you can use to stop foreclosures or if foreclosure is imminent.
Why would someone [...]

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