Make a list. I made a list of exactly what I owed and then made another list of possible ways to get the money I needed. Making a list of exactly what I owed helped me get a better handle on exactly what I was dealing with. You cannot stop foreclosure sale unless you truly understand where you are at. You can get exact figures of what you owe from your mortgage company. It might take them a day or two to get those figures together.

One of the things I did when making this second list of ways to get the money was to not discount any idea, no matter how crazy it seemed. Being able to stop foreclosure sale on your home may mean getting uncomfortable and thinking outside of the box. Just sit down and generate as many ideas as you can.

Keep all contact info together in one file and have all of the important stuff on one piece of paper. Having the important stuff on one piece of paper stops you from having to track down contact information and loan numbers every time you call your mortgage company. And trust me, you will be calling your mortgage company a lot. If you want to stop foreclosure sale on your home, dealing with your mortgage company a lot is something that you are going to need to get used to. And every time you call in, you will need your loan number so always have that easily accessible.

I made a file with all correspondence that I had with the mortgage companies, all payments I made to them, everything important that had to do with my loan. On the front of that file, I stapled the piece of paper that had all of the vital information I needed whenever I called my mortgage company. Getting myself organized is one of the things that helped me stop foreclosure sale.

And whatever you do, do not panic or worry. I know that is easier said than done when you are in the middle of trying to stop foreclosure sale on your home. Panic will simply stress you out and keep you awake at night. It also can stop you from seeing solutions. And worry has never fixed anything. You will never stop foreclosure sale on your home by worrying about it. It is impossible to worry your way out of foreclosure. Instead focus on what is in your control and what you can do.

Jill Borash
http://www.articlesbase.com/mortgage-articles/stop-foreclosure-sale-675867.html

http://elections.foxnews.com/2008/09/16/obama-camp-michigan-gop-aims-to-keep-foreclosure-victims-from-polls/

That is just another Democratic slur tactic, are they really that desperate?

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I’ve been doing some research and have found a few resources:

www.bankruptcyinthenews.com/index.php/2010/08/21/how-does-bankruptcy-stop-the-foreclosure-process/

but I haven’t found anything specific. It seems like I’m getting a range of that it slows down the foreclosure process up to six month to a year, but I still haven’t found anything specific.

I found some great information here:

http://www.insightintolaw.com/wp-admin/post.php?post=152&action=edit&message=1

basically a list of some of the best resources on this subject from around the web!

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by shooting the judge in charge of your case? you know, with my sniper rifle? (the army trained me good)

Perhaps a foreclosure attorney is a better option. They start by making the bank prove they own your home!

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These are times of recession and it is expected that real estate will bear a major brunt of it. Having said this, few government initiatives at the right time can turn things under different radar. Well! The sub prime crisis is fresh in our minds but a more cautious spread from the mortgage companies can always be helpful in a fair lender-borrower relationship. Florida is doing very well in terms of its real estate, and it is looking to buck the recession trend. Mortgage brokers in Florida are doing handsomely and in fact, they are the pivots around which the real estate game revolves. Earlier, when regulated real estate was still in its budding stage, many homes where brokered by banks, and financial institutions; these institutions had work force which saw a deal through its final stages. Today, things have changed a lot. Real estate has become a trillion dollar set up. This means that it needs to be regulated over a broader domain. Banks can’t look to tap enough resources to do so. This is where the brokers come into the picture. They walk through the deal till it is time of closure, and represent the buyers or sellers or both. They have a lot of great benefits. A Florida mortgage broker will talk to a borrower through the first part of the contract. Next, they keep in touch with the borrowers till the deal is closed, and also explain the hidden clauses of the property agreement. They tell about the acreage, land structure, any possible dispute associated with the property. The brokers today also takes the borrower through entire process of negotiation. They try setting proper terms with the lender, and arrange for the best possible interest rates and least down payments. Not only this, they help in closing the deals, and also do their best in getting a loan approved by some top-of-the-line housing administrations. If an old person is buying a house in Florida, the brokers take extra measures to tell him all about the deal. This makes the old people doubly ensured. Today, the brokers also look into refinance, foreclosure, stop foreclosure, restructuring, and short sale. Sometimes a home owner falls back on mortgage payments. In these cases, the lender looks to get the foreclosure clause in or a loan modification. If it’s the FHA that had worked as a bridge then a lender is lenient (as FHA pays in the event of default) otherwise the lender tries to go for foreclosure (obviously after a certain point of default). If the homeowner wants to keep his home intact and is looking for a restructuring to get back to the current payment, then the Florida mortgage brokers will look into modifying the loan to help in stopping the foreclosure. The stop foreclosure process is a technical process, and the brokers have to abide by many real estate guidelines of Florida but till the time a homeowner can prove his eligibility, it can be done. In case a home has to go, the brokers involve themselves in short sale to make the pain of loss lesser. For few of these processes, the law does not entitle the brokers a direct role so they work with a lot of subtleness.

jamiehanson
http://www.articlesbase.com/real-estate-articles/florida-mortgage-broker-705786.html

http://www.cnbc.com/id/38658978/print/1/displaymode/1098

Wasn’t Obama’s last mortgage bailout program a huge flop where over 50% of people who refinanced using it ended up in foreclosure anyway? Here is the story about it on MSNBC.

http://www.msnbc.msn.com/id/33229830/ns/business-real_estate/

yes it will stop: as soon as his term ends because i am NOT voting for him

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I really need to find out because I thought it was 60 days before they could proceed with the next auction but WF bank is telling me that is 30 days. If anybody knows what are the regulations are in the state of California please let me know and please let me know where I could find this information!
Thanks

They are not stopped, they are delayed, it is 30 days in CA.

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If you have already received a letter of default on your loan and a date in which your lender will proceed with foreclosure proceedings, you don’t have anytime to waist.  If you have an interested buyer, the approval process could take up to 30 days (or maybe even more due to the fears surrounding the economic crisis), you might want to collect some back-up offers.

If there is already an Offer to Purchase or a Sales Agreement drawn up and signed by a buyer, you, the seller, cannot dump the contract in order to make way for a back-up offer that perhaps appears more attractive.  You can collect other offers, but you cannot accept one unless the original buyer is denied approval. Now, if the buyer tries to change something in the present contract, you, the seller, are able to consider one of the back-up offers.

The bank is not looking to collect homes, they are looking to collect mortgage payments and to provide loans that seem “safe”, meaning the potential buyer will be able to make the payments.  When things are important to you in your computer, you are advised to “back it up”.  Therefore, if your computer crashes, you do not loose all of your important documents. Your property is important to you, therefore, back-up your sale by getting back-up offers so if the original offer falls through, you have a quick option to help stop the foreclosure process. 

When you are facing foreclosure, you don’t have any time to waist.  Back up the sale of your home with back up offers and you just might find out the bank has “your back”, approves a loan, and the pending foreclosure process stops.

Anthony Petrucci
http://www.articlesbase.com/mortgage-articles/the-backup-offer-692103.html

As a young adult, there are a few key moments in your life when you feel truly grown up. Graduating from high school, getting your first car, moving out on your own—these are the classics. But in the past few decades, another more dangerous (financially, at least) rite of passage has emerged–the credit card.

I got my first Visa at the end of senior year, which shouldn’t be surprising considering the card offers started rolling in as soon as I graduated junior high (nowadays, my friends say the offers start arriving for the kids when they’re still in diapers). Problem was, no one ever explained to me how credit worked. I remember my jaw dropping when I opened my first bill and found, to my delight, that I only owed $10–the minimum payment. I knew I had dropped at least a few hundred bucks on textbooks (and CDs and clothes and so on), but I only had to pay a measly ten! I felt like I had won the lottery…or at least stumbled upon the secret to living the good life.

Until a few years down the road, that is, when I left college with a degree–and more than $10,000 in credit debt. I had always thought of debt as something that only happened to wild spenders, the kind of people who buy a new, larger big-screen TV every Christmas. But now I know it can happen to anyone. We’re not in a credit meltdown because Americans are over-the-top greedy or materialistic. I think it’s because no one ever told us how to make good credit choices (or we were too stubborn to listen when they did).

Back when my parents were in high school, they had to take home economics. We poke fun at home ec today (between the sewing, cooking, and cleaning, it’s so 1950s homemaker), but those classes taught young adults how to survive in that time period. When I graduated, I couldn’t cook a meal to save my life, had to take my jeans to the tailor for hemming (which I still do), and didn’t really know what debt was.

We need to do more to help our kids handle today’s obstacles. And until the public school system picks up on the idea, it’s up to us to teach them–and ourselves–how to spend wisely.

If you swipe your cards in front of your little ones, they probably think you’re paying with magic, not money. Make sure they understand everything that goes on the card also goes on the bill–and that real money comes out of your checking account to pay that balance. With older kids, honesty is even more important. You probably tell them money doesn’t grow on trees, but if you treat your credit card like a money tree, they won’t believe you–and they’re likely to repeat your same mistakes.

Since you can’t really preach what you don’t follow, you might need to re-educate yourself. If you’re carrying credit card debt, stop. Don’t apply for any new cards or loans. Quit spending more than you earn. Can’t figure out how? That’s a sign it’s time to make a budget and identify places to cut back.

Pay your credit card off in full each month, or at the very least, make more than the minimum payment. Maybe you signed up for the low promotional rate when you got your card, but most credit companies hike that rate up to 18-40 percent after the first few months. Ask yourself, would you pay $300 for something that was marked $100 in the store? Of course not! But that’s what you’re doing in the long run when you only make minimum payments that barely cover interest. Credit card companies aren’t giving you a break because they’re generous. They know that the less you pay each month, the longer you will have to keep paying, giving them more money in the process. Wouldn’t you rather keep that cash for your family?

All it takes to change your credit habits is motivation. Changing your past is not so easy. If you’re overwhelmed by credit card bills or facing foreclosure, you don’t have to go it alone. DebtStoppers can help. Contact one of our attorneys for a free one-on-one debt analysis and find out how to conquer your finances and keep your house. Just because you never passed Credit Card 101 doesn’t mean it’s too late to learn.

Debt Stoppers
http://www.articlesbase.com/credit-articles/growing-up-with-credit-671175.html

If Obama keeps this up much longer, we’ll all be bankrupt and out on the streets…won’t someone think of the children and stop this guy?

excerpt…
About 18.9 million homes in the U.S. stood empty during the second quarter as surging foreclosures helped push ownership to the lowest level in a decade.

The number of vacant properties, including foreclosures, residences for sale and vacation homes, rose from 18.6 million in the year-earlier quarter, the U.S. Census Bureau said in a report today. The ownership rate, meaning households that own their own residence, was 66.9 percent, the lowest since 1999.
http://www.bloomberg.com/news/2010-07-27/vacancies-climb-as-u-s-home-ownership-falls-to-lowest-level-in-a-decade.html

*LOL* Who says he’s focused on jobs? He’s been focused on everything but incouraging job creation in the PRIVATE sector. Oh now he’s creating a lot of GOVERNMENT jobs. More bureaucracy means money comes out of your pocket to pay for those jobs. His moritorium on deep water drilling wiped out more private sector jobs on the gulf coast and will keep them wiped out longer than the BP spill will.

Have you ever considered many of those foreclosed homes were people who over extended on what they could pay for. Or really weren’t qualified for the loans in the first place.

Really 67% is probably a higher percentage than any other country in the world. If we aren’t at the top–We’re damn close.

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