Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Helen asks…

Need help from HUD experts please?

I have a 1 yr. lease on a fairly new home with 2 other people on the lease with me. We are in the 8th month now and we all have plans to end it after the year is up.

Last week, and just today, we received in the mail a notice titled “Notice of HUD Rights” from a company called National Foreclosure Relief based in NV (addressed to the landlord/homeowner). At first, I thought this was some type of solicitation and threw the first one away. It states that the notice is not an attempt to collect a debt but that the time to enter into a repayment plan is running out.

On the back is states:
“As of Jan. 19, 2001, the US. Department of Urban Development mandated that all borrowers who had loans governed by their loss mitigation guidelines be informed as to their rights to repayment programs.”…

The Homeowners have other properties they manage/lease aside from working in separate professions. I am almost certain that if a foreclosure is of concern then they would know about it.
My question is that if there is a foreclosure, do they have to give us a month notice or can they simply tell us to leave at any time? The agency would not tell me anything but instead tried to get me to go to a website and pay 29.95 to get information from ‘legal experts’ who could tell me what my options were. It all sounds like a gimmick to me. Can anyone clarify this for us? Thank you
My question is do we have a right to know if there is a foreclosure, and do they have to give us a month notice or can they simply tell us to leave at any time? The agency would not tell me anything but instead tried to get me to go to a website and pay 29.95 to get information from ‘legal experts’ who could tell me what my options were. It all sounds like a gimmick to me. Can anyone clarify this for us? Thank you
Thanks for the prompt reply rlloydevans. You thoroughly answered my question when I thought no one would, especially this late. Thank you.

Your Questions About Foreclosures

The Expert answers:

The notice you received is the first of several things that happen before a foreclosure or eviction might happen. Normally, they owners start getting these notices when they are 2-3 months late. It normally takes 8-12 months for a foreclosure to go completely through.

By the way, National Foreclosure Relief is not a government institution. It is a private firm that tries to get people who are behind on their loans to use their mitigation services. In fact, they are some of the worst predators in the pre-foreclosure field. A lot of times they send these letters to owners who are late on payments. However, they also do spam mailings to cities or neighborhoods just because there is a high rate of foreclusores or bankruptcies, so it is quite possible your owners are not having any problems.

Even if there is an eviction, most cases you will be allowed to stay through the end of your lease, and depending on the situation, possibly longer.

You would be given at least 30 days notice before you are required to leave. However, I believe that you will be safe to complete your current lease before you have any problems. I would, however, check with the management or the owners about these suspicious letters. If you don;t get satisfactory answers, start looking for another place for when your lease expires.

Your Questions About Foreclosures

James asks…

Can you please help us? We’re in desperate need!?

I am a stay at home mom of 2 and also have guardianship of my niece with absolutely no help from her parents. My husband and I are trying our best to give her a better life but are struggling just to get by the day to day. With him being laid off our home has gone into foreclosure and we have been in a 2 year battle that we seem to be losing. We are up for a contest now that would win us a new car, something we desperately need but it seems any support from friends and family are almost non existant. We need help in this and so far our help has come largely from strangers with huge hearts willing to help. Unfortunately we seem to be losing this fight also. The contest ends on July 6th and we are quickly running out of time. The address to the contest and our vote page is http://wildfireapp.com/website/6/contests/117795/voteable_entries/23337451?order=votes
and you can vote for us once a day. We would appreciate any help you could give us and would forever be grateful if you could pass the link on to your own Facebook page.

Your Questions About Foreclosures

The Expert answers:

I will give you a tip to save alot of money.
This is what my mom does because my parents do not make alot of money, and it sounds like you could be using ALOT of help.
My mom has resently gotten into couponing. You may already do this, but if not then let me just say IT WORKS.
We live in Texas, we get Dallas morning news every sunday, it usually gives some of the best coupons. My city newspaper also does about 2 pages of coupons. Also you can go to walgreens, CVS, Kroger, Walmart. They all havIe small coupon books. She will buy these, if she can get them for free she will.(some of her friends do it also). Just last week she went shopping for grocreys and bathroom things. Normally we would have to spend between 200-300 dollars, but with her coupons she only paid about 150. It was great because now we have food to last us till next pay day since they both only get paid every 2 weeks. Oh and the stores reward cards, plus cards, and all the other types of discount cards they have for stores also help. It really does help save money, and it helps to bring the stress down long enough to think about something else that you need to deal with, like saving money for your house. And then you don’t have to worry about your kids going to sleep hungry(if that does happen.)
I will go and vote. But I do hope that I helped you. I will pray for you and your family.

Your Questions About Foreclosures

Sandy asks…

Is there no one willing to help me?

About a year ago I purchased my first home. I was so happy, we went through all of the looking, waiting etc… Part of the terms of our buying agreement were that there were some foundation issues with the home that needed to be addressed before FHA would allow us to purchase.. Well, Supposedly this was “fixed” by the real estate company and the seller of the home.. About 3 weeks after I moved in, my foundation had issues again, it had litterally walked itself out away from the house.. I called the Real Estate company and was promised that they would hire someone to come fix the problem right away. After weeks of waiting and no fixes , I continued to call them and complain with no avail or solutions …So here I am a year later,.. Back in april I had fallen ill and was out of work for almost 2 months, I was collecting disability however, with my husband being out of work as well , it wasnt enough to cover all of my expenses and needless to say, my home is now in foreclosure. I am worried that if I do lose my home, the bank will come back on me for the difference and loss of the property value, when I was told I couldnt purchase the house unless the issue was “fixed” anyway.

I seem to be having issues finding anyone that is willing to help me in my situation, I just need some type of advise, lawyers will not call me back and everytime I get a hold of one they tell me they dont do what I need and refer me to someone else. Im getting to the end of my rope and time is running out for me and my family.. Does anyone out there have any suggestions?

Your Questions About Foreclosures

The Expert answers:

Get Pre-paid Legal baby. You will have lawyers on stand-by to answer your every call within 24 hours. I’ve read your story and I believe you could benefit from this. It has helped me in the past with a garnishment issue. It cost like $27 to $35 a month to have this service. That’s nothing compared to the value received. You don’t have to get the whole package. Only what you need. You can protect yourself and your family for a very low price. The moment you sign up you are covered. Well you asked for help and here it is. Look forward to hearing from you. I’m interested in being an associate for Pre-paid Legal so send me a message if interested. Good Luck with whatever you decide to do.

Your Questions About Foreclosures

Sandra asks…

Would you have offered advice to this person?

I almost always try not to listen to people in public. I was raised it’s not polite, but yesterday really bothered me. I am currently in a chapter 13 bankruptcy. The bankruptcy occurred because of my husband losing a job back in 2002. He was living off credit cards and a 401K savings.
So I’m aware the problems with a foreclosure and excess credit cards can do to your credit.

A young mother under 30 came into my bank while I was there paying bills yesterday. She was crying pretty hard and wanted to speak to a manager. She had just moved into a newly built home and didn’t have any money in the bank. She was waiting for a credit card to arrive but it never did. The card was issued by my bank and she thought that she could get cash advance from her line of credit. The address she mentioned is on the same subdivision as my husband’s friend and I know that they are expensive homes.

The manager asked her about her situation and she said that she using credit cards to buy food and such. He advised her to go to a financial adviser.

I was thinking about something I heard on Suze Orman’s show a week or so ago that a family was living off of their cards as was nearly in 100K debt and about to lose their home.

I’ve been down that road with my husband before we were married. It is absolutely awful. Living through a foreclosure is very hard on a person. I wonder if I should have said something to her but I didn’t have the nerve to do so. I wasn’t any of my business, but I looked at that little baby in the stroller and wondered how this is going to affect her?

Would you have offered advice to this person? Why would anyone in today’s economy buy a house and then have nothing to live on? The area I live in has these new “ugly” houses all around us. They have no yard, no trees and look like monopoly hotels.

How would you have handled this?

Your Questions About Foreclosures

The Expert answers:

You did the right thing–and you did in fact do something as a matter of fact: You empathized and realized in your mind what she was going through and that alone is more than what the average person would do in this world.

Also you came online to get other people’s opinion and that speaks volumes of you.

The above posters are also on target because people living in denial are often deaf to anything otherwise.

Your Questions About Foreclosures

Lisa asks…

can you sue a non profit organization?

i recently used a non profit to file a RESPA claim for a piece of real estate i own. within six months the home had foreclosed and taken back by the bank. i alerted the individual i was working with when no response to the RESPA was evident. i alerted him when the home went to notice of default then foreclosure and provided him withi the notice of trustee sale two weeks prior to the date of sale.
As i gather my paperwork – I am trying to find the best avenue to approach when I find that the RESPA papers – the copies I have – use my current address and not the property in guestion. In other words – he filed the wrong address at the wrong bank. I never stood a chance. Any thoughts?

Your Questions About Foreclosures

The Expert answers:

You can absolutely sue a non-profit.

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Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures

Your Questions About Foreclosures

Your Questions About Foreclosures