Your Short Sale and Foreclosure Prevention Specialists!
Did you know that by law, your lender is required to contact you 30 days prior to filing a Notice of Default? Do you know your rights as a homeowner if you are facing foreclosure? Did you know that it COSTS YOU NOTHING to avoid foreclosure?Understand, that if we decide to do a short sale, your bank pays all the fees normally paid by the seller, such as the real estate commissions, escrow fees, and title fees to name a few.
411NOD.com is the portal to a wealth of information designed to inform you on how you, or someone you know, can prevent the foreclosure process.
Are you facing foreclosure? Have you received a Notice of Default from your lender? Before you do anything else, contact one of our Short Sale Specialists who will provide you valuable information AT NO COST TO YOU that can help you avoid foreclosure.
What are my rights as a homeowner facing foreclosure?
411NOD.com provides these answers and more with informative articles, blogs, and video presentations that will help distressed homeowners find the answers to the most important questions on their mind.
- What happens in a foreclosure?
- What is a Short Sale?
- What do I do if I'm behind on my mortgage?
- What is an Notice of Default (NOD)?
- Can I sell my home if I owe more than it is worth?
- How can I avoid foreclosure?
Access our exclusive Foreclosure Prevention Center
Articles:
- The Truth About Short Sales
In light of the change in the residential real estate market in the past few years, many homeowners have found themselves overwhelmed with trying to fight off foreclosure from their lender and mortgage company. Click here for more... - What do I do if I'm Behind on My Mortgage Payments?
It's very rare that anyone actually plans to fall behind on their mortgage. Home buyers typically purchase homes that are priced within their means to make their mortgage payments every month on time. Click here for more... - What is a Notice of Default?
A notice of default is a notification given to a borrower stating that he or she has not made their payments by the predetermined deadline. It dictates that if the money owed (plus an additional legal fee) is not paid in a given time, the lender may choose to foreclose the borrower's property. Click here for more... - Can I Sell My Home if I Owe More Than it is Worth?
Depending upon your financial circumstances, there are certain situations where you can sell your home if you owe more than it is worth. In a short sale, your lender will pay all of the fees normally paid by the seller in a standard real estate transaction. Click here for more... - California Foreclosure Laws
California is known as a title theory state where the property title remains in trust until payment in full occurs for the underlying loan. The document that secures the title is usually called a deed of trust but may also be referred to as a mortgage. Click here for more... - What Happens in a Foreclosure?
For many homeowners, the word "foreclosure" is very foreboding. It basically means that they will be forced to move out of their home, and it is without a doubt that anyone would purchase a house with the intent of losing it due to their inability to pay their mortgage. Click here for more... - Ways to Avoid Foreclosure
While many options are still available to you in avoiding foreclosure, you might take this opportunity to seek professional counsel with regard to your choices. An experienced, licensed attorney who specializes in real estate law is an excellent source to help you avoid foreclosure. Click here for more... - Foreclosure Scams and How to Avoid Them
A few years ago, hardly anyone could have imagined that the phrase 'home mortgage loss mitigation' would become such a part of our lexicon. Loss mitigation has become a growth industry due to economic events we have experienced in the past few years. That being said, the number of businesses engaging in unethical, unscrupulous and downright illegal activities has also skyrocketed. Click here for more... - Commonly Asked Questions About Short Sales
Q: Which is better, a foreclosure or a short sale?
Both affect your credit scores, but a short sale quite often has less of an impact. Click here for more... - Discrepancies in Your Loan? Try a Qualified Written Request
If you feel you have legitimate discrepancies in your loan documentation that is affecting your mortgage payment, you may submit a Qualified Written Request to your lender as is your right under Section 6 of the Real Estate Settlement and Provisions Act (RESPA). Click here for more... - Frequently Asked Questions from IRS.gov
What is the Mortgage Forgiveness Debt Relief Act of 2007?
The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007. Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage (i.e., sort sale), or foreclosure of your principal residence. Click here for more... - Information on SB 1137-The Perata Mortgage Relief Bill
Prior to filing a notice of default, lenders must contact borrowers to set up a meeting where the lenders and consumers will discuss potential ways to avoid foreclosure.
Applies to loans made between January 1, 2003 and December 31, 2007, when most of the loans that are causing the problems we face today were made. Click here for more...
Videos:
- CNN Video: Modifying Your Loan
- Bloomberg: Your Money - Avoid Foreclosure
- Bloomberg: Your Money - Facing Foreclosure
- From CBS News: Foreclosure Rescue Squad
- From CBS News: Ways to Avoid Foreclosure
Links:
Our Certified Pre-Foreclosure Specialists are standing by to answer your questions with passion and discretion. Just fill out the form below for a quick response.
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