Here's the recent articles submitted by nick adama
Articles By nick adama
Contract For Deed And Foreclosure
By: nick adama
These contracts, also known as installment land contracts, land sale contracts, long-term land contracts, bonds for deed, or contracts for deed, are simply alternatives to a mortgage or deed of trust.(read
entire article)
View : 210 Times
Category : Business
Is There Good Money In Cleaning Out Foreclosure Homes?
By: nick adama
One of the businesses that have been booming despite (or because of) the current economic downturn is cleaning out foreclosed homes. When banks purchase homes at auction, they usually begin eviction proceedings.(read
entire article)
View : 183 Times
Category : Business
Simple Ideas For Saving A Property From Foreclosure
By: nick adama
Homeowners should keep in mind that the bank or mortgage servicer is 100% able to stop the foreclosure whenever it wants. Before doing anything at all, though, homeowners need to decide if the home is worth keeping.(read
entire article)
View : 212 Times
Category : Business
Using The "home Affordable Mortgage Program" To Prevent Foreclosure Vs. Avoiding Sheriff''s Sale On
By: nick adama
Because of the extremelyhigh number of foreclosures that has completely devastated our financial system, several local and federal government programs were implemented to help provide relief to homeowners. One of the most talked about is what many call "The Obama Plan" or the "Home Affordable Mortgage Plan". Some half a million mortgages were submitted for approval, but reports show the number of accepted cases are as low as 2000. Only 2000 approvals for 500,000 submissions is pretty discouraging if those numbers are correct. We still advise you to apply for the "Obama Plan", but just make sure you don't count on actually receiving it. You absolutely need Plan B and may be Plan C; and it's probably a good idea to find a professional to help explore all possible options.(read
entire article)
View : 295 Times
Category : Debt
Don't Ignore Legal Notices When In Foreclosure
By: nick adama
The bank will have no problem opening discussions with the borrowers, all the while proceeding with the legal action and having the house sold. If the negotiations fail, the homeowners can be swiftly evicted.(read
entire article)
View : 213 Times
Category : Business
Government Foreclosure Help Programs Not Helping Very Many Homeowners
By: nick adama
The government's programs over the past few years to stop the foreclosure crisis have all been excellent examples of bad ideas with overly optimistic promises that soon failed. Many of these programs were designed to assist borrowers in negotiating with their lenders.(read
entire article)
View : 189 Times
Category : Business
Reasons Lenders Have Guaranteed Failure Of Government Modification Programs
By: nick adama
The government's programs to help stop the foreclosure crisis were probably started with the best of intention. Good intentions, however, can not cover for economic ignorance and an unwillingness to face the facts of the housing market.(read
entire article)
View : 180 Times
Category : Business
Three Considerations Before Applying For A Loan Modification
By: nick adama
Homeowners should expect to run into at least three major issues when attempting to qualify for a loan modification. These problems should be considered before the borrowers decide whether to apply for a modification or not.(read
entire article)
View : 179 Times
Category : Business
Where Are We In The Foreclosure Crisis?
By: nick adama
The following are some statistics about the housing market and the government's efforts to address the foreclosure crisis. Despite the state's programs, the foreclosure rate has kept up its dramatic increase.(read
entire article)
View : 183 Times
Category : Business
What If Your Lender Does Not Have The Right To Sue For Foreclosure?
By: nick adama
Many homeowners are becoming more aware of the defense to foreclosure that has come to be known as the "produce the note" strategy. This involves challenging the foreclosing lender or servicing company on its legal right to sue.(read
entire article)
View : 194 Times
Category : Business
