Reviews of Automated Foreclosure Finders [mortgageinsurance-101.blogspot.com]
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What are some of the ways in which you can avoid losing your home through foreclosure? Are you looking for reviews of automated foreclosure finder? Here some of the various ways in which you can prevent foreclosure.
Firstly you need to assess your situation and pick a solution that's workable. Among the options that you could choose is, you can find someone to buy the house from you. You could find a friend or relative to buy the house. Then when you get financially stable you could buy the house back or lease to buy from the individual.
While looking at reviews of automated foreclosure finder another option you can look at is loan refinancing. This whereby you get another loan to be able to make payments on the first one. This will prevent the foreclosure to your home but you could still end up losing your home anyway. The interest on the second loan is higher and it makes the payments higher.
If you were already having financial problems then refinancing is not a good idea.Another option is if you are in it so deep and don't have a way out you could just sell the house for what its worth and try and settle the loan, or you could approach the bank and ask them to take the house in lieu of payment.
Still on the subject of reviews of automated foreclosure finder. If you really want to keep your house but can no longer afford the monthly payment. Then you should consider home loan modification. This strives to reduce the mortgage payments to ones that you can afford. Payment is made lower through the extension of the payback period, lowering of the loan interest and reduction of principal debt.
There are companies whose main concern is home loan modification.
Get their help and advice, they just might be able to prevent foreclosure to your home and you get back on your feet. Recommend Reviews of Automated Foreclosure Finders TopicsQuestion by : Mortgage broker fee/finder fee - paid anyway or usually ONLY on closing meaning only if mortgage is approved? Hi All, I have a situation where I understand it is not easy to approved my mortgage refinance application due to no employment income (I am self employed). Therefore, I am trying to work with mortgage brokers instead of directly with the banks. One of the conditional mortgage commitments I got says $ 2000 mortgage finder fee is due in a week and is non refundable - even if the bank does not approved me eventually (meaning does not release all the conditions they have) I will not get the $ 2,000 back. I am OK with the $ 2000 fee BUT my question is: is it reasonable that it is NON-REFUNDABLE even if the bank ends up not approving my loan!? Should I insist on changing it to $ 2000 paid on closing meaning only when and if the bank transfer the money after approving me? THANKS. Best answer for Mortgage broker fee/finder fee - paid anyway or usually ONLY on closing meaning only if mortgage is approved?:
Answer by the kid
Don't do it. Anyone who wants money up front is not kosher. You should easily be able to find a broker who will help you without charging beforehand. I WOULD NOT work with this broker at all.
Answer by someone
Reasonable or not the broker is entitled to be paid for doing the work. You know you will have trouble qualifying but you can do the leg work yourself. Call around and see if they would accept 5 yrs of Tax Returns as proof of earned income. Just by pass the broker
Answer by Tracey Martin
This has scam written all over it. I have never heard of a finder's fee for a mortgage. They want you to pay $ 2000.00 with no guarantee they will preform at all. Unless you have money to throw around, I would tell them thanks, but no thanks. My guess is that when you tell them no thanks, they next thing they will say is, they already have the paper work done, and have a mortgage lined up for you, all they need to close the deal is the $ 2000.00. Do not agree to pay them. If you agree to the terms stated above, you will not have any recourse if they do not preform, because you agreed that they don't have too. Realtors and Mortgage Brokers, as a rule, don't get paid unless they get the deal closed. Asking for any upfront payments or fees, in the Real Estate industry, is more often then not, a sign of a scam. If you decide you want to work with them, demand that they change the terms so that the money is paid at closing, and if they don't preform, you won't pay anything. If they will not agree to that, walk away. You might want to report them to your local D.A. office.
