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I’m distressed and scared about losing my home!

I am facing foreclosure – Homeowner Story
After 33 years working for the same company, I ended up on permanent disability due to 4 heart attacks and a stroke. Refinanced my house in August 2004 in order to be able to handle payments and pay off some bills.
Thought I was taking out a 30 yr fixed [...]

18Feb2008 | Moe Bedard | 1 comment | Continued
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Countrywide Foreclosure Assistance – I need help with Countrywide they are taking my house

Countrywide Foreclosure Assistance – Homeowner story submitted by Jennifer  
I have been dealing with Countrywide Home Loans since 10/07. I spend more time stressing than anything else these days. We are 3 months behind in the foreclosure process because of increased escrow. I get the run around from countrywide and never talk to the same department no less [...]

18Feb2008 | Moe Bedard | 12 comments | Continued
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Countrywide Announces Historic Subprime Relief Plan

Countrywide Financial Corp. has teamed up with the Association of Community Organizations for Reform Now (ACORN) to help subprime borrowers avoid foreclosure. All of Countrywide’s borrowers with subprime loans will be eligible for relief, according to an announcement made earlier today.

11Feb2008 | iaff_staff | 0 comments | Continued
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Home Equity Loan Defaults on the Rise

Home equity loans and lines of credit are putting lenders in an even bigger pinch as the number of home equity defaults rises to record levels.

5Feb2008 | iaff_staff | 0 comments | Continued
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Understanding the Foreclosure Process

By Moe Bedard
The foreclosure process varies in every state and it’s imperative that homeowners understand this process. Learn everything you can because this will affect you in every which way and it is something that should not be taken lightly. One thing is for sure, time is NOT on your side. But, an educated consumer [...]

2Feb2008 | Moe Bedard | 1 comment | Continued
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Stimulus Plan to Include Housing Relief Provisions

Although exact details are lacking on the mortgage relief provisions of the economic stimulus package, we do know policymakers plan to use the FHA, Freddie Mac and Fannie Mae to pump life into the housing market.

28Jan2008 | iaff_staff | 1 comment | Continued
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Subprime Crisis or Stated Income Crisis?

Loose lending practices extended beyond subprime during the housing boom. Option ARMs accounted for up to 90 percent of the profits some lenders made in the hottest housing markets.

21Jan2008 | iaff_staff | 2 comments | Continued
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Homeowners Forum Helps Fix Loans and Save Homes

LoanSafe.org is a support community that is built around the premise of paying it forward. These homeowners were able to stop foreclosure with the assistance of this great website and the community. We hope to have more success stories in the future and please consider joining our fight to save our homes from foreclosure.
Success Letter of the [...]

17Jan2008 | Moe Bedard | 1 comment | Continued
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City Sues Mortgage Lender Over Foreclosures

An unprecedented federal lawsuit filed Tuesday by the city of Baltimore accuses mortgage giant Wells Fargo of engaging in predatory and discriminating loan practices. City officials estimate they could recoup “tens of millions” in damages.

10Jan2008 | iaff_staff | 0 comments | Continued
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Countrywide Gives Three Lucky Homeowners a Break With Loan Modifications

If anyone understands just how difficult it is to obtain a loan modification, they will tell you that getting one is almost like winning the lottery. The odds are severely stacked against you and your chances getting one are close to nil. In fact, you are lucky to even apply for one.
I am fortunate enough to run [...]

8Jan2008 | Moe Bedard | 0 comments | Continued
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