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Clinton Calling for 90 Day Ban on Foreclosures

Presidential candidate Hillary Clinton is pushing for a 90 day ban on foreclosures and a 5 year “freeze” on adjsutable rate mortgages.  Clinton sent the following letter to Treasury Secretary Henry Paulson calling for needed steps to end the foreclosure crisis. December 3, 2007 The Honorable Henry M. Paulson, Jr. Secretary United States Department of the [...]

3Dec2007 | | 1 comment | Continued
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Did anyone see the San Diego fires?? Yes — that is exactly what is happening every day across the country. Yes. it is.

Submitted By Juan – in response to a post on LoanWorkout.org in regards to “the pending loan modification campaign” spearheaded by US Secretary Treasurer Henry Paulson. If all these homes were on fire, with flames and smoke, reaching into the air, across the country, — you would see more of an immediate reaction to the [...]

1Dec2007 | | 2 comments | Continued
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Abandoned Pets Found in Foreclosed Homes

By Moe An unfortunate casualty of the foreclosure crisis are homeowner’s pets that are often left behind, abandoned to fend for themselves. The stress and depression that foreclosure causes for some homeowners, makes people act in irrational ways. Some have to move so fast, often to hotels, where pets are not allowed and they have [...]

1Dec2007 | | 1 comment | Continued
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Foreclosures Aren’t the Result of ARM Resets…Yet

The national foreclosure rate has climbed steadily throughout 2007. While most reports attribute the bulk of the foreclosures to ARM resets, the reality is that more than half of the borrowers who are defaulting are still in their first year of the loan.

1Dec2007 | | 6 comments | Continued
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Actually not all deserve bail out

Submitted By Allan Here are my thoughts: – any stated income loan shall not be eligible if income stated is more than 10% of real income. I’m sorry but when one signs 1003 income numbers are clearly visible and if one didn’t question his LO he/she not only naive but a accomplice to fraud. The [...]

30Nov2007 | | 2 comments | Continued
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Litton offered us a loan modification, and we gratefully accepted

Contributed By Lucinda From Our Homeowners Forum at LoanSafe.org  Hi there, Thank you to everyone who’s contributed to this wonderful site! If anyone has experience with Litton and their loan modification system, please chime in. Long story short, due to illness and several other abnormal expenses this year we became a good three months behind on [...]

30Nov2007 | | 4 comments | Continued
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Avoid Foreclosure in the Inland Empire

Looks like the Inland Empire may recieve much needed assistance and homewers may be able to avoid foreclosure with a new plan by our governor.  Gov. Schwarzenegger came to Riverside on Thursday to alert homeowners living in one of the nation’s most mortgage-troubled regions about options that may save their homes from foreclosure. Schwarzenegger announced [...]

30Nov2007 | | 0 comments | Continued
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Facing Foreclsoure With Countrywide – Learn How to Fight Back With Jac Mac

Homeowner Story By Jac Mac at LoanSafe.org  I am hoping that I’ll have better results with Countrywide than I’ve read so I’d like some support and help along the way. I’ve been reading a lot on Moe’s site and he’s offered so much valuable information, I can never thank him enough. I almost feel smart [...]

30Nov2007 | | 3 comments | Continued
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Facing Foreclosure With HSBC

Submitted By Anne-Marie  I tried to prepare in advance, calling HSBC to try a work out or any suggestion or help in preparing. They told me that they do not do work outs and they cannot even discuss any options with me since at the time the call was made I was not in default. [...]

29Nov2007 | | 0 comments | Continued
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Another Struggling Homeowner Facing Foreclosure With Option One

 Reader Contributed Can anyone please help. I fell in to foreclosure with option one. it seems that they want you to be in foreclosure. I have tried to workout programs but cannot because they never get back to you. I have set up 3 repayment plans and the payment is double the current mortgage and [...]

29Nov2007 | | 1 comment | Continued
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