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Pointers and Quick Reference
- Loss Mitigation Phone Numbers for major lenders and servicers. This is the most comprehensive list online. Search for your lender/servicer here.
- Example Hardship Letter - How to write a hardship letter, with example template.
- Methods To Stop Foreclosure - Overview/guide of the main methods and tools available.
- A Florida Tenant's Guide to Foreclosure
- 101 Tips & Resources for the Upside-Down Homeowner - An incredibly comprehensive (though high-level) guide.
Foreclosure/Preforeclosure Library
- Understanding The Foreclosure Process - The foreclosure process; overview of the steps and stages, and your options. Good place to start.
- Your Options When Facing Foreclosure - The preforeclosure situation and the different types of workouts.
- The Foreclosure Story: What does the Process Look Like? - From pre-foreclosure to foreclosure, contributed by blogger Dr. Housing Bubble.
- Does Bankruptcy Prevent Foreclosure? - The bankruptcy process as it relates to foreclosure (attorney-contributed).
- Planning a Strategy for Successful Workouts - Basic strategy—a must read as there are some very unintuitive things! By Prof. Daniel Shays.
- Preforeclosure: Why Professional Appraisals Are a Necessity - How not to get screwed out of money that is yours when your house is valued in the preforeclosure process. By Steve Grimes.
- ... more coming! (In fact, if you would like to contribute, let us know).
Market Updates
Note: This section has been combined with the blog.
- Better Business Bureau Issues Foreclosure Scam Alert (Nov. 15th, 2007) - "The vultures have begun to circle the increasing number of U.S. homeowners facing foreclosure. The Better Business Bureau has received complaints of foreclosure scams from every state and is warning consumers to be on the alert."
- U.S. Foreclosure Activity Up 100 Percent in Third Quarter (Nov. 3rd, 2007) - "In the Q3 2007 U.S. Foreclosure Market Report released November 1, RealtyTrac reported third quarter foreclosure activity increased 100 percent in a year-over-year comparison."
- Impact of Mortgage Resets Likely to Be Worse Than Reported (October 29th, 2007) - The Option ARM and Alt-A reset wave combined will surpass the impact of subprime, through 2011.
- Survey Suggests Lenders are Not Working to Prevent Foreclosures (October 24th, 2007) - Rather grim news; even more reason to make sure you go about the process methodically.
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