We offer qualified house buyers that pay cash or can submit multiple offers. Servicing Houston Texas, contact us at 1-832-377-0358 begin_of_the_skype_highlighting              1-832-377-0358      end_of_the_skype_highlighting.

Home Foreclosure Help

October 22, 2007

in Community Blog

home foreclosure help
does anyone know about registering online for naca.com? it’s to stop home foreclosure.?

We have two days to stop the auction on our home and my father whom is old fashioned doesn’t know about computers. he was at the convention center this last week and gave them my wrong email address and now we can’t access our file online and can’t seem to get through on the customer service line that i’ve been trying all day. We are desperate. I hope someone who has experience with this reads this. Please help us. Will do anything.. PLEASE. THANK YOU. GOD BLESS

I hav never heard of NACA but, depending where you live and how much work you are willing to do in 48 hours..

What state do you live in? Last week 3 major lenders revealed problems which have led to a moratorium on foreclosures in the 23 states that require lenders to use a judicial foreclosure process (put link below with article that lists states)

Is his loan serviced by FNMA or FHLMC? Government sponsored modification programs such as HAMP and HARP-loans serviced by these two are mostly eligible to apply for these programs.
Once you APPLY, the lender is forbidden from taking foreclosure steps until it is decided whether or not he will qualify. If you call his bank and tell them you want to apply for HAMP or HARP (long as the basic reqs are met and again I will put the website link which will give you the specifics), they are legally obligated to stop until it is determined if he is eligible for the initial trial ( this process can take several months to determine whether the bank must modify or if they can start foreclosure)

I am feeling feisty tonight and I have a soft spot for the elderly so I am going to give you a couple of the inside type of stuff that usually gums up the works on the lenders end. Call the lender and
demand proof that they actually are in possession of the note and deed of trust/mortgage soca that he signed at closing. Legally, bank can’t proceed with foreclosure action if they can’t prove that they actually have the standing (during the crazy years when we were buying and selling loans, paperwork that was to follow and complete the transactions never made It to the new “owner” of the loan. Couple of days ago big article about this citing especially Countrywide for never completing their sales and now the new owners of the loans are scrambling to find what warehouse the docs are in because they have started foreclosures and are supposed to be able to produce upon request, couple of lawyers requested and everyone started realizing we have no idea where these docs are. Don’t get me wrong, the lender once they find them is in the right but they can’t proceed until they do find them so it is a delay tactic to just buy time.

Lastly, the one most people don’t know-pull all of the original loan closing docs-the Truth In Lending, the Note and the security instrument (deed of trust), all of these docs have very specific manners and info which was legally required to actually enforce the transaction, there have been a smattering of low profile suits where lenders had to vacate mortgages because they had not stated the APR within the federally mandated tolerance, or someone used the wrong instrument or numbers…again, during the crazy years, there were a lot of unqualified, overworked employees in the industry who made A LOT of mistakes… This tactic will require you to find and get into an attorney’s office ASAP but it is very effective if it pans out.

I am not a believer in using loopholes

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