Archive for September, 2010

Stop Foreclosure with a Short Sale or Deed in Lieu of Foreclosure

If you’re falling behind with your home loan, the best thing you can do is contact your bank right away to attempt and work out some kind of payment arrangement. If you wait till a notice of default has been filed, the loan company will probably be less likely to work out any arrangement with you. Should you speak to the lender in time, there is an excellent chance they will offer you a specific amount of time to have things up to date and stop foreclosure…. Read more »

$200K to Stop Foreclosure in Las Vegas

The city of Las Vegas has announced that they will be receiving $200,000 from HUD to help stop foreclosure in the city. Obviously, this is not enough to money to help homeowners directly with their past-due mortgages, so what is this money to be used for? The city plans to develop an educational program the will help residents facing foreclosure learn about their options.

It makes sense that Las Vegas would be targeted for a program like this because foreclosures in Nevada, especially in the Las Vegas area, are higher than in any other area of the country right now. Las… Read more »