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Foreclosure Defense and Loan Modification Blog

When Life Hands You Foreclosure, Make Foreclosure Lemonade

Posted by Maxwell Swinney

Monday, December 28, 2015

When life hands you lemons, you make lemonade. Even if what's sour is something as consequential and life-altering as foreclosure. There are countless examples of people experiencing a terrible event in their life and turning it into a positive. It's hard for anyone in the middle of a difficult situation to imagine how something bad can be good in the long run. And to be fair, it may not. But you can maximize the chances of making your sour situation sweet by turning your attention to what you can do to fix it.

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Topics: loan modification, loan modification help, foreclosure

4 Reasons Pets Become Victims Of Foreclosure

Posted by Maxwell Swinney

Wednesday, December 23, 2015

Foreclosure has a tremendous human cost. Families get kicked out of their homes, have their credit wrecked, and must find a new place to live. It's very difficult for the people who go through it, but there's also a nonhuman cost. Cue the Sarah McLachlin music, get your tissues ready. One of the most heartbreaking results of the foreclosure crisis is the effect it has on pets of some foreclosed homeowners.

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Topics: foreclosure, foreclosure grief, foreclosure pets

The 2016 Housing Forecast Looks Good, See What It Means for You

Posted by Maxwell Swinney

Monday, December 21, 2015

As 2015 comes to an end, those who watch and analyze the housing market are examining the data for the year and making predictions for the next. There is mostly good news, and as always with real estate it's all about the location. What really matters is what's going on in each homeowner's finances and life, and what options are available to them. So, let's look at some of the data for 2015 and the industry predictions for 2016 and see what it means for you.

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Topics: loan modification, housing market

How To Get Off Your Lender's Naughty List

Posted by Maxwell Swinney

Friday, December 18, 2015

Your lender has been watching you all year, and knows if you've been naughty or nice. But if you make their naughty list by not paying your mortgage, they don't come down your chimney and leave you a stocking full of coal. They'll do something much worse and take your home, chimney and all. Unlike Santa Claus' naughty and nice lists, you should know for sure which one you are on. What is harder than knowing is getting off of the naughty and onto the nice list so you can stay in your home.

Your mortgage lender has a very simple rule for determining whether you're naughty or nice. It's determined by whether or not you pay your mortgage on time every month. If you pay on time, you get to be on the nice list. Keep up the good work. What's your reward? Keeping your home, and not being threatened with the 'f' word. That's not the four letter 'f' word, it's the one with 11 letters: foreclosure.

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Topics: stop foreclosure, loan modification, foreclosure defense, loan modification help, foreclosure, mortgage

Forbearance Offers Temporary Relief for Temporary Mortgage Hardships

Posted by Maxwell Swinney

Thursday, December 17, 2015

If you're experiencing a temporary hardship that has caused you to be unable to make your monthly mortgage payments, a forbearance agreement is an option to consider that helps you keep your home out of foreclosure until your hardship passes. A forbearance agreement allows you to:

  • Reduce or suspend mortgage payments
  • Stay in your home
  • Avoid foreclosure
  • Have time and flexibility to overcome your hardship
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Topics: loan modification, forbearance, hardship

Can You Make Too Much Money To Get A Loan Modification?

Posted by Maxwell Swinney

Monday, December 14, 2015

Is it possible to make too much money? You might think that it's not any more possible than being too good looking, too smart, too healthy, or too happy. Having too much of any of those positive things is what most of us would call a high quality problem, so the question is too much for what? If you're trying to get a mortgage loan modification, the answer is yes, you can make too much money to qualify.

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Topics: loan modification, hamp loan modification, loan modification help

Common Foreclosure Defenses And How They May Work For You

Posted by Maxwell Swinney

Friday, December 11, 2015

If you've been notified that you're in danger of losing your home, you have probably experienced panic, dread, and fear. There are so many unknowns. Will you be able to keep your home? Will your credit be ruined? Where will you move, and when? How will your life change when you lose your home?

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Topics: how to stop foreclosure, foreclosure defense

What To Do When You Can't Pay Your Mortgage

Posted by Maxwell Swinney

Wednesday, December 9, 2015

People have difficulty paying their mortgage for a variety of reasons. They lose their job, get divorced, or incur costly medical bills, to name a just a few common hardships. To make ends meet when a hardship happens, some are able to reduce spending on nonessential items like entertainment, vacations, and eating out. If that's not enough, things that are necessary, but can be put off, are. If reducing spending does not free up enough cash to pay for essentials like mortgage, car, and utility payments, tough decisions have to be made.

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Topics: loan modification, foreclosure

Reinstatement Allows Delinquent Homeowners to Stop Foreclosure

Posted by Maxwell Swinney

Monday, December 7, 2015

Foreclosure can be a confusing subject that mystifies all but the most well-versed professionals. All the ins and outs, the what have yous, and esoteric legal language make it difficult to understand the benefits and requirements of various options. However, there are ways to stop foreclosure that are simple and easy to understand for any homeowner. One of the easiest ways is a revolutionary concept that involves paying the money required to bring the loan current. It's called reinstatement.

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Topics: loan modification, foreclosure, reinstatement

How Hardest Hit Helps Homeowners

Posted by Maxwell Swinney

Friday, December 4, 2015

The Hardest Hit Fund (HHF) was created by the federal government in 2010 to give financial aid to struggling homeowners in states that were most negatively impacted by the housing crisis and recession through loan modifications, mortgage payment assistance, and transition assistance programs. States were selected to receive funds from the program based on having above average rates of unemployment and decline in housing prices.

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Topics: loan modification, hardest hit

Number of Homes Underwater Drops, but Still a Huge Problem

Posted by Maxwell Swinney

Wednesday, December 2, 2015

The percentage of Americans with negative equity in their homes, also known as being underwater, continued to fall in the second quarter of 2015 to 14.4%, according to a report from the real estate company Zillow. The rate of homeowners with negative equity has been dropping since the first quarter of 2012 when a high of 31.4% of homeowners were underwater. 

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Topics: loan modification, housing market, negative equity

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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