tag:blogger.com,1999:blog-16693951Sun, 13 Dec 2009 15:51:34 +0000Please join our community of homeowners who are facing foreclosure and looking for help. Our purpose is to share information, resources, tips, and strategies necessary to increase the chances of keeping your home. Learn what you must do and how to avoid being ripped off by greedy sharks who will be circling you. Welcome!http://stopforeclosureblog.blogspot.com/noreply@blogger.com (Bill)Blogger42125tag:blogger.com,1999:blog-16693951.post-6646650676060425724Sat, 09 Jun 2007 19:56:00 +00002007-07-12T22:56:16.541-06:00Important Announcement:Stop Foreclosure Blog has now been redirected to Bill's newly updated website for homeowners looking for foreclosure assistance located here:Stop Foreclosure Here you'll find the single most comprehensive and #1 foreclosure help site available to homeowners. And it is FREE!Please go there now and learn how to fight back and keep your home.http://stopforeclosureblog.blogspot.com/2007/06/important-announcement-stop-foreclosure.htmlnoreply@blogger.com (Bill)3tag:blogger.com,1999:blog-16693951.post-8248186202606569557Tue, 08 May 2007 14:47:00 +00002007-05-08T09:14:20.898-06:00Foreclosure Problem ExpandingLes Christie, staff writer for CNNMoney.com, writes yesterday about the blight being caused by the foreclosure epidemic that is briskly growing."Foreclosure filings are up 35 percent nationwide since a year ago, according to RealtyTrac."Several hard-hit areas of the country are mentioned including Cleveland.' "Foreclosures have helped destabilize not only Cleveland http://stopforeclosureblog.blogspot.com/2007/05/foreclosure-problem-expanding-les.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-7895598619950871509Thu, 03 May 2007 18:16:00 +00002007-05-03T13:11:01.057-06:00Massachusetts Is First State To Impose Foreclosure MoratoriumMassachusetts has become the first state in the country to declare a moratorium on foreclosures stemming from predatory lending according to Yahoo News."Homeowners will now be able to submit a complaint to the Division of Banking.The division will then call the lender and ask them not to foreclose.The move comes after dozens of http://stopforeclosureblog.blogspot.com/2007/05/massachusetts-is-first-state-to-impose.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-9043334956262933421Mon, 23 Apr 2007 19:21:00 +00002007-04-23T13:37:59.754-06:00Will Banking Regulators Worsen The Foreclosure Crisis?Today, Jody Shenn of Bloomberg reports on another potential problem facing homeowners struggling with their mortgage payments."Banking regulators may push more homeowners into foreclosure by making it tougher to refinance subprime mortgages, said Angelo Mozilo, head of the largest U.S. home-loan lender.""The Federal Reserve, Federal Deposit http://stopforeclosureblog.blogspot.com/2007/04/will-banking-regulators-worsen.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-1289454377211544769Thu, 19 Apr 2007 13:45:00 +00002007-04-19T08:15:12.378-06:00A Government Mandated Foreclosure Moratorium?This is a possibility, amongst many others, being considered by Congress looking for a way to stem the tide of foreclosures nationwide. While it sounds like a good idea on the surface it may be impossible due to the complexity of the mortgage industry and its multi-tier hierarchy.Holden Lewis of Bankrate.com writes in an article released today:"The http://stopforeclosureblog.blogspot.com/2007/04/government-mandated-foreclosure.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-2078792743851944284Thu, 12 Apr 2007 19:53:00 +00002007-04-12T14:09:05.946-06:00Will Government Intervene To Help Homeowners In Foreclosure?That is yet to be determined. But what we can be certain of is a heated debate on this issue in the coming months. Yesterday, key Senate Democrats fired the first shot suggesting that hundreds of millions of dollars in federal aid may be needed to assist homeowners at risk of foreclosure. Charles Schumer, chairman of the Joint http://stopforeclosureblog.blogspot.com/2007/04/will-government-intervene-to-help.htmlnoreply@blogger.com (Bill)1tag:blogger.com,1999:blog-16693951.post-742200696922290661Tue, 10 Apr 2007 02:38:00 +00002007-04-09T21:48:01.760-06:00Don't Be Victimized By Foreclosure "Rescue" Scam ArtistsAs I've discussed here before there are people out in your community right now looking to rip you off. They will stop at nothing to try to steal your home from you. And if you are in foreclosure you are vulnerable.This week I was sent yet another article detailing the despicable things these predators will do to try to take your home from http://stopforeclosureblog.blogspot.com/2007/04/dont-be-victimized-by-foreclosure.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-4301972580759333946Fri, 06 Apr 2007 18:41:00 +00002007-04-06T13:01:25.600-06:00Facing Foreclosure? Call Your Lender!Noelle Know of Gannett News included an interesting statistic in a story earlier this week:"Of the almost 280,000 homeowners who lost their homes to foreclosure last year, half of them never talked to their lenders."All I can say is wow!As I've said many times before the single most important thing you must do when facing foreclosure is contact your lender. http://stopforeclosureblog.blogspot.com/2007/04/facing-foreclosure-call-your-lender.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-2145214663740257373Mon, 02 Apr 2007 20:55:00 +00002007-04-05T15:16:17.591-06:00Seek Foreclosure HotlinesColorado, where I live, has done an excellent job addressing the problems facing consumers in or heading towards foreclosure. Since they set up a Foreclosure Hotline 5 months ago they have already received over 11,000 calls from people in trouble with their home loans.Anyone outside of Colorado should contact their state's Division Of Housing to find out if they have set http://stopforeclosureblog.blogspot.com/2007/04/seek-foreclosure-hotlines-colorado.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-114046746612100248Mon, 26 Mar 2007 18:59:00 +00002007-04-05T15:12:21.782-06:00Simple Tips On Avoiding ForeclosureFew things are as devastating as losing your home. Sadly, it's not always inevitable. In many cases the foreclosure could've been avoided with some outside help.Foreclosure can happen to anybody. I have personally seen dozens of people with perfect credit end up facing foreclosure. The most common causes are divorce, job layoffs, or a devastating illness. http://stopforeclosureblog.blogspot.com/2006/04/avoiding-foreclosure-few-things-are-as.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-113770337972572900Mon, 05 Mar 2007 20:23:00 +00002007-03-26T13:09:40.719-06:00Your Credit Score - Part 4: How Does A Low Credit Score Affect My Interest Rates? Lenders estimate your ability to pay back money based on your credit score. The risk factor they take on is built-in to your interest rate as a financing fee. Therefore, a low credit score results in a higher interest rate, higher monthly fees, and a higher amount of interest being paid over the total life of the http://stopforeclosureblog.blogspot.com/2006/03/your-credit-score-part-4-how-does-low.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-113761508388096294Mon, 12 Feb 2007 19:23:00 +00002007-03-26T13:08:50.623-06:00Your Credit Score - Part 3: The Five Factors Determining Your Credit ScoreCredit scores are comprised of five factors. Points are awarded for each component, and a high score is most favorable. The factors are listed below in order of importance.1. PAYMENT HISTORY - 35% IMPACTPaying debt on time and in full has the greatest positive impact on your credit score. Late payments, judgments and http://stopforeclosureblog.blogspot.com/2006/03/your-credit-score-part-3-five-factors.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-113752754160803616Mon, 22 Jan 2007 19:40:00 +00002007-03-26T13:07:55.873-06:00Your Credit Score - Part 2: Why Your Credit Score Is So ImportantThe credit scoring model seeks to quantify the likelihood of a consumer to pay off debt without being more than 90 days late at any time in the future. Credit scores can range between a low score of 350 and a high score of 850. The higher the score, the better it is for the consumer, because a high credit score translates into a lowhttp://stopforeclosureblog.blogspot.com/2006/03/your-credit-score-part-2-why-your.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-113718365766901187Sat, 06 Jan 2007 20:02:00 +00002007-03-26T13:05:42.706-06:00Your Credit Score - Part 1: The History of Credit ScoringThe credit score system used today has evolved since the 1960's. It was originally designed to provide lenders with financial profiles on consumers who wished to borrow money. The lender's biggest concern was whether or not an individual had the ability to repay a loan, and establish what percentage of risk might be involved.Congress passedhttp://stopforeclosureblog.blogspot.com/2006/03/your-credit-score-part-1-history-of.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-115817917301364797Wed, 13 Dec 2006 21:26:00 +00002007-03-26T13:03:33.514-06:00Just How Much Money Is Your Bad Credit Costing You?If your credit is damaged you already know that you are paying more for your financing - credit cards, automobiles, and your home than someone with strong credit. But how much more? More than you probably think. If your credit is less than perfect this is a must read.But be forewarned - this is a bitter pill to swallow. But it can also act as a http://stopforeclosureblog.blogspot.com/2006/09/just-how-much-money-is-your-bad-credit.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-116301857480358434Mon, 06 Nov 2006 20:22:00 +00002006-11-08T13:44:55.033-07:00Avoid Online Fraud - 8 common mistakes:As more & more consumers bank and buy goods online there are some common mistakes to avoid becoming a victim of fraud. Jennifer Mulrean at MSN Money recently explored this issue.1) "Giving out personal informationThe number of so-called phishing scams has taken off. It boils down to being lured into giving your personal information by official-looking fake http://stopforeclosureblog.blogspot.com/2006/11/avoid-online-fraud-8-common-mistakes.htmlnoreply@blogger.com (Bill)3tag:blogger.com,1999:blog-16693951.post-114003800995276903Mon, 16 Oct 2006 19:37:00 +00002006-10-17T13:57:33.736-06:00"What happens if I make less than the minimum payment due on a credit card?"I was emailed this question yesterday from a Denver couple who have seen a few of their credit card companies raise the minimum monthly payments from 2% to 4% of the account balance. (Which credit card companies now can legally do).Good question even though you may not like the answer. The key word here is minimum. Credithttp://stopforeclosureblog.blogspot.com/2006/10/what-happens-if-i-make-less-than.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-114591279659810491Mon, 02 Oct 2006 21:06:00 +00002006-10-17T13:59:29.533-06:00Practical Tips For Cutting CostsAre You Overpaying For Your Utilities?Many of us are spending far more on our utility bills than we should. The good news is there are solutions available that are not only easy, but inexpensive as well. Begin by gradually replacing all light bulbs with long-lasting energy savers. Next, replace all shower heads with low-flow versions. Make a concerted effort to http://stopforeclosureblog.blogspot.com/2006/10/practical-tips-for-cutting-costs-are.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-115756039866036747Wed, 06 Sep 2006 16:30:00 +00002006-09-06T10:58:52.983-06:00Understanding Credit Scoring & Credit RepairCredit remediation is a subject consumers often face with fear and trepidation, and for good reason. With the exception of recognizing that the best score wins, the average home shopper knows very little about the whole credit scoring process. Sub-prime borrowers who are eager to move into A-Paper territory often find themselves at a loss when trying tohttp://stopforeclosureblog.blogspot.com/2006/09/understanding-credit-scoring-credit.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-114711820448604024Mon, 21 Aug 2006 19:23:00 +00002006-09-06T10:53:56.403-06:00Are Collection Calls Making Your Life Hell?The key is to know what your rights are. The Fair Debt Collection Practices Act states thatcollection agents may not:"- Call before 8 a.m. or after 9 p.m.- Talk to anyone but you (or your attorney, if you have one) about the debt.- Threaten to garnish wages or seize property unless they actually intend to do so.- Garnishment is illegal in some states, http://stopforeclosureblog.blogspot.com/2006/08/are-collection-calls-making-your-life.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-115385999204609049Tue, 25 Jul 2006 20:25:00 +00002006-07-25T15:47:40.793-06:00Can Paying Off Old Debts Actually Harm My Credit Scores?This is a question I am asked frequently and the answer may surprise you. Yes, it can.Liz Pullian Weston, as MSN Money addresses this issue:"Borrowers who try to pay off old delinquencies, charge-offs and collection accounts often learn the hard way: Sometimes, doing the right thing does the wrong thing to your credit.Quirky credit scoring http://stopforeclosureblog.blogspot.com/2006/07/can-paying-off-old-debts-actually-harm.htmlnoreply@blogger.com (Bill)4tag:blogger.com,1999:blog-16693951.post-115273338415723653Wed, 12 Jul 2006 19:20:00 +00002006-07-25T14:48:35.880-06:005 Credit Score KillersThere are endless ways to damage your credit scores these days and I think I have personally seem nearly all of them. However, some of the factors that negatively affect your credit scores may surprise you.David Ellis at CNNMoney.com writes about five such ways with only the first one being the obvious no-brainier:"Late payments:The easiest way to lower your credit score is http://stopforeclosureblog.blogspot.com/2006/07/5-credit-score-killers-there-are.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-114963421920069260Tue, 06 Jun 2006 22:38:00 +00002006-06-06T16:53:45.640-06:00Can you afford to retire?Alot of us work so hard every day so one day we don't have to work anymore. An alarming report today in cnnmoney.com indicates that almost half of us won't make it."A new retirement risk index released Tuesday estimates that 43 percent of working-age households are not likely to have enough retirement income to replicate their current standard of living."If this statementhttp://stopforeclosureblog.blogspot.com/2006/06/can-you-afford-to-retire-alot-of-us.htmlnoreply@blogger.com (Bill)2tag:blogger.com,1999:blog-16693951.post-114919121031427430Thu, 01 Jun 2006 19:35:00 +00002006-06-01T13:48:52.600-06:0026 Ways To Keep From Digging Your Debt Hole Deeper On VacationJust because you are overextended now doesn't mean you can't have any fun. If you plan to go on vacation this year to get away from your money worries you can do so with some smart planning.Leslie Hunt at Bankrate.com shares with us suggestions from her frugal readers on more vacation for less dough:"1. ''Budget enough money to http://stopforeclosureblog.blogspot.com/2006/06/26-ways-to-keep-from-digging-your-debt.htmlnoreply@blogger.com (Bill)0tag:blogger.com,1999:blog-16693951.post-114840367476694696Tue, 23 May 2006 16:52:00 +00002006-05-24T12:28:02.223-06:00Get Out Of Debt In Eleven StepsGetting into debt is much easier (and fun) than getting out of debt. It requires a complete change in money behavior to avoid falling back into the debt abyss.Janet Paskin at Money Magazine lists an eleven step plan to get out of debt:"1. Go green. For everyday spending, carry around a set amount of cash to use each week. You will find that you make better http://stopforeclosureblog.blogspot.com/2006/05/get-out-of-debt-in-eleven-steps.htmlnoreply@blogger.com (Bill)2