Mortgage Foreclosure Solutions

Mortgage Foreclosure Solutions, Inc.

This company provide Mortgage Foreclosure Solutions to Stop foreclosure in USA.  Foreclosure is the lawful process of the mortgage holder taking the collateral for a promissory note in default. The procedure is somewhat different from state to state, but there are essentially two types of foreclosure, judicial and also non-judicial. In mortgage states, judicial foreclosure is used, whereas in deed of trust states, non-judicial foreclosure is used. Most states allow both types of proceedings, but it is ordinary practice in most states to use wholly one method or the other.

Judicial Foreclosure

Judicial foreclosure is a court case that the lender ("mortgagee") brings against the borrower ("mortgagor") to obtain the property. About half of the states use judicial foreclosure. Like all lawsuits, it starts with a directive and complaint served upon the borrower and any other party with inferior rights in the property
If the borrower does not file a reply to the lawsuit, the lender obtains a judgment by default. A referee is then selected by the court to compute the total amount (including interest and the attorney's fees) that is due. The lender then should promote a notice of sale in the newspaper for four to six weeks. If the total amount owing is not paid, a public sale is conducted by the arbitrator on the courthouse steps. The entire process could take as little as three months and to the extent those twelve months depending on the volume of court cases in your county.

Non-Judicial Foreclosure

Most states allow a lender to foreclose without a court case, using what is usually called a "power of sale." pretty than a mortgage; the borrower ("grantor") provides a "deed of trust" to a trustee to hold for the lender ("beneficiary"). Upon evasion, the lender just files a notice of default and a notice of sale that is published in the newspaper. The entire procedure regularly takes about 90 days. The borrower typically has a right of redemption after the sale.

Mortgage Foreclosure Solutions

Strict Foreclosure

A few states permit "strict" foreclosure, which does not require a sale. When the proceeding is started, the borrower has a certain amount of time to pay what is owed. Once the date has passed, title reverts to the lender. Many California and Oregon cases, in which the seller has sought forfeiture under a land contract, the court has ordered strict foreclosure.

Salvation Rights

Some states provide a borrower the right to "redeem" the amount payable and get title to the property back after the sale. The length of the salvation period changes from state to state. The uppermost right of redemption is from the proprietor, borrower or guarantor on note. Behind him come the junior lien holders who are in danger of being wiped out by the foreclosing senior lien holder.

In states where there is long salvation period, investor frequently purchase the junior liens on the property to have the right to redeem the property from foreclosure. The holder of the mainly junior lien has the last right to redeem the property by paying off all fundamental liens. The owner, of course, has the highest right. Obtaining a quitclaim action from the proprietor gives you the right to redeem the property yourself.

Mortgage Foreclosure Solutions, is a solution provider for individuals in foreclosure. We have helped countless people solve their stop foreclosure dilemmas, and can assist you in avoiding foreclosure and even stopping foreclosure.

We are a nationwide firm that has been assisting homeowners to stop foreclosure since 1997. The term "foreclosure" rarely has any positive feelings associated with it. And for good reason: foreclosures are always connected with times of financial difficulty. But for the real estate investor, foreclosure investing represents an opportunity to increase his or her profits while helping someone out of a tough spot at the same time.

What is a foreclosure?

A foreclosure refers to the process of reclaiming mortgaged property by the lender. Almost everyone must borrow some amount of money to purchase a home. The amount varies, but most lenders finance from 80 to 100 percent of the total cost of the property. The loan is called a mortgage, and the home buyer repays the mortgage over time. The total term of the loan can vary, but most buyers make monthly payments for a total of 15, 20 or even 30 years.

Sometimes a situation may arise in which the home buyer can no longer make monthly payments on time. This may be due to unexpected medical expenses, the loss of a job, or poor financial planning. It's usually in the best interest of the lender to continue the loan, but if the buyer misses too many payments and has no visible resources for getting current, the lender may be forced to begin the foreclosure process.

Foreclosures are possible because the property serves are collateral for the loan. In the mortgage agreement, both parties have agreed to certain conditions, including the return of the house to the lender when required payments aren't made.

What's the benefit of foreclosure investing?

Foreclosures are particularly attractive to real estate investors. Foreclosure investing lets you buy properties at bargain basement prices. The time and money you invest in foreclosure properties almost always have greater returns than normal real estate investing.

Foreclosure investing tends to have less competition. Foreclosure takes some extra work to locate, especially in the weeks before it actually goes up for public auction. If you're willing to do the research, you'll be able to find these below-market-price homes and face very little competition.

Stop Foreclosure Help

When in foreclosure, mortgage companies prefer working with us because we are professionals and we're known to them and understand the foreclosure process.  Unfortunately, people lose their homes everyday because they don't know how to mitigate the foreclosure process and don't have enough time to learn.  Your house can be lost by attempting a solution that is not available to you by your lender, or by not taking appropriate action in time. We know your rights and how take action with your best interest In mind. When your lender stops working with you to get the loan paid we know what to do to see that they give you your 2nd chance so you can avoid foreclosure and even stop foreclosure.

There are at least three ways to profit from foreclosure investing. First, you may choose to keep the home after you purchase it. Buying a foreclosure usually gives you a large instant equity that you can borrow against for future real estate investments. Or, you may choose to rent out the home and provide yourself with a monthly income.

Another way to profit from foreclosure investing is to flip the foreclosure. Many foreclosures may need only a cosmetic makeover to really enhance their curb appeal. Then you can resell the property at full market value and pocket a tidy profit.

Foreclosure investing has the potential for higher profits than everyday real estate investing. Plus, if you can close the deal before the house goes up for public auction, you'll be providing real help for someone in a desperate financial situation. Foreclosure investing takes more research and follow-up, but the rewards are well worth it.

So please feel free to give us a call today toll free at (888)-533-8177   to find out if Mortgage Foreclosure Solutions can help you get back on track with your lender and on the road to financial recovery. Remember you can prevent foreclosure but you have to take the first step so call now.