IT’S JUST HUMAN NATURE TO BE SCARED WHEN THE THOUGHT OF LOSING YOUR HOME IS LOOMING OVER YOUR HEAD, but I’m seeing an injustice going on that I want to shed some light on for you You see, there’s a major myth that’s making the rounds lately, here it is; as soon as a homeowner is in default on the mortgage, he must rely on a third party (foreclosure rescue or loss mitigation service) AND PAY AT LEAST $1,500 to avoid or stop the foreclosure

THE BAILOUT IS ON THE WAY TO HOMEOWNERS IN NEED WELL, NOT REALLY

With the global economic meltdown, Phoenix foreclosures have been on the rise Many experts have concluded that home prices still need to depreciate by another 15% within the next year

In the world of real estate, short sales have become a rising option for homeowners facing foreclosure While short sales can sometimes get you out of a sticky situation, there are many things to consider before jumping into a deal

The recent housing situation has caused a rise in home foreclosures in some pockets of the US This is opening the doors for a new wave of real estate property investors

Lets start this article by providing a brief explanation of what Foreclosure actually is before trying to explain the Foreclosure process Foreclosure is a process that is instigated when borrowers (typically you and I) are unable to consistently pay back the required mortgage payments to the bank or organisation that lent the money in the first place