Showing posts with label foreclosure avoided. Show all posts
Showing posts with label foreclosure avoided. Show all posts

Monday, August 29, 2011

Check Your Capability on Buying House to Avoid a House Foreclosure

Do you want to buy new house? Do you need also to get money to pay your mortgage payment? If you want to get a new house, you need to assure the best possible type of house you want to live in which is affordable and worth-living. It is important since a lot of people fell to their bankruptcy due to not considering what they want with their capability. It is something which led them into their own house foreclosure.

Checking your balance on your bank account is required to make your payment secured. It is valuable for you to compare your financial condition with the price of something you want to buy. Considering the thing you want to buy is house, it will cost much money. For the best solution to consider the house you want to buy, you need to ask and consult to the house developer. Ask them what type of the house, the quality and how much it will cost compared to the money you have. These ways will be helpful for you to get a comfortable life without burdening debt, thereby helping you to avoid foreclosure. After all, a foreclosure avoided is a huge financial hardship averted.

Thursday, June 9, 2011

Foreclosure Avoided and a Happy Ending for This Couple

Bank of America recently tried to foreclosure on a Florida couple who paid cash for their house. Not only did the couple not owe any money to the bank, they never even had a mortgage in the first place!

Somehow the bank and its attorney, the David J. Stern law firm, became convinced that the couple had a mortgage and was behind in the payments, Allen said. Bank of America filed for foreclosure Feb. 16, 2010. The bank voluntarily dropped the case two months later, but never paid the couple for Allen’s fee despite an order by Circuit Judge Cynthia Pivacek.

Attorney Todd Allen said he tried numerous times to contact Stern and the bank, but got no response and eventually had to obtain a writ of enforcement to seize the assets.

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