Articles in Home | Finance | Debt Management

  • Prevention of foreclosure and related help  By : nick
    When a person becomes late on their monthly house payment, eventually the lender will begin foreclosure proceedings which in most cases will start with a notice of default or a lis pendens recorded with the county where the property is located.   There are data companies that collect this information, and sell the information on a subscription basis.  That is why, shortly after the notice is recorded, the homeowner is usually deluged with mail, phone calls and people knocking on the door offering various forms of assistance and/or foreclosure prevention.  The Stop Foreclosure page on this site covers bankruptcy and investor offers along with some sources for homeowner assistance.  This page will just cover Foreclosure Bailout Loans and Lease/Buyback Arrangements that require transfer of the property into someone else's name.  Bailout loans are included because there have recently been more and more offerings called a "loan" that in reality is a property transfer.


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