Buying a Home Foreclosures - FAQs about home improvement

Vallejo Times Herald - Home: "Times-Herald staff report

With the start of the summer season, the home improvement season also typically begins.
The California Contractors State License Board offers the following answers to frequently asked questions about how to hire and manage contractors:
Question: Is it illegal to hire an unlicensed contractor?
Answer: No, just dangerous. Though it is illegal for a unlicensed contractor to take a job worth $500 or more. If the unlicensed contractor or one of his or her workers is injured on your property, you could be held responsible"

Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Buying a Home Foreclosure News: Freddie Mac gives forbearance to returning service personnel - Jun. 13, 2005

Freddie Mac gives forbearance to returning service personnel - Jun. 13, 2005: "NEW YORK (CNN/Money) - Freddie Mac said Monday it is requiring its 2,300 mortgage servicing companies to extend a break to borrowers recently back from active duty with the U.S. armed forces.
The company said the new policy was meant to help returning military personnel who face financial hardship avoid foreclosure.
'We're extending this forbearance to make sure that lenders do not initiate or resume foreclosure for at least 90 days from a borrower's release date,' Ingrid Beckles, Freddie Mac's vice president of default asset management, said in a statement."
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Buying a Home Foreclosures News: South Florida is among 10 hot spots for mortgage fraud: South Florida Sun-Sentinel

South Florida is among 10 hot spots for mortgage fraud: South Florida Sun-Sentinel: "One late afternoon in April, Cheri Capuano was chatting with a neighbor in front of her Coral Springs home when a black Hyundai sedan pulled up. A process server stepped out and handed her two lawsuits requesting foreclosure on two different Miramar houses bought in her name.

Capuano was stunned. She had no idea whose houses they were, who bought them or how her name could be attached to them. As she read the documents, Capuano, 39, couldn't begin to comprehend how complicated her life would become."

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Freddie Mac Mandates 90-Day Forbearance to Help Returning Service Personnel Avoid Foreclosures

Freddie Mac Mandates 90-Day Forbearance to Help Returning Service Personnel Avoid Foreclosures: "MCLEAN, Va., June 13 /PRNewswire/ -- In an effort to help returning service personnel facing financial problems avoid foreclosure Freddie Mac (NYSE: FRE - News) today announced that it is requiring its 2300 mortgage servicers to automatically extend forbearance to borrowers recently released from active duty with the armed forces. This goes above and beyond the requirements of the
Service Members Civil Relief Act (SCRA), which protects servicemen and women from creditors only when they are on active duty. Freddie Mac is one of the nation's largest investors in residential mortgages.
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'We're extending this forbearance to make sure that lenders do not initiate or resume foreclosure for at least 90 days from a borrower's release date,' "

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Stop Foreclosure with Facts and Foreclosure Help Part II : ArriveNet Press Releases : Business

Stop Foreclosure with Facts and Foreclosure Help Part II : ArriveNet Press Releases : Business: "Los Angeles, CA (PRWEB) June 12, 2005 -- In Part I of this article, we covered a few ways to avoid foreclosure and unscrupulous, unethical mortgage lenders that might take advantage of consumers. The first step was not to ignore the notices since that does not stop foreclosure. After contacting the mortgage company to arrange ways to repay the arrearage, attempting to borrow from friends or family, and attempting to work out an ethical and affordable loan from a lender, and not able to do so, there are other foreclosure options to try. With facts to stop foreclosure, an educated decision can be made to keep or sell your home."

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Home foreclosures surge--no housing boom for poor families in the US

Home foreclosures surge--no housing boom for poor families in the US: "Home foreclosures surge�no housing boom for poor families in the US
By Naomi Sheehan Groce
13 June 2005"

A little-reported aspect of the housing boom in the US is the corresponding surge in home foreclosures. Amidst a sharp rise in median housing prices, more and more Americans are finding themselves unable to meet monthly payments and are being forced into foreclosure. For many working class homeowners, the potential for financial catastrophe, including home foreclosure and personal bankruptcy, is one illness or missed paycheck away.

Foreclosure is the circumstance a homeowner falls into after missing mortgage principal or interest payments, losing the title to the home. The holder of the mortgage, most commonly a bank or other financial lending corporation, then seizes and sells the property to satisfy the claims of the mortgage

Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.