Excerpt From A Lawyer's Article.....

In New Jersey, an owner of property being foreclosed is allowed two automatic postponements of a Sheriff's Sale.

Another Person Raises Enough Money To Save Their Home From Foreclosure!

Here is another inspiring story about a woman who was able to save her home from foreclosure. How did she do it? She sold baked goods!

While seeking help at an agency that helps people try to avoid foreclosure an idea came up as to how she could earn more money to help pay her mortgage.

It seems the woman loved to bake and so that is what she decided to do! She sold enough baked goods to be able to pay her mortgage payments and avoid foreclosure! What makes this story even more inspiring is the fact that a company decided to mass produce her baked goods and now she is selling hundreds of her own baked goods!

I think that this is just another great example of someone who did not want to lose their home and they decided to DO something about it! She took something that she loved to do and turned it into an income-producing thing producing enough income to help save her home from foreclosure!

Home Saved From Foreclosure!

Another Person FIGHTS For Their Home!

Unfortunately these current economic times are weighing people down! However there have been glimmers of hope from stories about people who are fighting to keep their homes!

I found another online article about just such a person!

He has an older home and has found that the cost of maintaining it has gone up! What's more (and unfortunately) the value of his house has gone to and it seems now that his home only worth half of what he paid for it! In addition one of his children has also become ill and that means that medical bills will further deplete any income that he is making. He said he is trying to find a second job but so far he can't find anyone who is hiring.

Determined to keep his home he has decided to go online with his own website and raise money to be able to help pay the mortgage on his home and keep his home out of foreclosure. According to the article he has so far raised $1000!

He is trying to remain positive and upbeat. He is also trying to keep his sense of humor. He is also determined to keep his home!



You can read more about him and his current situation by clicking here!

Mayor Of Portland Oregon Facing Foreclosure!

Mayor Faces Foreclosure!

Openly gay and homosexual, Steve Adams, mayor of Portland, Oregon is currently 5 months behind on his mortgage payments. Because of this a default notice appears on his state's foreclosure website.

At a price of $130,000 for the property, the mortgage payments were reported to be around $959 a month. (The mayor's annual salary is estimated to be $118,000.)

Plagued by different scandals, including a teen sex scandal and an incident involving the mayor's GMC pickup, the mayor has had to pay various and high legal and attorney fees.

Only time will tell whether or not the mayor may lose his home because this is just but the first step in the foreclosure process!

It goes without saying that a lot of the mayor's constituents are quite angry with him!

I Hope You Find This Article Helpful

For those of you that have an ARM (adjustable rate mortgage) and your mortgage payments are getting higher and higher - to the point that you may not be able to pay - I hope that you find the article link below helpful!

It seems that even if one has a bad or low credit score that there still may be help available for you if you need to refinance your mortgage.

Adjustable Rate Mortgage Help

Here Is Another Link To An Article That I Hope You Find Helpful.

Here is a link to another article that I hope that you will find useful.

It seems that there are so many more foreclosure sales being reported all around the United States that any information that one can find to help them avoid foreclosure would be helpful.

It May Be A Good Time For Buying Real Estate But........

I was just watching a news segment about how people were able to buy property at well below the market value of the property. For instance one family bought a home for around $175k but the house was appraised at $250k!

In the interview one of the family members said how they knew that the home was a foreclosure and that while they felt sorry for the people that lost their home, they felt that "their loss was their gain".

I really don't agree with this though because there are just too many people losing their homes to foreclosure! And while this particular news story talked about who was able to buy the home, they didn't mention anything about who it was that lost the home in the first place!

On a more positive note I saw on one of the public access channels that there is a grassroots organization in Philadelphia that is helping people who are being faced with foreclosure. They are staging some kind of anti-eviction campaign where they will try to help the homeowners stay in their homes. (Hopefully if I find out more about this organization, I will post more about them here.)

Will The New Stimulus Bill Help?

I just got finished listening to news reports explaining what this new stimulus package is supposed to do to help homeowners. It looks to me that this new bill is going to help the banks more than it is going to help the people - especially the people who are now losing their homes to foreclosure.

I just can't understand why the President of the United States just can't put a moratorium on home foreclosures for say at least 5 years! Hilary Clinton, when she was a Senator, was able to do this so why can't Barack Obama be able to do the same thing on a larger scale? How much more relaxed and stress-free would it make people feel if the constant worry of losing their home was abated for a few years? Surely this could do nothing but help!

Clearly the banks are getting a lot of money and so is the auto industry!

I also took a look at the income tax booklet for this year and it just seems more complicated than ever!