It sounds like you could actually use a good session with your lender, which is free, to discuss the options you have available to you BEFORE your original mortgage goes into distress. Maybe they can adjust your payments to something you can manage until it sells, maybe they can consolidate. Take the time and make that appointment; it will be better for your credit score in the end.
Beth Stanley, Broker
Eau Claire, WI
By David Cooper http://www.lasvegaswinner.org from Foreclosure Radar
Foreclosure activity slowed in April. Foreclosure filings were down in Arizona, California, Nevada and Washington, with Oregon being the sole exception where filings were up. California filings were down to levels not seen since late 2008, when governmental intervention caused a temporary but massive drop in activity. Foreclosure sales saw similar declines throughout our coverage area, except Washington. Notably, cancellations were up significantly across the board, leaving fewer propeties scheduled for trustee sale.
Foreclosure filings in California fell to lows not seen since the fall of 2008. Notice of Default filings dropped 25.8 percent, and Notice of Trustee Sale filings fell 10.9 percent from March. On a year-over-year basis foreclosure filings were down as well, with Notice of Default filings down 28.0 percent and Notice of Trustee Sale filings falling 31.2 percent from April 2010. Foreclosure sale cancellations rose 27.0 percent from March. Acivity on the courthouse steps slowed from the prior month, with 17.2 percent fewer sales Back to Bank and a 15.8 percent drop in properties purchased by 3rd Parties, typically investors. The average Time to Foreclose continued to climb, increasing 3.3 percent to 312 days.
Notice of Default filings decreased 17.8 in April from the prior month, falling to the lowest point seen since we began tracking Nevada foreclosure filings in August 2009. Notice of Trustee Sale filings fell 23.7 percent month-over-month. Activity on the courthouse steps was mixed, with sales Back to Bank down by 2.7 percent, yet Sales to 3rd Parties, typically investors, were up 6.9 percent from March, and 81.0 percent from April 2010. Cancellations were 14.0 percent higher month-over-month, and 69.5 percent year-over-year.
David Cooper..Las Vegas Foreclosure Investor abd Buyer's Agent for Bank Owned REOs with Huge Cash Flow. For FREE Daily List email: firstname.lastname@example.org or Call +1-7024997037
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Eli Givoni, Director
Short Sale Department, LLC
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