RealtyTrac publishes nearly 1 Million properties from nearly 2,500 counties nationwide, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.
More than 650,000 current foreclosure and pre-foreclosure properties
- Daily e-mail alerts and property updates
- 24/7 Support Center and educational tools
- A wide range of property valuation, transfer and title reports
Easy Financing
Team up with RealtyTrac and expand your affiliate marketing business. RealtyTrac is the #1 source for up-to-date pre-foreclosure, bank foreclosures, for sale by owner (FSBO), foreclosed homes via auction, new homes and MLS property listings.
If you want to be a head of the other investors then RealtyTrac can be a vital tool to get you there. Right now you can sign up for the Sign up for your Free 7-day trial at RealtyTrac.
 at no cost. Just click on the RealtyTrac box and it will guide you on how to signup and effectively use RealtyTrac. As investors we all have to investor money into sources and leads, and this is a great investment.
What you should do if you get behind on your house payments
First and most important the you should do when you get behind on your house payments is call your mortgage company. No matter if your house is in collection or Loss mitigation you need to call your mortgage company and see what workout programs they have to help you save your house from being foreclosed on. I have worked in the mortgage industry for the last 3 years in collections, loss mitigation, and REO department and trust your mortgage company does not want you to lose your house to foreclosure.
If your house is in collections (30 or 60 days delinquent) your mortgage company can set you up on a repayment plan. Repayment plans consist of you pay a payment and ½ for 2 months or a payment and 1/3 for 3 month and so on. If you have a hardship your mortgage company can offer an extension to help bring your house payments current. An extension is when you make 1 payment and they will put your delinquent house payments to the end of the loan. If you get a get a very aggressive rep that is not willing to listen or help you ask for a manager.
If your home is in foreclosure you still can get assistance. The mortgage company can place you on a repayment plan and still do an extension on your loan. Also, depending on your hardship you might need a modification. Your lender can lower you interest rate over the course of 3 to 12 months and extend you delinquent house payments to the end of the loan. This is normally for people with temporary hardships.
If you already have your house on the market and are not able to get an offer high enough to payoff your mortgage they can do a short sale. A short sale is when the mortgage company is willing to take a loss on the property and accept less then full payoff to avoid house being foreclosed on. If they are unable to do a short sale on your property then you can look at doing a deed in lieu.
A deed in lieu is when you surrender the property back to the mortgage company. You will have to move out of your home before they can complete the deed in lieu, but it will avoid you and your home being foreclosed on. Deed in lieu will show on your credit but will not be near as bad as a full blown foreclosure on your credit. These are given when the home owner can no longer afford the property.
Believe it or not your mortgage company does not want to foreclose on your property do to most the time they will take a large loss. Give them a call and save yourself and your home from foreclosure.
Be sure to visite our Real Estate Blog and leave us a comment or question about house flipping, rentals, realtor's, or anything else to do with the real estate business. Also if you have any questions about forclosures or investing in real estate you can contact us by sending us a email at info@houselistedfree.com |
