HAVE YOU RECEIVED A NOTICE OF DEFAULT ??

From Chris at.... http://www.mclaughlinchris.com

A Notice of Default is the notice sent out in non-judicial foreclosure states that alerts the borrower that the official foreclosure process has begun. It is also filed with the county recorders office and allows the notice of foreclosure sale to be published. What's so important is that this is the process in California, Nevada and Arizona (AZ is both judicial and non-judicial), which have three of the top four foreclosure rates. Last week an article from American Banker titled, 'New Point of Foreclosure Contention: Default Notice' circulated widely among the folks who follow the mortgage mess. It talked about how several lawsuits are now being filed contending that the Notice of Default process was flawed and the foreclosure therefore invalid.

As this article was circulating, a source pointed me to the fact that Notices of Default had dropped off dramatically since October, especially in California. In fact, Foreclosure Radar shows it quite clearly. Foreclosure Radar's Sean O'Toole wasn't ready to say the banks had cut off Notices of Defaults but did say, 'given the issues raised, we certainly wouldn't be surprised to see a slow down of foreclosure activity in non-judicial states.'

SAVE YOUR HOME !!!!!

Stan Shaw, an expert at handling Foreclosures for homeowners says:

Keep your clients in their home with our Trustee Verified Sale Postponement with out filing BanKruptcy and no payment due till until the sale has been postponed !

"I also have a great "Trustee Sale Verification Program" that stops sales dead in their tracks in all 50 states with as little as 24 hours notice and with out filing a BK. Plus the client pays after the sale is stopped, also making it SB94 and MARS compliant!"

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From Larry, Blog Author

YOUR FORECLOSURE "RIGHTS"

Knowing Your Foreclosure Rights
Posted Tuesday, March 30, 2010 by admin Filed under: Foreclosures
Understanding what your foreclosure rights are and are not is an important part of being able to stop the foreclosure process. But where can you go to understand what your foreclosure rights are? What determines what those rights are?
There are a couple of different places that you can go to start to understand what your rights are in foreclosure. A good place to start is in your loan documentation. That describes, at least in part, what happens when you default on your loan with the mortgage company. While it does not describe in detail what happens in foreclosure, it at least gives you a starting place.
Another good place to go is your local or state resources. Every state has different foreclosure laws. Those laws greatly affect the timeline of your foreclosure and what your foreclosure rights are. In some states, these laws lean heavily towards the mortgage company and in others they are more in favor of you. Find out what those laws are so that you can do your best to protect your rights. Call your city, county or state to find out where you can go to know what the foreclosure laws are for your area.
Your rights are determined by a combination of what your loan documentation says and what the foreclosure laws are in your state. Look at your loan documentation closely and do the best you can to figure out what it means. If you cannot figure out what it means, find someone who can help you.
Once you understand that and the foreclosure laws in your state, you will have a much better idea of what your foreclosure rights are, how quickly your foreclosure process will move, and what you can do at each step of the process to try and stop it. Find out more at http://www.stopping-home-foreclosure.com/ForeclosureRights.html

Great info to help Slow down or STOP the Bank.

From Larry, Blog Founder