What are the new laws that came out july 1st about foreclosure and realestate?


Question:
our home is going to foreclosure soon we have tried every option and just cannot keep it. A friend of mine said that July 1st of 07 new laws where passed. It has been up for sale since april. we were hoping for a short sale but the NH market is soooo slow

Answer:
If you can hang in there long enough the states are about to decide to reward the irresponsible and remake those loans and bail out the people who bought homes they could not afford, could not afford when the full effect of those loans went into effect etc.
Try these sites
Fixing your debt problems information from the US Government
http://www.ftc.gov/bcp/conline/pubs/cred...
National Home Recovery Program for foreclosures http://www.nhrp.com/
Best of luck to you sorry about your woes
More Related Questions & Answers...
  • I have money to buy short sales foreclosures REO's. Do you have any in Las Vegas?
  • How time-consuming is it to get into the foreclosure business part-time? How much cash do you need to start?
  • Chapter 7/13 bankruptcy and foreclosure?
  • Can attorneys representing the bank in a foreclosure tell a tenant not to pay rent and that they can stay?
  • Help with buying a Pre-foreclosure?
  • Can you buy a foreclosure with an FHA loan?
  • Question about buying foreclosures?
  • What do think the Mortgage Lenders and the Government will do about the rising defaults and foreclosures?
  • Has anyone subscribed to foreclosure.com? If so, please share your experience.?
  • Will there be any sort of obligation left for me after foreclosure?
    • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic