{"id":31787,"date":"2010-03-04T07:06:12","date_gmt":"2010-03-04T07:06:12","guid":{"rendered":"http:\/\/forestridgevoice.com\/2010\/03\/04\/stop-foreclosure\/"},"modified":"2015-04-07T19:20:27","modified_gmt":"2015-04-07T19:20:27","slug":"stop-foreclosure","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/stop-foreclosure\/","title":{"rendered":"Stop Foreclosure"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-medium wp-image-503\" src=\"http:\/\/forestridgevoice.com\/files\/2010\/03\/Angry-STOP-Sign-284x300.jpg\" alt=\"Stop Foreclosure\" width=\"284\" height=\"300\" \/>A recent study by Amherst Securities <a href=\"http:\/\/www.housingwire.com\/2009\/09\/24\/amherst-sees-7m-foreclosures-poised-to-distress-house-prices\/\">stated <\/a>that homes where the homeowner is\u00a0at least 90 days in arrears on his mortgage payment has less than a 1% chance of catching up.\u00a0 99% of these homes end up in foreclosure or a short sale.\u00a0 <a href=\"http:\/\/kcmblog.com\/wp-content\/uploads\/2010\/02\/State-Delinquency-Rates-1024x749.jpg\">The state of Florida ranks #1 in the\u00a0 country in foreclosures and delinquency according to the Mortgage Bankers Association 2009 4th Quarter report<\/a>.\u00a0<\/p>\n<p>The Obama Administration is urging participating servicers to follow through on short sales as an alternative to foreclosure for those homeowners that don&#8217;t qualify for a reworked mortgage under the the Home Affordable Modification Program (<a href=\"http:\/\/makinghomeaffordable.gov\/mha_video_home_YOURPATH.png\">HAMP<\/a>).\u00a0 Banks are now reaching out to their customers to help them save their home from foreclosure.\u00a0<\/p>\n<p>\u00a0Steve Harney, one of the foremost experts in real estate in our country, gave\u00a0 his <a href=\"http:\/\/www.facebook.com\/l.php?u=http%253A%252F%252Fmystateline.com%252Fmedia_player.php%253Fmedia_id%253D426042&amp;h=d9429869ba5054433b2d8a6393fe3697&amp;ref=mf\">advice<\/a> during a recent interview stating that banks have taken a softer approach in allowing homeowners to short sell their home with dignity, rather than walk away with a foreclosure on their recordthrough \u00a0The Home Affordable Foreclosure Alternatives Program (<a href=\"https:\/\/www.hmpadmin.com\/portal\/docs\/hamp_servicer\/sd0909.pdf\">HAFA<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent study by Amherst Securities stated that homes where the homeowner is\u00a0at least 90 days in arrears on his mortgage payment has less than a 1% chance of catching up.\u00a0 99% of these homes end up in foreclosure or a short sale.\u00a0 The state of Florida ranks #1 in the\u00a0 country in foreclosures and<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/stop-foreclosure\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5759,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[12161],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - 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