Mr. Foster holds a B.A. in Political Science, a B.A. in Legal Studies and a J.D. in Law. Mr. Foster is a member of The Florida Bar and practices in the areas of criminal defense with a special emphasis on defending D.U.I.s, Family Law, loan modifications,credit card balance issues, contracts and consumer issues. He is also a Reiki Master.He maintains office space at 818 US HWY 1, Suite 2, North Palm Beach,Fl. Feel free to visit his blog at http://floridaduidefense.blogspot.com and his websites www.duilawyerofpalmbeach.com and www.expungemyfloridaarrest.com.
MSNBC reported on August 4, 2009 that home loan modifications were progressing at a snails pace. And as of July only about 9 percent of eligible borrowers have seen their mortgage payments reduced. Indeed, Bank of America who received far more in taxpayor funded bailout money than other banks is among the slowest to modify a mortgage.
In August 2009 more than 200,000 Americans lost their jobs! What will become of them and the millions more like them? Is it possible for them to lose their homes. We see hints that the economy maybe improving but it doesn't necessary mean that the jobs will come back immediately. In fact I recently saw a headline that said the job market will not improve until 2014. After all if you don't have a job you usually cannot pay the mortgage.
So what should you do if you get behind on your mortgage? First, try not to panic. The lender will probably not start foreclosure proceedings until you are at least 3 months in arrears, sometimes even more. You probably should call the lender and see what can be done. Perhaps your lender has a loan modification program already in place. Yes, it is gathering paperwork. Yes, it is talking to individuals over the telephone. But you can do it! But you say you don't want to. Then I suggest you contact a reputable attorney to help you. Yes, it will probably cost you money. But it may be money well spent. Yes, you will still need to provide paperwork to the attorney who in turn will forward it to the lender. But it will be the attorney and his staff who are dealing with the lender.
Just don't delay too long! Remember, in these tough times food, clothing and shelter come first. Not credit card payments. Those days should be over for you. The balance on your cards can be modified. Go to consumer credit Counseling Service or to a lawyer who can assist you. I would suggest that you stay away from large corporations when it comes to spending money. Shop local. Try the local green market. Try a Thrift Shop for your clothes. Do you have a skill you can barter? Post adds in the local coffeshop, internet cafe, laundry mat etc.
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Mortgage Refinancing and Modification in 2010 using Obamas Stimulus
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New Wells Fargo Mortgage Refinancing Options from Obamas Stimulus
By: MPetrone | 26/12/2009Wells Fargo mortgage refinancing options now exist for many people thanks to President Obamas stimulus plan. Only selected mortgage lenders or banks can offer the Presidents stimulus plan and Wells Fargo is one of them. Here is some advice on refinancing a mortgage with Wells Fargo and Obamas stimulus program.
Mortgage Closing Costs
By: Tom Peters | 26/12/2009There are numerous closing cost fees for your loan application. The lender is required to provide you by federal law a HUD-1 Settlement Statement, that will list out all the fees and associated costs.
The Good and Bad of Adjustable Rate Mortgages
By: Tom Peters | 26/12/2009Adjustable rate mortgages have rates that start usually a little bit lower than the current fixed loan rate. Like all things in life there are positives and negatives that apply to these mortgages.
Fixed Rate Home Mortgages
By: Jason White | 25/12/2009"Fixed rate home mortgages" is a term most people hear quite often in television commercials, newspapers, and on the radio. What does this term actually mean?
Adjustable Rate Mortgage
By: Andri Irawan | 25/12/2009Another common type of home loan is the adjustable rate mortgage or ARM. With this type of loan, the interest rate will fluctuate depending on the 6 different real estate indexes. The interest rate changes so the lender of the loan gets a proper margin. That’s due to the fact that the indexes influence the cost of funding that loan in the first place.
Mortgage Loan Expenses
By: Tom Peters | 25/12/2009Mortgage lenders have a very sophisticated system where you tend to be paying a fee for everything and this can be very depressing. It is important that you get a copy of this form from your lender prior to you agreeing to the loan terms and conditions.
Introduction to a Mortgage
By: Tom Peters | 25/12/2009Most of us who want to buy a home will need to take out a mortgage. A mortgage loan is always made up of 3 basic parts, the size of the loan, the term of the loan and the interest rate you pay on the loan.
We Should Have a Million Man Credit Card Burning
By: Timothy Foster | 08/10/2009 | CreditBurn those credit cards once and for all.
Has the Mortgage Crisis Hit You Yet?
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The Myth of the American Dream
By: Timothy Foster | 31/07/2009 | Causes & OrganizationsMost Americans have been left behind in this capitalistic society! Most americans will never achieve the so-called American dream.
A Viable Third Politcal Party Is Needed
By: Timothy Foster | 19/05/2009 | PoliticsSo we had an election in November, 2008 and elected Barack Obama the first black president in our nation's history. Obama a graduate of Harvard's law school and editor in chief of the law review campaigned as a progressive. But now after being in office he seems real cozy with corporations! There really isn't much difference between the Democrats and the Republicans because both parties are in the pockets of lobbyists, corporations, and the other big money groups!
Just Because You Hire a Lawyer Doesn't Mean You Win
By: Timothy Foster | 22/04/2009 | CriminalA short article on why having a lawyer may not improve your D.U.I. case and why maybe D.U.I. defendants would be better off accepting a plea at arraigment.
The War on Drugs Has Been a Failure
By: Timothy Foster | 28/03/2009 | CriminalThe war on drugs has essentially been a failure. Nixon first declared a war on drugs in 1971 since then the people have been the losers
Health Insurance Should Be A Guaranteed Right!
By: Timothy Foster | 05/03/2009 | PoliticsAll Americans should be guaranteed health insurance!