Are you facing foreclosure or are you headed towards foreclosure? If so, then you need to know that there are ways to avoid house foreclosures that are easy enough that anybody can do them. All that is required is that you swallow a bit of pride, become disciplines, set a plan, and stick with it. Here is what to do.

Start by evaluating your budget. If you don’t have a budget, then you need to sit down and put one together. Track all your expenses for a month to get an idea of where your money is going. You will be surprised how much money you literally throw away on crap that you do not need each month. After tracking your expenses sit down and put together a detailed budget that includes everything you will spend money on in a year. This needs to include things like car registration and other once a year expenses.

Next, find out what type of cut backs you can make. You can make cut backs in areas that you are spending way too much money in, like eating out, buying coffee instead of making your own, and other unnecessary expenses. After you have done this you can also check into government programs that can help you with your bills, food, and other expenses so that you can make even more cut backs.

Make sure that you don’t cut back in an unrealistic way. If you are spending $400 a month on entertainment expenses, then you need to cut back, but leave yourself some money each month for entertainment. Also, work in a monthly reward for you and your family when you follow your budget correctly. This could be the one night you take the family out to eat or out to a movie. This needs to be something to look forward to so that you will stick to your budget.

Last, if you are already behind on your mortgage, then it is time to see what your mortgage company can do. Don’t ever just skip a payment. Even if your payment is $800 and you can only afford $600 send it in. A partial payment shows that you are still working on paying your mortgage, where as no payment at all says to the mortgage company that you are a dead beat and are done with paying on it. Call them up and explain your situation. They will find a way to work with you.

Remember, that the mortgage companies already have a bunch of house foreclosures to deal with and the last thing they want is another one. These cost them money and they make more money if you pay your mortgage of, then if they foreclose. You can get them to work with you as long as you are willing to work with them.

By: Benjamin Robert Ehinger

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Stop Foreclosure – Save Your Credit

Not everyone is willing to use a real estate agent, since they do take a commission, usually around 7%. That means, by selling your own home, you’ll end up with upwards of $10,000 that would have gone to an agent. And given today’s slow market there is a very real chance your home will sit unsold for a year or more.

Today, more than ever selling your own house can not only be more profitable, but it is your best chance at getting it sold quickly.

In this article, I am going to show you how to go from “selling your own house” to “I SOLD my own house”.

In a hot market selling may have been as easy as putting a “for sale by owner” sign in front of the house and collecting offers. But let’s face it, times are tough and most houses are sitting unsold for months and years.

It’s a war zone out there. Foreclosures are at an all time high and that creates a lot of houses for sale on the market. In order to survive in a war zone you need special skills and a competitive advantage. With this special training you can get your house SOLD, despite the doom and gloom of the newspaper headlines.

If you’re selling your own house you need a secret weapon. And that weapon is highly specialized marketing!

Here is a killer marketing tip that will give you a competitive advantage over all other sellers on your block.

Don’t list your home in a traditional method. Instead of “starting high” and being talked down do the EXACT OPPOSITE. Start low, get a lot of attention and let the buyers drive the price up. I am talking about a do-it-yourself auction style sale.

What is working best now is what’s called a “round robin auction”. Here is how it works:

First you will advertise that your home is for auction. In these tough times buyers are looking to get a good deal. Auctions are the place to get great deals, and your message will leap out at them.

Next you will hold an open house for two days only, Saturday and Sunday from 12 noon to 5 pm. This will allow you to funnel all the buyers through your doors all at once.

Those that are interested in the property will place their name and phone number along with the price they would like to bid on an “initial bidding sheet”.

On Sunday night you call all those people that put in a bid and conduct the auction. You will simply call down the list tell them the current bid amount and ask them if they would like to raise or pass. You will go around and around making calls until the highest and best offer has presented itself, hence the name “round robin auction”.

Now that you have found your buyer you will meet with them and get the paperwork started.

That’s the unique marketing method that is working now. And if you are planning on selling your own house there is no better method to attract droves of buyers and compel them to make offers on your house.

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