September 4, 2010

New Years Resolution and How to Stay on Track

By Marjie Gilliam, Contributing Writer
10:10 AM Tuesday, December 29, 2009
According to estimates, 45 percent of Americans will make fitness and weight-loss resolutions in the new year. Unfortunately, statistics show that within a few weeks many of these goals begin to fade, and after a few months, most are replaced by a return to old habits.

Some tips to help keep you on track:

Have a support system. The more people you have rooting for you, the better. Having a workout partner with goals and objectives similar to yours is a great way to stay motivated and achieve success with fitness goals. Training with the right person leaves less opportunity for boredom, creates an environment of friendly competition and provides accountability to keep you both in check. Training partners serve as spotters for one another during weight lifting sessions, give each other a needed push to work harder and help each other meet challenges they may not have otherwise pursued.

Leave options open. To avoid getting burned out, don’t box yourself into doing the same workout over and over again. A good fitness plan includes a variety and exercises that can be performed whether at home, in the gym or when traveling. You don’t have to spend a lot to get a lot when it comes to products designed to help you get into shape either. Some inexpensive, portable and versatile strengthening options include resistance bands, dumbbells, stability devices, wrist or ankle weights and jump rope.

Hold yourself accountable. One good way to do this is to keep a journal so that you can take an honest look at your choices. For example, what excuses do you typically give yourself when you don’t feel like working out or counting calories? Whatever your excuses are, write them down. Coming to terms with what may have stopped you from reaching your goals in the past is key, so that you don’t slip back into self-defeating behavior.

Another way to help ensure weight loss success is to write down what you are eating. In a study of more than 1,500 people conducted by the Kaiser Permanente Center for Health Research, it was revealed that participants keeping a food diary more than five days of the week lost almost twice as much weight as those who didn’t, and were able to keep the weight off.

Be positive. Successful people are driven by two things; an unwavering belief in themselves and an excitement about the future. The way you talk to yourself can be empowering, energizing, keep you focused and motivated or it can create stress and zap your energy. To move forward with confidence, keep your eyes on what you want and understand the power you have to make a positive difference in your own life. Setting small and realistic goals is also important, as is celebrating each achievement and patting yourself on the back for a job well done.

Use exercise as your stress buster. Stress is a major trigger for overeating, fatigue and subsequent avoidance of exercise. Study after study demonstrates that being active keeps stress at bay because it changes body chemistry for the better, relieving depression and anxiety, and reducing feelings of anger, sadness and irritability. As little as 20 to 30 minutes a day is enough to begin improving mood, health and level of fitness. Each exercise session builds on the next, and so as you give yourself regular doses, you will begin to notice improved strength, stamina, endurance and sense of well-being. For those who hate formal exercise, “activity” does not mean that you have to go to the gym or jog for miles in order to get into great shape. Any movement matters as it all burns calories, so simply start doing more at each opportunity.

Be patient. Generally speaking, allow yourself about three weeks for exercise to become a habit. And if you are overweight or out of shape, acknowledge that it took time to get that way, and it will take time for pounds and inches to be lost. The length of time it takes to reach goals varies tremendously from person to person. On average, it takes about 12 weeks of diligence to diet and exercise to see significant changes, such as having to buy smaller clothes.

Cardiovascular (aerobic) exercise is typically the activity of choice for those looking to shed pounds. While it can help you to lose weight, without regular resistance training, some of the weight you lose will be muscle. To help ensure body fat reduction instead of focusing only on scale weight, engage in strength training workouts two to three times weekly.

Marjie Gilliam is an International Sports Sciences Master certified personal trainer and fitness consultant. She owns Custom Fitness Personal Training Services. Write to her in care of the Dayton Daily News, call her at (937) 878-9018 or send e-mail to marjie@ohtrainer.com. Her Web site is at www.ohtrainer.com.

University of Dayton buys former NCR headquarters buildingUniversity of Dayton buys former NCR headquarters building

Source: Dayton Daily News

The University of Dayton is purchasing the former NCR Corp. headquarters for $18 million.

School officials announced the deal Monday, which calls for the University of Dayton Research Institute to move into the Duluth, Ga.-based manufacturer’s 1.3 million-square-foot former headquarters. About 260 institute employees will move to the site from the university’s campus with another 160 employees remaining at Wright-Patterson Air Force Base.

After the land changes hands, NCR will lease the site through part of 2010.

The university recently confirmed it was negotiating to buy the property, which NCR listed for sale after choosing to move its headquarters to Georgia earlier this year, taking along with it nearly 1,300 Dayton-area jobs.

Real estate industry insiders estimate the headquarters building and surrounding acreage at between $23 million and $25 million.

In 2005, the university acquired 49 acres of property from NCR including two buildings, two parking lots and two practice soccer fields for $25 million. The move extended the school’s core campus. The university since then has bought an additional 5 acres from the company.

Since 2005, the University of Dayton has attracted more than $10 million from the Clean Ohio Revitalization Fund and the U.S. Army Corps of Engineers for environmental cleanup and infrastructure improvements on the original parcel, much of which was considered a brownfield.

University officials said the campus redevelopment effort is expected to provide a needed economic boost to Dayton, hit hard by the flight of manufacturing jobs and growing poverty. Part of the remediated land is expected to be used for a new landmark gateway to campus. The rest will be home to new academic buildings envisioned in the campus master plan, including a proposed University Center for the Arts.

Beavercreek district buys land for 2 new schools

Dayton Daily News
by Staff Reporter
The Beavercreek City Schools Board of Education has purchased the 50-acre parcel of land on which it hopes to construct a new middle school and a new elementary school.

The school board said in a news release Monday, Dec. 28, that representatives of the school district and landowner Robert W. Nutter signed the purchase agreement late last week.

The property is at the corner of Dayton-Xenia and Ankeney roads on the east side of Beavercreek Twp.

The school board said the parcel was purchased at $25,500 per acre, meaning the total cost is more than $1.2 million. Funds for the purchase were allocated in the $84 million bond issue passed by voters in November 2008.

Florida’s Foreclosure rate 2nd highest in Nation

Florida’s foreclosure rate in November was the second highest in the nation as one out of every 165 homes was in some stage of foreclosure proceedings, according to a national report released by RealtyTrac.

Florida edged out California for the second place spot, lagging behind only Nevada in the percentage of home mortgages in default. Florida’s November figure was 7.6 percent higher than November 2008 and 2.0 percent higher than October 2009.

Nationally, 306,627 homes, one out of every 447 homes, were in foreclosure, up 18.4 percent from November 2008. But the national rate represented the fourth straight month of national declines. James Saccacio, RealtyTrac chief executive, credited the drop to loan modification efforts and an extension of the federal first-time homebuyer program.

But long-term stability may be more elusive as the industry recovers from its worst slump in decades.

“A full recovery will only come when unemployment recedes to normal, healthy levels and when availability of credit reaches a more rational balance between the extremes of the past few years,” Saccacio said in a statement.

With 52,935 Florida properties receiving foreclosure statements, reversing a two-month trend of fewer defaults than the previous month.

Two Florida cities were among the top 10 metro areas in the nation. Cape Coral/Fort Myers held the 4th spot with one out of every 96 homes in foreclosures while Orlando/Kissimmee ranked 8th with one in every 120 homes in default.

California, Florida, Illinois and Michigan – accounted for more than half of all foreclosures – about 52 percent – in November.

In terms of foreclosure rates, Nevada and Florida were followed by California, Arizona and Idaho, which all posted larger year-to-year increases in foreclosures when compared to Florida.

Supports Not giving up on Tecumseh YMCA Foreclosure

“BETHEL TWP. — Robin Morris said she was practically raised on activities at the Tecumseh YMCA.
“I grew up in this Y,” she said. “I’ve seen it grow over many, many years.”
Now a mother of three, Morris, along with others in the community, fear that future generations won’t get the chance to enjoy those same activities.
The Tecumseh YMCA is under threat of foreclosure in the face of a $175,000 debt that has to be paid by Dec. 23.
“I’m trying not to think about that yet,” said Morris. “I’m trying to stay positive.”
A fundraiser to save the Tecumseh YMCA was held on the site Sunday, Dec. 13, in what supporters hope will be another step toward saving their community center.
Organizers held classes in kickboxing and Zumba, as well as tournaments in basketball and swimming.
Robin Peck, organizer of a swim-a-thon, said the community has much to lose if the YMCA shuts down.
“People come for the social aspect of it, and it keeps them fit at the same time,” she said.
Eleven-year-old Owen Measel worries where he and his other swim team members will go if the Tecumseh YMCA closes.
“I already know people here and maybe people at another place wouldn’t treat me as good,” he said.
Morris said she dreads having to face a day in which the YMCA closes.
“I pray every day that someone will step up and help us,” she said.” Valerie Lough

Bank of America getting better on Short Sales

“Have you dealt with Bank of America or Countrywide during this golden age of real estate? If you have, I am sure you received nothing but stellar service from them right? If you have received great service from them you better start blogging about it and praising who you dealt with at Bank of America and Countrywide, because all I hear from people around the country is that they are the worst in the business to deal with on short sales, let alone everything else.

Files go missing, are ignored, are misdirected and may even be burned. Some may even be on a bus in Istanbul, for crying out loud! On top of everything else, if you want to just talk to someone about your file, you’ll face super long hold times. It is my opinion that it has been nothing but a nightmare to deal with this institution as an broker, agent, investor, customer or human being.

I recently got word that Bank of America is switching the processing of it’s short sales to a company called Equator Financial Solutions; they were formally called Reo Trans (REOTrans.com). I assume that B of A/Countrywide liked the system that Equator had in place and decided to make the switch.

Will Equator Financial Solutions streamline the short sale process for Bank of America / Countrywide?
This is yet to be determined, but moving the processing of these files to anyone other than themselves, is a welcome sigh of relief for the the industry, for sure.

If you currently have a short sale file that been assigned a negotiator, your file will continue to be processed through the old system. If your file has not been assigned a negotiator then it will most likely be converted over to the new system at Equator.

One Very Important thing to know is that Bank of America is changing their legacy (banks that were acquired by or merged with B of A) loan numbers to a new 9 digit number. Without this new number you cannot initiate the short sale process in the new system. Customers should have or will be receiving this number shortly; contact customer service for the new account number if you have not yet received it.” Winston Westbrook

Banks are Starting to Warm up to Short Sales to Reduce Foreclosures

“NEW YORK — Drew Schlosser tried for two years to sell his three-bedroom waterfront condominium in Punta Gorda, Fla., for less than he owed on its two mortgages. The deal went through last month when Wells Fargo & Co. agreed to take a $165,000 loss on the loans.

Even after he had an offer of $155,000 for the property, it took five months for the lender to approve the purchase, a so-called short sale, in which the bank accepts less than the balance owed on a property. Schlosser said earlier offers had fallen through as bidders lost faith the bank would take less than the $320,000 in two mortgages.

“It was just kind of a mess,” said Schlosser, 31, a market research company director. “You really have to get buyers who are patient.”

Three years into a U.S. housing slump that pushed the economy into a recession and cut resale values by 30 percent from their peak in 2006, banks are beginning to go along with short sales in increasing numbers.

Short sales tripled to 40,000 in the first six months of this year compared with the first half of 2008. Yet for each short sale, there were 25 foreclosures started or completed in the first half of this year, according to data from the Office of Thrift Supervision and the Office of the Comptroller of the Currency.

“It’s really finally dawning on banks that they’re better off with a short sale,” said Richard Green, director of the Lusk Center for Real Estate at the University of Southern California. “I think banks were in denial.”

Wells Fargo, Bank of America Corp. and JPMorgan Chase & Co. this year have hired and trained more staff, developed software systems for expediting short sales, and increased marketing of short sales to delinquent borrowers.

Banks are increasing such sales under pressure from the Obama administration and lawmakers who criticized them for favoring foreclosures and delaying short sales, Green said. Lenders and loan servicers also stand to receive up to $2,000 in incentives to close short sales under a Treasury Department plan unveiled Nov. 30.

The increase in banks agreeing to take losses on mortgages is helping some homebuyers and real estate brokers.

Lenders have been reluctant to do such sales because they didn’t have procedures for employees to approve a financial loss for the company, said Alan White, assistant professor at Valparaiso University School of Law.

“A short sale requires somebody to stick their neck out and make a decision,” said White. “There are not good structures in place to incentivize losses.”

Bankers also have been slow to sign off on short sales because homeowner associations, mortgage insurers and second-lien holders might not agree to the deal, said Michael Frantantoni, vice president of single-family research at the Mortgage Bankers Association.

Delinquency pressures

The first choice for lenders has been to try to keep borrowers in their homes, offering loan modifications as an alternative to foreclosure, Frantantoni said. More than half of the homeowners who were granted modifications of delinquent mortgages defaulted again within a year, according to a Sept. 30 report by the Office of the Comptroller of the Currency.

“The single biggest problem was the lack of a vehicle or mechanism at most banks to handle short sales,” said Walter Molony, a National Association of Realtors spokesman. “You could say they were shortsighted in dealing with the problem.”

Pressure is building to approve short sales as the number of delinquent mortgages has grown to 3.2 million and an estimated 7 million foreclosures loom in the next two to three years, according to RealtyTrac Inc.

New Treasury Department guidelines for foreclosure alternatives scheduled to take effect in April will require lenders to consider borrowers for a short sale on their primary residence 30 days after missing two consecutive payments on a modified loan or after the borrower requests a short sale.

The Treasury Department would pay up to $1,500 for a homeowner to relocate, $1,000 to loan servicing companies that accept a sale and a maximum of $1,000 to help settle a second mortgage or subordinate lien. A lender must agree to release the borrower from all liability for repayment for the mortgage under the plan.

Outreach, not handouts

In July, Wells Fargo began mailing notices to delinquent borrowers advising them that short sales might be an option to avoid foreclosure.

“When we determine that a loan is not affordable for the customer — either because a modification was denied or failed — we obtain the value of the property, run it through our loan decision tool and then send a letter to the customer advising them of our short sale program, including the short sale price we are willing to take on the property,” Debora Blume, a spokeswoman for Wells Fargo Home Mortgage, said in an e-mail.

JPMorgan doubled the number of staff members trained to handle short sales after adding 5,000 people since Jan. 1 to deal with distressed mortgages, said Thomas Kelly, a spokesman for the bank’s home lending division.

“We’re reaching out to people who are struggling with the Obama loan modifications (program) or our own,” Kelly said. “Approaching customers is a very recent phenomenon.”

For sellers like Drew Schlosser, who bought 10 properties in Florida as investments during the housing bubble, getting a short sale was a relief even if the process was difficult.

Schlosser said he had to send Wells Fargo a hardship letter, demonstrating that his financial situation merited a short sale. He also had to provide pay stubs, bank account information and past tax returns. To avoid fraud, the bank also required evidence that the transaction was an arms-length sale and not to one of his relatives, he said. ”

“They don’t agree to do it because you’re upside down,” Schlosser said. “If they think you can pay for it, they’re not going to let you out of it.”
By John Gittelsohn and Margaret Collins

Tecumseh YMCA Faces Foreclosure

Community Seeks Donations for Save the Tecumseh YMCA Fund

NEW CARLISLE, OHIO, November 18, 2009 . . . After 30 years of delivering family-friendly health and fitness programs to residents in western Clark County and the surrounding area, the Tecumseh YMCA will close on December 23, 2009, if it does not raise $175,000 to pay off its mortgage and become debt free.
“We’re committed to doing everything we can to stay open, so we established the Save the Tecumseh YMCA Fund, with the hope that the local community and beyond will open up their hearts and wallets during this time of need,” said Kelli Whitt, Transitional Operations Manager.

Impact on Community
The impact of closing the Y would be far-reaching, affecting people of all ages. The Tecumseh YMCA is one of only two providers of preschool and kindergarten enrichment in New Carlisle. Its aquatic center is the training site for the Greenon, Tecumseh, and Northwestern high school swim teams; it is also the home base for the Y’s own 50-member Tidal Waves swim team. The YMCA has an extensive gymnastics facility used exclusively by its 14-member team, many of whom have qualified for Nationals five of the last seven years. The YMCA offers essential health and wellness programs, including youth and adult sports and fitness classes, plus arthritis and rehabilitation in Clark County’s only warm-water therapy pool. And the Tecumseh YMCA serves as a social center for people of all ages, including an extensive senior population.

Understanding the gravity of the situation, YMCA members are rallying behind the Y. Within the past week alone:

Twelve new members joined and 25 families renewed their memberships. “Due to the uncertainty of our future, we are not allowing anyone to pay in full, yet they continue to join,” said Whitt. Further, enrollment in the childcare program continues to rise.

When informed about the Y’s financial difficulties, some members increased their monthly bank drafts, directing that the additional monies go toward the Y’s debt. Other supporters gave cash donations; still others wrote checks.

Although fitness classes were temporarily suspended as a cost-saving measure, many instructors taught on a voluntary basis.

“We have a dedicated staff, faithful members, and a strong desire to succeed,” said Whitt. “What we don’t have are deep pockets.” The Tecumseh YMCA is located on the outskirts of New Carlisle, a rural community with a median household income of approximately $39,000. Unemployment in the area is more than 11 percent.

Financial History
The YMCA’s financial difficulties started in 2004 when the facility built a $1.2 million aquatic center. Over the next three years, memberships went up substantially, from 774 to 3,700. By the end of 2006, it was evident that while revenues were up, they were still insufficient to cover the initial debt, as well as the added overhead costs associated with the expansion.

The YMCA sought assistance from the Turner Foundation, a charitable organization that helps improve the quality of life in the greater Springfield/Clark County area by investing in non-profit groups. The Turner Foundation committed to making payments on the principle, while the Tecumseh YMCA retained responsibility for the annual $100,000 interest payment.

In 2007 an anonymous patron offered to match donations made to the YMCA through the end of the year. Members and local community groups rallied and raised $75,000, for a year-end grand total of $150,000. This fund-raising initiative helped the YMCA meet its financial obligations in 2007 and 2008.

By the end of 2008, a decrease in memberships resulted in declining revenues. As a result, the YMCA, in partnership with the Turner Foundation, began negotiations with National City (now PNC) to refinance the mortgage. Thanks to the generosity of the Turner Foundation and the willingness of PNC to refinance the loan, the YMCA’s portion of the debt now stands at $175,000.

During the last six months, the Y’s Board of Trustees has made a number of internal changes to improve business operations. They cut staff, including the CEO’s position, in order to hire a finance director to oversee spending and revenues; to develop and implement efficient accounting procedures; and to create a sound financial plan to help the Tecumseh YMCA achieve another 30 years of success. At the board’s request, the YMCA reduced hours of operation and temporarily suspended classes to save on overhead. Further, all expenditures were evaluated to reduce or eliminate unnecessary costs.

The Tecumseh YMCA has received a financial gift to cover existing operational expenses through the end of 2009. If the YMCA can raise the $175,000 needed to retire its mortgage debt, it will once again be a financially sound non-profit organization.

“So many essential programs and services will be lost if the Tecumseh YMCA were to close,” said Whitt. “We’re not a financially wealthy community, but we do have a wealth of faith. We believe that when others fully understand the situation, they will give what they can to help us survive. And we, in turn, will be able to continue to give back to others by delivering our mission-driven programs and services.”
To make a pledge to the Save the Tecumseh YMCA Fund, please visit www.tecumsehymca.org; or to request a pledge card or make a pledge by phone, call 937-845-3513. The Tecumseh YMCA is a 501(c)(3) Non-profit Organization.

About the Tecumseh YMCA
The Tecumseh YMCA’s mission is to put Christian principles into practice through programs that build healthy spirit, mind, and body for all. The Tecumseh YMCA offers more than 80 programs and services to nearly 2,500 members and serves a geographic area that includes New Carlisle, Park Layne, Crystal Lake, Medway, Donnelsville, North Hampton, and Enon. Located within the New Carlisle city limits on State Route 235, the YMCA facility features an indoor Olympic-size swimming pool, Clark County’s only warm-water therapy pool, handicap-accessible family locker rooms, state-of-the-art Nautilus and cardio equipment, free weight room, indoor walking track, indoor and outdoor basketball courts, children’s learning center and playground area, gymnastic facility, and outdoor walking trail.

Huge Myth about a Bankruptcies impact to a Foreclosure

Huge myth about a Bankruptcies impact to a Foreclosure

This is the #1 myth that people think when they call our office at HomeBackers.
Typically when a person goes into foreclosure they will turn to people that they trust and love for help and advice. We see that the most people get misled by attorneys and other professionals trying to get them to just file bankruptcy and they think that will make their foreclosure just go away. That is false false false.
At HomeBackers we can’t tell you to file bankruptcy or not file because we are not practicing attorneys, however I can tell you what happens to your foreclosure if a attorney does advise you to do so.
Here’s the thing:
When a house is in foreclosure and the homeowner also files a BK there is a “STAY” granted. This means that creditors cannot go after the homeowner, bug them, call them or pursue the payment of the money. This “STAY” is granted because the BK system is working its way through and while the BK trustee is trying to figure out if there’s any money to pay the creditors they don’t want the creditors hounding the homeowner. So a “STAY” is granted. BUT when the property comes out of BK, either through the BK being dismissed, discharged or the “relief from stay” is granted then the banks can pick up the foreclosure process where they left off and foreclose on the homeowner damaging their credit even more.
You have to understand that even though people that have a professional in their name or even the word attorney in their name that they are a business too. They still need to make money just like everyone else does to survive and might mislead you in some ways so they can pad their wallet a little bit more. So here’s what you do, if you are in a foreclosure situation and thinking about filing a bankruptcy ask your attorney these two questions.
What will happen to this foreclosure if I file Bankruptcy? Does it go away or will the lender still go through with the foreclosure after my bankruptcy gets discharged?
Hopefully you will get a straight up answer like I mentioned above or if you notice that they dodge that question a little bit; you might want to go to someone else to get some advice. I am not saying anything bad about attorneys, at HomeBackers we actually love working with knowledgeable attorneys in our line of work I just want you not to be misled in any way and understand that they are a business too and you do have options when in Foreclosure. Call HomeBackers for all of your options 937-754-1111 or visit http://www.HomeBackers.com.com.

Stop Foreclosure Options

Stop Foreclosure Options
There are many options today for homeowners who are facing foreclosure to stop foreclosure proceedings against their home. The most important thing is to start seeking help early on before you get too far behind on your mortgage payments. Talk to your lender and explain your financial hardship. Lenders want to help their customers keep their homes. It may also be a good idea to consult with a real estate foreclosure defense attorney, a short sale company or a certified HUD home counselor to find out what options are best for your financial situation. HomeBackers are expert short sale negotiators that can assist you with your options and negotiate a resolution with your lender. Their telephone number is 937-754-1111, and their website address is http://www.ImBehindOnMyHousePayment.com

The following is an overview of stop foreclosure options that are available to distressed homeowners:

Mortgage Modification
A mortgage modification is a modification of your existing mortgage. The purpose is to lower your payment by reducing your interest rate and adding the arrearages to the back end of your loan. Sometimes the lender will also reduce the principal balance. Mortgage modifications take at least a few months to get approved so be patient. You must show you have sufficient income to make the new mortgage payment. So if you are unemployed, a mortgage modification may not be the best option for you.

Refinancing
For those homeowners who have some equity in their home, refinancing is a good option if you currently have a variable interest rate loan. By reducing your current interest rate at least 2%, you will substantially lower your monthly mortgage payment. There are fees associated with refinancing so check around before you choose a loan product. Under the Home Affordable Refinance Program, you may qualify to refinance. Highlights of the Program are referenced below:

The Home Affordable Refinance Program

• Homeowners with debt that exceeds their home value by 5% are eligible for refinancing.
• No prepayment penalties either.
• Loans must be backed by Fannie Mae or Freddie Mac.
Homeowners Who are Not Eligible
• Homeowners whose home values declined severely under 5%.
Homeowners with Jumbo mortgages, which exceed $417,000 are not eligible.

Deed in Lieu of Foreclosure
A deed in lieu of foreclosure is when you simply sign over the deed to the lender, walk away not owing any money and hand the keys over.

Short Sale
In a short sale, you must obtain your lender’s approval prior to selling your home. The lender writes off the remaining loan balance. Be sure to negotiate that the lender cannot go after you for a deficiency judgment. Some states allow the lender to sue the borrower for a deficiency judgment after the sale closes. A deficiency judgment is the difference between what you owe your lender on your mortgage and the sale proceeds. Short sales take about 60-90 days or longer to get approval. It is a great way to get your home sold to avoid a foreclosure on your credit if you have no equity in your home and can’t afford your house payment.

Sell Your Home
Selling your home is an option if you have equity.

Reinstatement
The lender reinstates your loan when you pay all amounts that are in arrears including any fees and costs.

Bankruptcy
Bankruptcy has serious consequences and should be used as a last option to save your home from foreclosure. It is recommended that you consult with a bankruptcy attorney. You may be able to file either a Chapter 13 or Chapter 7. The court automatically issues an order for relief staying or stopping your creditors from any collection activities. This includes postponing any foreclosure sale during the bankruptcy proceedings.

It is important to under the different bankruptcy laws. Chapter 7 wipes out all your debts. In a Chapter 13, you can keep your home, and you agree to pay your creditors via a payment plan.

Don’t despair if you are facing foreclosure, you do have options to save your home. Time is of the essence so act early on before matters get worse. HomeBackers is a Real Estate Solutions Company and are available to assist you. Their telephone number is 937-754-1111, and their website address is http://www.ImBehindOnMyHousePayment.com.