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 FORECLOSURE DEFENSE NEWS AND INFORMATION - Arkansas

 

Foreclosure defense forms must be drafted to comply with the laws of your State. Standardized forms for all States are generally not acceptable. We provide attorneys and you with the state-specific forms that are correct and valid. Free Previews available. All forms are available in Word format.





AS ARKANSAS FORECLOSURES RISE SHARPLY, MORE HOMEOWNERS REQUEST LOAN MODIFICATIONS AND SHORT SALES TO STOP FORECLOSURE

2009-04-16






AS ARKANSAS FORECLOSURES RISE SHARPLY, MORE HOMEOWNERS REQUEST LOAN MODIFICATIONS AND SHORT SALES TO STOP FORECLOSURE

On April 2, 2009, the Arkansas Democrat Gazette reported that the increasing rate of mortgage foreclosures in Arkansas has put a "downward pressure" on home prices.

The big unknown for the coming months is President Barack Obama's plan to help up to 9 million borrowers avoid foreclosure through refinanced mortgages or modified loans. Banks in Arkansas have shown an increasing willingness to consider requests by homeowners for loan modifications or short sales. By submitting requests to their lenders for reduced interest rates or permission to sell homes for less than the balance of their loans, homeowners can avoid the devastation of foreclosure. However, many Arkansas homeowners remain unaware of these options.

Homeowners interested in requesting mortgage modifications can download the required Mortgage Modification Request Kits for submission to their lenders. Homeowners seeking their lenders approval of short sales can download Short Sale Request Kits With minimal effort, many homeowners in Arkansas can stop foreclosure of their homes. The Arkansas foreclosure defense kits are easy to use and surprisingly affordable.

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