Strange as it may sound, the foreclosure specialists at your mortgage company can be one of your best assets. It will take persistence and patience to deal with them and to get the information you need from them in order to help with foreclosure.

The best way to find the foreclosure specialists at your mortgage company is to simply call your mortgage company and ask to speak with the foreclosure department. If your loan already is in foreclosure, chances are that is the only department that you are going to be able to reach anyway.

With one of my mortgage companies, there was the foreclosure department and then when I asked them to help with foreclosure, my file was transferred to the workout department. Because all the workout department does is deal with helping people get out of foreclosure, I consider them as foreclosure specialists as well. These people were the biggest help to me in saving my home.

Because this is their job at the mortgage company, these are going to be the most knowledgeable people in terms of finding ways to help with foreclosure. They know what it will take for the mortgage company to consider your workout package. They know what you need to do and the timeline that you need to do it in.

The one thing you need to keep in mind here is that given the current foreclosure crisis, these are some of the most busy people at the mortgage company. My experience in dealing with them was that they almost never answered their phones and I often had to be persistent in calling and following up with them.

But the time it took to track them down was worth it because they were able to tell me exactly what I needed to do in order to save my home from foreclosure. They provided me with some of the best help with foreclosure during my foreclosure process.

I called them to make sure that everything was on track, to make sure I correctly understood the paperwork, to make sure that I had not missed any important deadlines or paperwork. As long as I was polite and calm in the messages that I left them, I always received a call back. When I left angry or frantic messages, I rarely received a return call and if I did, it was often many days after I called. Not that I can blame them. Who would want to deal with an angry or frantic customer?

But I can honestly say that I never would have been able to save my house from foreclosure if I had not received their help with foreclosure. They were the best assets in helping me save my home.

By: Jill Borash

About the Author:
Want more help with foreclosure from someone who has been there? Get more free foreclosure help at http://www.Stopping-Home-Foreclosure.com/HelpWithForeclosure.html

Even if you’ve only got a few hundred dollars to start out your real estate investing career, you can join the ranks of the real estate investing elite in no time investing in the smartest property, the smartest way. Here’s how to buy homes in foreclosure without attending the auction, for $200 or less.

First, forget buying tax property at the tax sale. You’ll never be able to buy homes in foreclosure inexpensively there. The bidding process ensures that (it’s designed to). Desirable properties will sell for close to retail value, not to mention you can’t inspect property beforehand and have to come up with your entire bid on the spot, in cash, if you do win. Then you’ll wait to see if the owner redeems the property, which he usually will. Do this instead:

1. Wait until after tax sale, and use the information you glean from the results guide you to good property. Tax sale companies that buy homes in foreclosure do a lot of research beforehand – use it to your advantage. Homes that got a lot of bids are the ones that are the best deal. Make a list of the good properties.

2. Nine months into the redemption period, see who still hasn’t redeemed. If by this point the owner hasn’t redeemed, he probably isn’t going to – but he still needs to sell that place quick if he’s going to avoid losing it to the winning bidder at tax sale.

3. Contact the owner directly, and see what’s up. You’ll be surprised how willing these people are to tell you exactly what’s going on with the property (and other things in their lives!) – and they are very motivated to sell at this point. You can negotiate a very low selling price with these folks. Or, if you’re operating on a very limited budget, you can make a deal to buy the deed for $100, and then a percentage of whatever proceeds you are able to get after flipping the property.

You’ll find another very profitable subset of tax delinquent owners as well – those that are just letting the property go, without trying to sell it. They don’t care about their deeds. By politely asking if they might consider signing the deed over to you so you could see if you could do something with it, you’ll pick up deeds for literally nothing this way. Sweeten the deal by offering $100 for their time to sign the paperwork, and you’ll be swimming in deeds.

4. Take out your profits! Either pay the taxes off on these properties and keep them (they’re almost always free and clear properties by this point in the process), or price the property so far below market value that you’ll have investors and buyers knocking down your door to buy. Then you can walk away with thousands in profit for your efforts, without ever having to pay the taxes off.

This method is the only guaranteed way to buy homes in foreclosure for almost no money. The recession has caused a lot more properties to go into foreclosure, so the market’s ripe for entry right now.

By: Maggie Dawson

About the Author:
The current foreclosure rate won’t last forever – take advantage of it now.

Learn more techniques to get properties outside of auction for $200 or less. Free e-book – Click Here: http://Deed-Grabber.com

Want real-estate-sized paydays without owning property? Read this Free Guide to tax sale overages — a secret money-making machine of the Tax Sale “Insiders.”