In today's economy, the worst since the Great Depression of 1929, more and more Fremont homes are falling into foreclosure.

According to the Mortgage Bankers Association (MBA), the U.S. is "embroiled in the worst foreclosure crisis in recorded history. In 2007, more than 14% of subprime borrowers are defaulting and prime borrowers are beginning to follow suit."

Many Americans refer to themselves as 'homeowners'. Most 'Fremont homeowners', however, do not unconditionally own their Fremont home ... they, in effect, borrow it from a lender (or a number of lending institutions).

If Fremont homeowners fail to make the monthly payments specified in the mortgage agreement, the lender has the legal right to repossess and sell the house in a process referred to as 'foreclosure'.

Foreclosure is usually not an option Fremont homeowners choose. The homeowner is most often a victim of job loss, increased credit card interest rates, illness, divorce or necessary relocation.

Nor is foreclosure a simple process: the lender cannot simply evict the Fremont homeowner and take possession. Various state laws and regulations protect both parties from unfairness and fraud.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.

Every day, more people are headed closer to foreclosure, and toward the day they may have to leave their home. What should you do if you are soon to join the people getting a foreclosure notice?

First and foremost, you should forego the natural human tendency to freeze and do nothing. Face the problem head on and prepare, for hours and hours, weeks and weeks of making phone calls and writing to people who may be able to help.  Don’t think it’s too late to do anything, as long as you are residing in the home; you probably have some opportunity to keep your home.

People facing foreclosure in Fremont have more avenues to pursue than they might realize, for instance they have more options than (pay up or move out) that many Fremont homeowners think is their only choice.

Potential solutions include:

- Negotiating a Loan Modification.
- Refinancing the loan.
- Have a Fremont  agent List the home for a possible "short sale."
- Selling the home to an investor.
- Declare bankruptcy.

Short sales, are where the lender agrees to accept less than is owed on the home, to avoid the expense of a foreclosure-typically are handled by Fremont  real estate agents, which at least takes some of the pressure off of a stressed homeowner. Many professional Fremont Realtors are completing more short sales these days and have many buyers looking for bargains, though the process can be slow and frustrating.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.