Month: March 2009

How To Keep Your Foreclosed Home From Going To Auction

How To Keep Your Foreclosed Home From Going To Auction

If your home is in bank foreclosure, headed to auction, you know it. You’ve been warned by your lender ahead of time that they were planning to foreclose if they didn’t get your payment and you didn’t pay them, did you? So you expected the foreclosure. And they did it. The foreclosure is now a matter of public record, so now you’re getting more mail than you know what to do with all about saving your home.

The companies offer to work with you to keep your foreclosed home from going to auction. They have the resources to help you out of the situation you are in. The downside? Many of them charge a lot for their services. And some are ruthless, taking advantage of your situation (like those who offer to buy your house for a fraction of what it is worth).

Talk To Your Lender

The first thing you should do when your are in foreclosure (your home could be auctioned) is to know the facts. When was the foreclosure filed? The clock starts ticking from that day. There are several steps before home foreclosure and auction your lender can help you understand this, as can the paperwork the courts mailed you. Your debt will be higher immediately, with the added on foreclosure fee, but it will also go up periodically, whenever they need to mail you more information about your foreclosure like when the home auction is scheduled to take place. The further down this road you go, the more it will cost you. Find out from the lender how much your outstanding debt is there’s a chance it is higher than you expected.

See if you can renegotiate with your lender. They don’t want your house, they want their money. Some lenders will be amenable to working out a new deal with you, perhaps tacking on the missing payments to the end of the loan instead of expecting them immediately. Some will waive late fees for a bit, or give you more time before foreclosing. It can’t hurt to ask your lender what they can do to help you cure the default.

Decide how you will handle your situation. Do you have resources to tap into to pay off the default and cure the loan, making it current? Maybe an old trust fund or inheritance you can use, or a rich uncle you can ask for a gift or loan? Or would a smarter choice be to refinance your home? If you can, that might be a better in several ways a lower mortgage payment in the future, cash out to pay other bills, etc. Or you might want to just sell your home. Though you may not get as much for it as it is worth, the money you give up might be less than the hit you’ll take with a foreclosure and possible home auction. Choose carefully knowing that the sooner you take action, the better.

Benefits Of Organic Chocolate Bar

Chocolate has always been touted as healthy as long as consumption is kept in moderation. This is in spite of the fact that some chocolate bars are manufactured or produced in an inorganic way. So, it follows that an organic chocolate bar should have more benefits compared to one that is inorganic.

Organic Methods

An organic chocolate bar is actually produced without the use of chemicals that can affect the state of the environment and that of the consumers negatively. The method of producing the organic chocolate bar from the cocoa tree is vastly different from other commercial methods that involve processes that require chemicals. Even in the growth of the cacao tree, there has to be organic pesticides or a natural way of controlling the pests that plague the tree. This assures the consumers that the food that they consume has not had any exposure whatsoever to dangerous chemicals even as the ingredients are being grown and cultivated.

The fermentation process of the cocoa beans should also be free from factors that may affect the organic quality of the organic chocolate bar. So the fermentation, the drying and the roasting of the cocoa beans should have no exposure to chemicals.

Organic Dark Chocolate

The dark variety of organic chocolate bars are said to have the most benefits to offer consumers compared to any other variety of chocolate. Among the benefits that we get from an organic chocolate bar are the high amounts of antioxidants in the form of phenols. These help to reduce the risk of cancer as well as promote a healthy heart. The dark kind of chocolate probably has the same amount of antioxidants as blueberries and flavonoids in green tea.

An organic chocolate bar can also act as a feel good food by raising the levels of serotonin and endorphin which are factors to euphoric feelings. Chocolate can also have calming properties through a compound known as anandamide.

Other Reason To Go Organic

The other reason why organic chocolate bars are better is because the production and manufacture of these help to lessen the impact of dangerous chemical to the environment. Since organic farmers do not use harmful chemicals and elements to grow and maintain their crops and trees, this means the environment is exposed less to the chemicals. It is not only the environment who directly benefits from the organic chocolate bar but also the workers and the farmers who have fewer chances of exposure to the dangerous pesticides and fertilizers.