Refinancing to avoid foreclosure

According to MSN foreclosure rates in 2006 were 43% above the rates in 2005. Eventhough some markets have stayed average and others still see appreciations, there are alsoalot of people who are in trouble with their mortgage payments.

In doing my research, there are basically 2 things that you can do stop foreclosure.
Number 1: You can talk to your lender and see if they will give you extra time to make your payment. Use any and whatever excuse you have.Don't be shy - tell them that you are putting your house on the market and hope to sell in 1 month, tell them you can give them 70% of the paymentand pay the 30% later, tell them you plan to pay your payment in 5 days - whatever - just say something that makes them know that you are not just going to ignore the situation like the people who just don't pick up the phone.

Your lender may be willing to understand your situation or not. But at least you tried. If they say "no dice" then get on the internet today and refinance your mortgage loan to pay off your lender - asap.Don't dilly-dally - you have no time to wait. That takes me to choice #2.

Number 2: Refinancing to avoid foreclosure. The idea behind this is to stop the madness and start over. Whatever you do - you don't want the foreclosure on your credit report - trust me. It's terrible.Get a refinance loan BEFORE you credit score tanks and you can't find anyone to give you a loan. Once your credit score tanks below 600 - finding a loan is difficult.

Special thanks to Sharon at KStreetLoans.com for providing extra information.

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Foreclosure refinance loans are offered by www.Kstreetloans.com. Avoid foreclosure by refinancing your mortgage loan today. Visit www.kstreetloans.com for refinance loans, home equity loans, HELOC and debt consolidation loans.

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Top 100 foreclosure cities

Q2 1 Detroit-Livonia-Dearborn, Mich. 10,316 80 4.535 41.9 2 Fort Lauderdale, Fla. 8,431 88 4.132 86.53 3 Denver-Aurora, Colo. 9,825 90 4.043 30.41 4 Miami 9,380 91 3.997 97.18 5 Dallas 13,422 99 3.658 9.94 6 Indianapolis 6,383 100 3.623 -2.5 7 Fort Worth-Arlington, Texas 6,854 101 3.6 13.8 8 Atlanta-Sandy Springs-Marietta, Ga. 13,562 107 3.397 4.51 9 Las Vegas-Paradise, Nev. 5,215 115 3.158 58.85 10 Memphis, Tenn. 3,929 144 2.528 2.08 11 San Antonio 3,788 145 2.508 14.86 12 Riverside-San Bernardino, Calif. 8,183 145 2.506 59.86 13 Palm Beach, Fla. 3,643 153 2.378 37.89 14 Cleveland-Lorain-Elyria-Mentor, Ohio 5,781 158 2.304 23.42 15 Columbus, Ohio 4,128 165 2.204 33.72 16 Dayton, Ohio 2,205 165 2.198 56.49 17 Houston 10,184 177 2.055 -15.44 18 Lake-Kenosha, Ill. 1,264 179 2.032 1.53 19 Chicago 16,155 180 2.019 3.78 20 Stockton, Calif. 1050 180 2.018 -14.5 21 Akron, Ohio 1,584 184 1.977 18.12 22 Jacksonville, Fla. 2,516 189 1.924 3.37 23 Camden, N.J. 1,359 191 1.903 131.91 24 Salt Lake City 1,672 205 1.774 -1.7 25 Tampa-St. Petersburg-Clearwater, Fla. 5,542 206 1.76 51.67 26 Austin-Round Rock, Texas 2,378 209 1.741 -32.13 27 Little Rock-North Little Rock, Ark. 1177 223 1.634 12.1 28 Oklahoma City 2,120 223 1.631 12.95 29 Warren-Farmington Hills-Troy, Mich. 4,211 231 1.575 36.5 30 Orlando, Fla. 2,882 231 1.573 -1.4 31 Tulsa, Okla. 1,516 242 1.504 -2.19 32 Phoenix-Mesa, Ariz. 5,492 242 1.498 35.47 33 Charlotte-Gastonia, N.C. 2,190 250 1.456 25.43 34 Oakland 3,532 253 1.434 35.95 35 San Diego 4,069 256 1.421 56.74 36 Sacramento, Calif. 2,509 260 1.395 -16.98 37 Louisville, Ky. 1,837 268 1.356 72.33 38 Fresno, Calif. 973 278 1.305 32.2 39 Gary, Ind. 890 296 1.225 37.13 40 Bakersfield, Calif. 768 302 1.205 98.96 41 Tucson, Ariz. 1,143 321 1.132 15.92 42 Tacoma, Wash. 843 329 1.105 7.25 43 Suffolk-Nassau, N.Y. 2,973 330 1.101 -21.6 44 Newark, N.J. 2,456 330 1.1 46.98 45 Cincinnati 2,494 334 1.087 29.96 46 Toledo, Ohio 854 334 1.086 -10.2 47 Worchester, Mass. 823 362 1.003 90.07 48 Pittsburgh 2,944 366 0.991 18.9 49 El Paso, Texas 608 369 0.984 -9.25 50 Omaha, Neb.; Council Bluffs, Iowa 824 375 0.969 464.38 51 Raleigh-Cary, N.C. 862 382 0.95 5.77 52 Philadelphia 4,089 383 0.949 4.42 53 Sarasota-Bradenton-Venice, Fla. 814 394 0.923 25.42 54 St. Louis 2,838 403 0.901 16.6 55 Los Angeles-Long Beach, Calif. 7,860 416 0.873 46.12 56 Springfield, Mass. 654 423 0.859 70.76 57 Edison, N.J. 2,058 425 0.854 29.84 58 Kansas City, Mo. 1,802 436 0.832 23.51 59 Buffalo-Cheektowaga-Tonawanda, N.Y. 1,154 443 0.819 128.97 60 Orange, Calif. 2,058 471 0.771 39.53 61 New Haven-Milford, Conn. 720 473 0.768 -15.59 62 Birmingham-Hoover, Ala. 878 481 0.756 71.48 63 Scranton-Wilkes-Barre-Hazleton, Pa. 525 481 0.755 1,593.55 64 Nashville-Davidson, Tenn. 1,115 496 0.732 -2.28 65 Bridgeport-Stamford-Norwalk, Conn. 677 501 0.724 -10.09 66 Albuquerque, N.M. 602 508 0.715 -61.99 67 Seattle-Bellevue-Everett, Wash. 1,805 542 0.67 -7.34 68 Hartford, Conn. 845 558 0.65 -21.18 69 San Jose-Sunnyvale-Santa Clara, Calif. 1,014 588 0.618 20 70 Ventura, Calif. 415 607 0.599 27.69 71 Essex, Mass. 471 610 0.596 117.05 72 Greenville, S.C. 370 646 0.563 27.15 73 Milwaukee-Waukesha, Wis. 943 656 0.554 24.41 74 New York-White Plains, N.Y. 6,467 659 0.551 -12.68 75 Knoxville, Tenn. 415 665 0.546 -3.04 76 Wichita, Kan. 352 678 0.537 -12 77 Rochester, N.Y. 622 687 0.529 72.78 78 Boston-Quincy, Mass. 1,048 696 0.522 74.38 79 Portland-Beaverton, Ore. 1,037 763 0.476 -72.46 80 Minneapolis-St. Paul, Minn. 1,511 774 0.469 18.32 81 Providence-New Bedford, R.I. 551 798 0.455 68.5 82 Cambridge-Newton-Framingham, Mass. 664 868 0.418 79.46 83 Poughkeepsie-Newburgh-Middletown, N.Y. 257 890 0.408 -9.19 84 Baton Rouge, La. 298 920 0.395 277.22 85 Greensboro, N.C. 298 923 0.394 -22.4 86 San Francisco 743 958 0.379 20.03 87 Washington, D.C.; Arlington, Va. 1,435 1,049 0.346 56.83 88 Syracuse, N.Y. 206 1,350 0.269 -26.16 89 Columbia, S.C. 197 1,367 0.266 -51.95 90 Wilmington, Del. 186 1,399 0.26 97.87 91 Charleston, S.C. 160 1,456 0.25 -23.81 92 Allentown-Bethlehem-Easton, Pa. 174 1,662 0.219 20.83 93 New Orleans 340 1,757 0.207 190.6 94 McAllen-Edinburg-Pharr, Texas 106 1,818 0.2 41.33 95 Baltimore-Towson, Md. 511 2,051 0.177 -0.97 96 Albany-Schenectady-Troy, N.Y. 163 2,232 0.163 -27.23 97 Norfolk, Va. 227 2,423 0.15 18.85 98 Honolulu 103 3,068 0.118 -28.97 99 Richmond, Va. 114 3,874 0.094 3.64 100 Bethesda-Frederick-Gaithersburg, Md. 74 5,505 0.066 4.23