Stopping a foreclosure
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Learn what you can do to start stopping a foreclosure with this presentation from ForeclosureDeals.com. Check the options available for you and stop the foreclosure process now!
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Stopping a foreclosure
- 1. Stopping a Foreclosure Contents Some homeowners still throw their hands up Introduction ..……………………………1 in horror when they receive a notification A Mind Game……...…………………….2 from the bank, and some even walk away from their homes completely disempowered. Loan Documents....……………...…...2 This is no longer necessary these days, and, A Critical Decision..……..……….…...2 with the right knowledge, you could even stop Loss Mitigation Department….…..3 foreclosure in its tracks.
- 2. 2 Foreclosure is a Mind Game Banks do not want to own homes period. When they foreclose, they end up with property that they do not want, and they may have to repay loans themselves. You are in a stronger position than you may think. Review Your Loan Documents with an Adviser This is an exercise well worth paying for. There may be procedural or substantive errors involved. Alternatively your lender may have failed to fulfill an obligation themselves. Errors like these are diamonds in disguise. Make a Critical Decision What’s does that mean? Do you want to short-sell your home and rent accommodation instead? Alternatively, do you want to renegotiate terms so that For more terms and definitions, check out ForeclosureDeals.com’s you can afford to make payments once again. This is a critical glossary page: http://www.foreclosuredeals.com/G lossary.php decision at a critical time in your life. At ForeclosureDeals.com, we want you to remain in control of your own destiny.
- 3. 3 Speak To the Loss Mitigation Department at Your Bank Foreclosure Deals 12550 Biscayne Blvd, Suite 306 Miami, FL 33181 FAX: 1-347-402-6620 These are people tasked with avoiding foreclosures Contact@foreclosuredeals.com through negotiation with lenders. While you may not If it’s not a deal, we won’t list it here! receive the warmest of welcomes from them, they should Find us on the Web: http://www.ForeclosureDeals.com/ come over to your side as you explain your thought processes and the conclusions that you have reached. While on a level playing field like that, negotiate firmly, and politely, in the direction that you have chosen for yourself. Following that discussion, you should walk away with either a short sale concession, or a commitment to re- negotiate the circumstances of your loan.