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Thank you for taking the time to visit this section. If you're facing possible Foreclosure, this is Must Read information.

The following information could help you save your home and your credit!!

I'm going to reveal to you the misconceptions, misrepresentations and downright lies that are responsible for the foreclosure epidemic that you may now be a victim of.

Most likely, the position you're in now is due to an unfortunate event that you had no control over. There have been an unprecedented number of irresponsible lender practices that began in the early 2000's. In different parts of the country, many lenders even committed fraud by placing a higher value on homes than they were worth, simply so they could inflate the amount of the loan needed by the homeowner, only to boost their own profits.

These irresponsible lenders offered adjustable rate mortgage that had attractive rates at the time, but as interest rates rise, so have the adjustable payments. Leaving many homeowners stretched beyond their means. You or someone you know may be facing this right now.

Of course, there are exceptions. You may be facing foreclosure because of sudden job loss, a terrible accident or a change in your health of that of a loved one. Regardless of the reason or event that has put you in this position; I know that it can drain both your financial resources and your sense of hope.

I want to tell you right now...Take heart. Your situation is not hopeless. I am going to give you every possible way out of the dilemma you're now in. I'm going to give you the information you'll need to keep a foreclosure from ruining your life and the life of your family. Options to get you back on track, just as quickly as humanly possible.

By the time you have read the rest of this information, you'll know exactly what your options are and you will be able to make an intelligent informed decision about the correct course of action to take next.

Because I don not know your current situation, I'm going to try and cover all the possible scenarios to give you the best chance of correcting things.

Here Are 7 Ways To Stop A Foreclosure

1 - If you have NOT missed a payment yet, but you know you are going to, the first step you must take is to contact your lender and let them know your situation. If you've lost your job or have some other type of hardship, let them know. They can give you time to help get your life back together, but you must call them as soon as you know you're going to miss a payment. The longer you wait, or if you wait until you actually miss your payment, it makes it more difficult to ultimately get the problem solved.

2 - Ask for forbearance. This allows you to delay payments for a short period of time, with the understanding that another option will be used afterward to bring the account current...for example, if you know you'll have the funds to bring your account current by a specific date because of a guaranteed sum of money you are receiving.

3 – Ask for a repayment plan. This is where the lender agrees to add a certain amount of the first missed payment onto each of the next subsequent two payments. These plans provide some breathing room for you, if you only have short-term financial problems, such as a sudden expensive repair or a medical expense that makes it too difficult to pay your mortgage for one month.

4 – Ask for a repayment schedule. If you have already missed two or three payments and owe a couple thousand dollars in lender legal fees, the lender of your mortgage may still try to arrange a repayment schedule. But you will likely have to pay a third to a half of the delinquent amount upfront, and then pay off a portion of the remaining balance each month for a year or more. Also, never ignore the lender's letters or phone calls. Ignoring the problem won't make it go away and if you're going into a foreclosure process, there are other fees and cost involved. Ignoring them only makes these worse.

5 – Loan modification plan. You may also be eligible for a loan modification plan, designed for people that can't afford repayment plans. In a modification, the lender actually adjusts the terms of the loan to make it more affordable. It may lengthen your amortization schedule or lower the interest rate to cut the monthly payment or roll the past due amount into the loan and re-amortize the new balance so you can pay the additional debt back over time.

6 – Short Refinance. Some companies may be willing to offer you a “short refinance”. With these, the lender agrees to forgive some of your debt and refinance the rest into a new loan. This way, the lender still gets more money than they would by foreclosing on you.

7 – A Deed In Lieu of foreclosure (DIL) is an option in which you voluntarily deed your property back to the lender in exchange for a release from all obligations under the mortgage. Unfortunately, there is no way to do this without hurting your credit, unless you get the mortgage company to report your mortgage account as paid in full. You may face income tax issues resulting from the lender forgiving part of the debt (which the IRS will likely treat as income to you, even though you don't receive any cash in the transaction), but you might be able to get yourself out of the hole and start over again sooner rather that later. Don't do this unless you are 100% willing to give up your home.

Also, after a foreclosure, your mortgage lender may still try to pursue you for the difference between what you owed and what the bank could sell it for at auction. These are known as "deficiency judgments".

If none of these work, there is one other option.

As you may know, a foreclosure is devastating to your credit rating and can affect it for 7 to 10 years. What's more, buying or even renting another home in that time period may be impossible for you. But, there is one more option where I may be able to help you personally.

Even if you can no longer afford your home, you can still protect your equity and keep a good credit rating. Here's how:

Up until a few days before the bank forecloses on your property, you have the opportunity to stop that process by having someone purchase the property.

I may be willing to do this for you. I arrange creative, legal and ethical ways to buy property from people who need help. The bottom line though is this; if your situation allows it, I can stop your foreclosure and often put money BACK in your pocket so you can start over in a more affordable home.

If you don't have the money to pay the lender off, and see no real chance of making up the payments & costs, and you would be open to discussing opportunities that could relieve you of this burden, please complete the contact form or email me directly at consider.it.sold@live.com and I promise I will call or email you as soon as I get your message.

With just a little information and by spending just a few minutes talking, I'll be able to find out if I can help you and your worries can be over.

Let me just say this, I understand that this is not a pleasant thing to go through, and I truly hope the information provided can help you change your situation.

Just know that your situation is NOT hopeless. Your attitude and ability to keep it together during this time is crucial to getting through it with the best possible results.

Just remember, it's important to act fast. Time is of the essence in these situations.

I am willing to talk to you right away and I can prepare in advance to purchase your home if it comes to that. So even if you ARE planning on using the methods I shared with you here, I encourage you to complete the contact form or contact me directly via email so we can create a back up plan just in case.

If you resolve the problem and save your home, I will be positively delighted for you, but if you can't resolve the situation, I'll be your safety net because the last thing you want is to have a foreclosure happen. My email again, if you prefer contacting me directly is consider.it.sold@live.com.

Thank you for taking the time to read this information and I wish you the best in your efforts.

Sincerely,

Nancy

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