Do You Know The Seven Secrets To Successfully Writing a Hardship Letter?
October 29, 2008 by Admin
Filed under Foreclosure Procedure, Hardship Letters, Loan Modification, Stopping Foreclosure
Jim and Rena were really, really stuck.
They had heard that the best way to save their house from the foreclosure procedure, was to begin with a hardship letter.
So they sat down late one night after a long day of work and frustration to write this hardship letter. Immediately they felt stuck and backed up against the wall. They couldn’t figure out where to begin.
What is a hardship letter?
How in the world do you write that hardship letter?
And ultimately they were wondering who should they send this letter to?
But where in the world do you learn how to write a hardship letter?
They don’t teach you that stuff in school. No one on the job required them to write a hardship letter.
So, you can imagine? They had heard about what a hardship letter is and that may be the best place to start. They were stuck because they didn’t know how to write a hardship letter.
I shared with them the seven powerful secrets to successfully writing a hardship letter. Would you believe, they were able to successfully get that hardship letter completed, present it to the bank, and it was read, they were able to get a loan modification and stop their foreclosure.
So, I just want to take a moment and share the seven hot secrets to successfully writing a hardship letter with you.
Can Chains and A Padlock Stop the Foreclosure Procedure?
October 28, 2008 by Admin
Filed under Foreclosure Procedure, Hardship Letters, Loan Modification, Stopping Foreclosure
What methods are you using to deal with your home foreclosure procedure?
There is the shocking story of a woman in California who on the final day of her foreclosure process, that is the day the bank was going to really evict her, padlocked the doors and locked her out.
She chose an interesting solution to attempt to stop the foreclosure procedure.
She chained herself to her home.
Can you imagine having to take these desperate measures in these hard economic times?
Do you think chaining yourself to a pillar on the front steps of your home and saying that the bank is going to have to fight you for your home is really a practicial, powerful and workable solution?
Can You Find a Foreclosure Angel to Help You Stop the Foreclosure Procedure?
October 28, 2008 by Admin
Filed under Family, Hardship Letters, Loan Modification, Stopping Foreclosure
I clearly remembered just yesterday hearing this story, the story of a Dallas woman who went to the auction where her house was being auctioned. Wow, what a gripping experience.
There she was in tears on the floor, feeling the impending gloom and doom of losing a house. She really went just to say goodbye to her home, but in the process she met somebody, a woman by the name of Marilyn Mock, who became her foreclosure angel by coming to the rescue.
Right there at the auction in the conversation, Marilyn asked her what was wrong, why is she crying?
She said, I’m losing my house today due to foreclosure.
I love this story because Marilyn proceeded to bid on her house and keep on bidding on that house until she finally ended up buying that house for her at the auction from the bank and she gave it back to her. Now I don’t know what kind of arrangement Marilyn and Tracy would make, whether or not Tracy would have to pay her back, or whether she would just live in the house for free.
But what I do know is that at the last minute, Tracy found somebody who could help her.
I want you to know that if you’re facing foreclosure it is possible to find your own foreclosure angel.
Who Is Responsible For Fixing And Solving The Foreclosure Procedure Crisis You Are Causing?
October 27, 2008 by Admin
Filed under Economic Crisis, Hardship Letters, Politics and Economy, Stopping Foreclosure
Are you stuck in foreclosure and waiting on somebody else to come to your rescue?
Are you getting up day after day,looking outside, looking at the sky, looking at the paper, watching television, and wondering when is your rescue going to come?
Jane and Sally were really stuck in the foreclosure procedure. Everytime they looked around them they saw the reason why they were facing foreclosure. It was the banks fault or the mortgage companies fault. Then it was their parents fault or another family member’s fault. Finally it was the realtor who sold them the house at a price way above what it was worth or the market that kept on falling in their area.
And ultimately it was the government’s fault.
Here’s some tips for taking powerful action to stop the foreclosure procedure:
Do You Think You’re Alone in the Foreclosure Procedure?
October 25, 2008 by Admin
Filed under Foreclosure Procedure, Hardship Letters
Is there something about you that causes you to think you’re all alone in the foreclosure procedure?
Are you feeling like you’re the only one in your city, your town, in your neighborhood facing foreclosure?
John had these feelings. He was living in a beautiful bungalow house, three-bedroom home in the middle of a suburban area of the city in Saint Louis, and he was in the foreclosure process. He felt stuck and unable to move. Part of what held him stuck was the tremendous amount of negative self-talk he was constantly levying on himself. He called himself the worst names possible. He believed that he was the only one facing this crisis. He thought often about how stupid he was. He did not believe that there was a way out. He thought that, certainly, he was going to lose his house.
I’m here to tell you that these thoughts are the very thoughts you want to stay away from if you’re facing foreclosure.
When you’re caught without a solution, you ought to begin to adopt the attitude that that does not mean that there is no solution. It just means you haven’t found one yet.
Can You Win If You Owe More Than Your House is Worth?
Can you win if you owe more than your house is worth? Well, that’s a great question, and it was on the mind of Mike and Dana for the last three months. They were stuck in foreclosure. They tried to sell the house, but they could not get a sale that would be high enough to cover the amount they owed.
They felt like their world was caving in upon them. Have you ever had this horrible feeling? Have you been stuck in the foreclosure procedure before? Well let me tell you some hardcore facts about what you can do.
I shared with them some tips that proved to be so powerful that they asked me to share them with everybody else. Why did they do that?
They did that because these ideas that I shared with them actually enabled them, though stuck in the foreclosure procedure, to actually find a way out, or creatively, strategically, and through the use of much innovation stop their foreclosure procedure and end the nightmare.
I introduced them to a group I have partnered with called the Loan Negotiator Group. By using the services of the Loan Negotiator Group. They were able to structure a way of getting out of their mortgage, getting out of their house, and getting into a new property.
So let me share with you what I shared with them. First of all, if you’re stuck in the foreclosure process or struggling through the foreclosure procedure, you want to be able to understand exactly where you are in the foreclosure procedure.
You’ve got to know exactly what the law is in your state, in your county, and in your city. Then you’ve got to know exactly how much your house is worth and exactly how much you owe.
It’s just so surprising to me when I speak to people on a daily basis, that I find that they know they’re in foreclosure, but they don’t know how much they owe.
Are you in this situation? Well then you’re not alone in that issue. Many others are. They don’t know how much their house is worth. They don’t know how many months they are in arrears.
And I’m like, come on man, if you really are serious about stopping the foreclosure procedure, if you really want help to get back on your feet financially, it begins by doing the little things that you can do, taking the little steps that you can take. So the first thing you’ve got to do is find out all the information that’s available to you about your house.
Most of it you already know. How much are your monthly payments, how long has it been since you’ve made a monthly payment, how much are you in arrears on your monthly payment, how much is the bank foreclosing — what is the bank foreclosure amount that they’re asking upon collections.
How much are they trying to close out the loan for? What is the total amount of the value of the house compared to the amount that you owe on the house? Now, if you find yourself in a position where you owe more than the house is worth you know for sure that you must make a powerful choice about what you are going to do.
Upon finding out the proper information about exactly how much the house or even just a ball park figure about how much the house is worth you can decide if you wish to walk away or stay in the house and hope the value goes back up.
If you find out that you owe more money than the house is worth, then here is the question for you, and this is a question that only you can ask. The question is, is it worth me for to stay in the house, or should I let the house go and get another house?
Wow, what an incredible question!!! So, let’s think about this for a moment. If you put $50,000 down to buy the house, and now you are in a house that is worth less than you put down then clearly you’ve lost your equity due to this housing crisis.
However don’t despair, all is not lost. Because through some creative actions taken in this depressed market you will be able to buy another property fairly easily at a tremendous discount if you buy REO’s or auctions directly from a bank.
So, suppose you bought a house worth $200,000. You put $50,000 down to buy the house, and you had a mortgage of $150,000 on the house, and now the house is only worth $150,000.
Well suppose it is worth exactly how much you owe, or maybe it’s even worth less. If it’s worth $145,000, and you owe $150,000. The question is, well, if I walk away from the house, I have walked away from my $50,000 investment.
But then, when you think about it, if you stay in the house, you are staying in a house that is worth far less than it was when you bought it, so you are still out your $50,000 investment. The question is what can you do in this scenario, in this situation. What is possible for somebody? Well, two things:
1. Realize that the market goes up and down. That is what real estate markets do. They just go up and down. So, if you were to stay, it is possible over time the market will go back up. It will go back up to $200,000 where you bought it, it will go way beyond that, and you will regain your $50,000 deposit, and even more.
So, that’s one possibility. You could stay in the house, as long as you could afford to catch up on your risk up on the monthly payments, and make those monthly payments on a regular basis, you could stay in the house.
In other words, one way to win if you are in a house where the value has diminished so greatly that it is now worth less than the mortgage on it, is just hang tight. Hold on, that’s right, hold on for the ride.
It’s going to be a bumpy ride, but hold on. Don’t cut and run, hold on. Don’t pack it in, hold on. Don’t give up, don’t quit, hold on, because as the market went down, the market can come up and most economists and real estate investors believe that once we get a few months, maybe a couple of years behind us, we will be over this economic crisis, and most of the real estate markets will come back.
Also, know that they are not making any more land out there, and yet they are still making more people, so the housing market and the real estate industry, investment industry, still responds to the basic supply and demand pattern. As supply increases, demand diminishes. As supply diminishes, demand increases.
So, what you have to know is that by staying in the house and waiting, and just being patient, most likely, you will win. This strategy works best if you are able to afford to wait. If you can are not pressed to sell the house or cash out your investments.
2. Another way of winning is if the market were to diminish below the value of the house — or if the market were to diminish below the value of the loan on the house, and you end up owing more on the house than the house is really worth, walk away from the house.
What would happen if you walked away? If you could walk away safely, if you could negotiate with the bank or the lender to do a deed in lieu where you just simply turn the house over to the banker, you could walk safely.
Now walking away from the house if the house is worth less than the mortgaged value against the house is effective if you know how to do it safely.
The power of this option is that in a down economy and a depressed market where there’s an abundance of properties to buy, you can turn the foreclosure circumstances/situations into a positive thing for yourself.
For instance, right now, instead of finding yourself in a position where you are in a house that had diminished in value so greatly, and that you’re not able to make the payments, and you don’t feel inspired to make the payments or excited about making the payments because the house is no longer worth what it once was, you can walk away from that house, but don’t just do it without structuring the walk away properly with your lender.
Then you position yourself to buy another house way below market value. How would you do that? Well, you would not approach a realtor. You would not buy from the regular conventional market. Instead, you would buy directly from the bank.
The real estate market right now is filled to the brim with properties for sale that are being sold right now far below the current market value.
I’m not talking about <Garbled> of being sold below the market value of a year ago or two years ago, but I’m talking about properties that are being sold far below the current market value. What does that mean for you?
Well, that means that if you walked away from a house that you bought for 200,000, you put $50,000 down, you owe $150,000 <Garbled> value of the house has gone down so that it’s now worth less than the $150,000 loan on the house.
It’s quite possible that you can find a property that’s worth $200,000 again, but you can get it for the price of $100,000 or $75,000. Wow!!! What would that mean?
That would mean that you would negotiate a loan agreement with the bank whereby you buy a piece of property that’s worth $200,000 right now to a bank auction or a bank sale off the bank’s aureoles. You could buy a property right now that’s worth $200,000.
You can get it for 100,000, $120,000. If you were to put down 10% or 25%, 25% of $100,000, oh my goodness. You put down $25,000. Well, if you put down $25,000, you ask well where would I get the $25,000 from?
Well, that’s the place in which you have to be creative, and I’ll be glad to talk about that in my next post. But for that — for right now, I just want to leave you with the thought, and I want you to chew on the idea of, buying a piece of property that’s worth 200,000, buy it for $100,000. That’s doable.
Buy it for 120. Buy it for 130. That’s doable. You’re buying property from the aureole market that is way below its market value and would be in the property. That’s doable, and then, I know someone’s asking the question, well how do I structure this deed in lieu.
The deed in lieu simply means you give the deed of your previous house, your old house, the one that’s lost its value, has gone way down below market value, turn that deed over to the bank, and the keys, and you escape being foreclosed upon.
This saves your credit and frees you from being responsible for the mortgage. The biggest challenge with the deed in lieu is that it must be done properly and carefully to ensure that you are not still on the hook for a deficiency judgement or taxes that can sometimes be assessed against you for any shortfall the bank suffers.
In order to successfully structure a deed in lieu I encourage you to do let the Loan Negotiator Group work with you directly. By connecting with the loan negotiator group that I have partnered with you will get a powerful solution and be able to walk away free and clear. Simply click on the link loan negotiator group, and fill out the entire questionaire completely and thoroughly. They will contact you within 24 hours to get more information from you and help you get the loan modification that’s necessary in order to do a deed in lieu.
The Foreclosure Doctor Online
Are You Planning for Credit After the Foreclosure Procedure?
October 14, 2008 by Admin
Filed under Credit, Loan Modification
WELL YOU NEED TO BE!!! Danny and Josephine were in BIG TROUBLE! They were stuck in the foreclosure procedure and didn’t know how to get out. But worse than that, their credit was now totally shot. What should they possibly do? After some careful thinking and planning they saw that their situation was not all lost. They were back on their way to not only stopping their foreclosure but also rebuilding their credit.
Why Wait to Stop the Foreclosure Procedure?
October 12, 2008 by Admin
Filed under Loan Modification
Okay, so let’s talk about “should you wait to stop the foreclosure procedure?” Currently, our nation is facing a tremendous economic crisis, and to be quite frank we have a problem of such immense proportions that many people are locked away in a mindset of confusion and inaction.
I was talking with a couple named Sam and Joan, and they told me that you know what, “I’m just going to wait until Bush gets out of office to begin to deal with my foreclosure problem.” They said, there is no possible way that I can find a solution to stop this foreclosure procedure in the midst of this current market and this current economy.
Well, I got some really bad news that I had to share with them. The bad news is that if you are going to wait until the new president takes over to stop your foreclosure or to begin to attend to your foreclosure issue, you are going to be waiting too long. If you’re waiting for the Government bailout you might be waiting a long time.
Furthermore what gives you any assurance that the new president or the next administration will do anything that will specifically help you. Sure, we all hope and wish and want and desire for the new president and the next administration to have a policy that will help people who are in foreclosure.
But my concern is that if you are waiting for them, guess what, you are waiting too long. Not only are you waiting too long, but you are placing your entire hope on a wish, on a whim, on a fancy, just some airy promise that maybe the new administration would be sensitive towards the demise of people who are facing economic crisis in their own homestead.
I’m suggesting that that is not a very good bet to take. It’s not a very good way to run your finances and the finances of your family. What I would suggest is that instead of waiting on the new president and the next administration to take care of your foreclosure problem, why don’t you begin to take care of your foreclosure problems for yourself?
Well, I will tell you why most people don’t take care of their problem or begin to address their concerns or the need or the issue of their own personal finances that is leading them into the foreclosure procedure for themselves, most people are afraid.
Most people are so fearful of what the foreclosure procedure or what it entails, that they simply do nothing. That’s right… they are like a deer on the state highway in the headlights. As they see the car coming towards them, they don’t know what to do and they freeze, and then guess what happens, they get hit.
So, the first thing I want you to know for sure is waiting for the next president and the next administration is not the answer. Doing nothing is not the answer.
The only thing that can begin to solve your foreclosure process and end the foreclosure procedure being carried out against you is for you to take action. Taking action does not mean — taking action simply means that you do something every day, whether it be research, analysis, investigation. You do something every day to gain more knowledge necessary to help you get out of foreclosure.
What most people don’t recognize is that they have an incredible opportunity if they take action to find the solution; a solution that’s way more powerful than any solution that an outsider may bring and a solution that comes way faster than the next president or the next administration can offer them a solution.
What is that solution stopping or solving your foreclosure problem? Well, that solution is simply this…. It is possible for you, who are facing foreclosure and stuck in the foreclosure procedure to get a loan modification. Of course this would work to stop an impending foreclosure procedure.
Oh, I know you’re thinking to yourself, how is that possible? I’ve called my bank and they said no. I’ve talked to my lender and they won’t even talk to me. The institutions that are holding my mortgage won’t even return my phone calls. And I know right now you’re probably feeling all alone and helpless and hopeless and quite sure that nobody out there is on your side.
Well, I want to challenge you into exploring a new reality. There are millions of people out there who are in exactly the same boat you’re in right now. Many people are stuck, many people are fearful, many people don’t know what to do.
But thousands have found that they can get a loan negotiation. So I did some research on loan negotiation. I did some very, very careful and laborious research to find the best organization out there on the Internet that can offer a loan negotiation, and I found it.
They’re called the Loan Negotiator Group. The Loan Negotiator Group offers a loan modification whereby you could find a solution to your foreclosure problem. With their expertise and professionalism, they will be gladly able to help anybody facing foreclosure to modify their loan.
They can work with the bank to get a loan modified where the payments are reduced. They can negotiate a forbearance where the amount that you owe that’s outstanding is tacked onto the back of a loan.
They can even negotiate a deed in lieu if you were decide that you can’t afford to make these monthly payments, they would negotiate a deed in lieu where instead of foreclosure, you just hand over the deed and the keys to the house directly to the bank or the lender. This would save your credit and allow you to just get a brand new fresh start.
My challenge to anybody who’s facing foreclosure right now is “DON’T JUST DO NOTHING”. “LIVING IN FEAR DOESN’T WORK,” and “FEELING STUCK WON’T HELP YOU.” “GET UP AND TAKE ACTION!”
What is the action I want you to take? I want you to call the foreclosure doctor on line. You’ll see the number at the top of this screen, 1-877-FDO-7001. Call the Foreclosure Doctor online right now, or click on the Loan Negotiator Group icon at the top right of this blog, and there you will be able to get immediate access to the loan negotiator.
All you have to do is fill out the simple questionnaire. Please fill it out as completely as possible and someone from the Loan Negotiator Group will call you within a few short hours and negotiate with you. First they’ll hear your story, they’ll listen to your concerns, they’ll listen to what you want to do, and they’ll offer you, they’ll share with you what’s possible in your state, in your community, in your county, and they’ll help you to solve the foreclosure problem that you’re in.
Don’t wait to stop your foreclosure, to solve your foreclosure crisis. Take action today!
The Loan Negotiating Group is also able to prepare to help you with a loan modification — not just with loan modification, but they can also help you to repair your credit.
They have an entire credit department that works full-time on behalf of their clients to negotiate with your creditors to dispute anything that is negative on your credit file, to negotiate with lenders to possibly remove any negative entries after you’ve been able to pay.
Oh my goodness, it’s so powerful what they are able to do to help you that if you fully understood it, you will know that no amount of money could really pay for what they are able to do to help.
By cleaning up your credit file, by beginning to repair your negative entries on your credit file, to remove negative entries, to pay off debts, to be able to establish good credit.
To establish good credit you begin for the first time to really create for yourself a powerful portfolio or profile financially. This is one of the greatest steps you can take toward stalling or stopping the foreclosure proceedings against you, the procedure.
The foreclosure procedure can be stopped and it can be solved, but you as the client, you as the borrower, must position yourselves in the best place so that you can receive the help that is available for you.
I invite you to click on the icon that says Loan Negotiator Group on the top right of this screen, or just dial the number that’s also written at the top of the screen or click on the link that says Call FDO and get connected right away to the Foreclosure Doctor.
The number is 1-877-FDO-336-7001. And you can speak to the foreclosure doctor online and get the help that you need to clean up your credit, to get a loan modification so that you can begin to live the quality of life that you want to live, to secure your equity, to safeguard your home and to be able to provide a roof over your head for your family. Wish you all the best.
The Foreclosure Doctor Online
John McCain’s Selling His House… is He Caught Up in the Foreclosure Procedure?
October 2, 2008 by Admin
Filed under Foreclosure Procedure, Politics and Economy, Sell Your House
Just take a look at this property. Apparently this is one of John McCain’s 13 properties. And guess what! IT’S FOR SALE!!! Well isn’t that amazing. Why would he be getting rid of such a beautiful property? Obviously they wanted it or needed it at one point in the past otherwise they would not have bought it. But now something in their lives has changed and they don’t need it anymore. So here is the question “Why are John and Cindy McCain selling their mansion home?”
No I’m pretty sure he’s not caught up in the foreclosure procedure! But Unless you’re John or Cindy McCain your answer to this question should be “I DON’T KNOW!!!” I mean really and truly speaking who knows why people do what they do? Why do people sell? Why do people buy? Nobody really does know except those who are really doing the buying and the selling, right!
