Getting Out of Foreclosure is So Easy When You know How to Do More than Merely Write a Hardship Letter. Do You Know That?

So, we’re now rounding the corner towards this year’s finished line.

I have just talked to so many people out there who are literally scrambling for a solution to getting out of foreclosure.  They are indeed very much stuck.

Let me tell you about Vicky and Sergio.

They were real smart and resourceful and I felt impressed by the amount of research they did.

Sergio was a Med Student and Vicky worked from home selling Mary Kay.

We had a simple but clarifying conversation.  And they quickly knew exactly what actions they needed to take within the first few minutes of the phone call.

They were behind on their payments and they were trying to find out how to make the impending foreclosure go away.

I shared clearly that the only thing that makes foreclosures go away is “Money.”

They said plainly and in one voice spoken in unison, “But can’t we just write a hardship letter to the bank?”

“We have read in so many places that that is the first and best place to start.”   I said “you’re right it is a great place to start but certainly not a great place to finish.”

For anyone, who is seeking to get out of foreclosure using only a hardship letter I’ve got some real bad news for you.

Get ready for some real hardship in your attempts to stop your foreclosure.

Truly speaking, stopping a foreclosure with only a hardship letter is like trying to stop a Semi Truck that’s going downhill with only a pair of pliers to grip and clutch the wheels.

Even if you can find, locate and reach the wheel while the truck is racing down hill, you’ll only end up making a whole lot of noise and endangering your own life.  What you need is those specially designed hydraulic brakes that have been specially designed for effective stopping of heavy trucks that are going downhill.

And even then it will take some time.

Foreclosure Procedures, like large Semi Trucks do not just stop on a dime

So, now that we’ve established that it takes much more than writing a hardship letter let’s address the “more” that it does take.

This is first list, the main elements, of your plan for stopping foreclosure.

They must include the following and make sure to elaborate on them one by one.

1. Knowledge of the foreclosure process and law in your county and state

a. You’ve got to know this:

The foreclosure process and law differs based on the county and state in which your property is in.  What may work in one jurisdiction may not work in all other districts.

And,the fine print regarding your situation varies from place to place and from situation to situation.   Knowing the law and the foreclosure procedure in your state is therefore vital and crucial in order for you to even know where to begin when attempting to write a hardship letter.

b. Understanding the various timings and deadlines are also crucial and of tremendous importance.

Knowing the internal procedure and operations of the court in your jurisdiction can help you see possible options and available actions to take which may buy you more time and help you be effective in your steps towards ending your foreclosure crisis

2. Clarity concerning how much money is owed on the property and how much the arrears are.

3. Trying to stop foreclosure without knowing how much money you owe in arrears is like aiming at nothing and hitting it.

a. Most people who are in foreclosure tend to hide from the reality of what they are facing.  The hiding begins when they refuse to answer the phone calls from the bank or lender and refuse to open the mail that comes from the courthouse or the bank.

Frankly, if you don’t know how many months you are in arrears and how much your legal fees are then you won’t be very effective in stopping your foreclosure

b. A total transformation in the way you relate to your bills is necessary in order to begin to unearth some of the reality of the situation you’ve been hiding.

Being willing to face the facts of your financial situation is the really the first step towards solving your foreclosure problem.

It’s like getting a clear diagnosis of your problem before you begin creating and implementing a solution

4. An understanding of all possible options and a willingness to choose the one that is most powerful and effective for your situation

a. You must enter into a zone where you’re willing to do whatever it takes to solve the foreclosure.

Develop an openness to look at all possible options including refinancing the house, selling the house via a short sale, getting a loan modification, renting out the house or negotiating with an investor to walk-away.

5. Patience, determination and a positive attitude

a. Who you choose to be while facing these financial challenges plays a critical role in determining the outcome of your situation.  These are three of the most powerful character qualities that you can possess.

6. A powerful plan of action and a willingness to implement that plan.

a. Having a plan is certainly a powerful step but it by itself is simply not enough.  You must be willing to get up out of bed and implement that plan.

There you have it.

And, it doesn’t matter who you are.

As long you follow these steps you will get powerful results.

As you can see it will take much more than merely writing a hardship letter.

It takes a real genuine commitment and a willingness to tell the truth about your situation.

Many who are facing foreclosure would feel extremely challenged to go through all these steps by themselves.

This is why I strongly suggest that you do not do it all alone.

Get the Loan Negotiator Group on your side.  They are a group of experts who know how to help you solve the foreclosure crisis you’re in.  Click on the link that says “Get  a Loan Negotiation now and someone will contact you with 24 hours and help you get  started.

The Foreclosure Doctor (Online)