Can You Relate to My Friend’s Foreclosure Story?
November 11, 2008 by Admin
Filed under Bankruptcy, Credit, Economic Crisis, Family, Foreclosure Procedure, Hardship Letters, Loan Modification, Politics and Economy, Sell Your House, Stopping Foreclosure
Are You Aware There is an Answer to Foreclosure? Do you have good friends that you touch base with a couple times per year? Due to families, busy lifestyles and distance you just don’t connect as often as you would like. Aren’t those the calls that really make your day? Reconnecting with old friends. I had the pleasure to speak with Jim who has been a dear friend for over 20 years now. Although, this conversation was an eye opener for me. Jim lost his job a few years ago and this was right when certain areas had started going into what looks to be a recession. His wife, Jackie also worked at the same employer and was let go during the wave of lay-offs too. Here they were both unemployed from their jobs. Now, where they worked was an excellent company as far as pay and benefits. NO MORE.
Caught in the Foreclosure Process?
November 1, 2008 by Admin
Filed under Bankruptcy, Credit, Family, Foreclosure Procedure, Hardship Letters, Loan Modification, Politics and Economy, Stopping Foreclosure
Recently, I came across the story of a young man who had basically checked out of life while caught in the foreclosure process.
For sure the procedure of going through foreclosure is grueling, devastating, and oftentimes downright demeaning, and many people choose in the moment of this crisis, to check out.
By checking out I mean they just give up.
This young man who I’ll call Sam was in this very position. He felt like he was in a deep, dark hole, and that there was no way to get out. No matter who he turned to and no matter who he called on, nobody wanted to help him.
When he called the lender no one wanted to talk to him.
When he called the bank, he got no returned call.
When he called his broker, there were no answers, and so Sam, instead of choosing to check into life, checked out.
How did he check out?
How Can Filing Bankruptcy Stop the Foreclosure Process?
September 10, 2008 by Admin
Filed under Bankruptcy, FDO Blog, Foreclosure Procedure
Let me tell you about a newly wedded couple named Jamie and Carl who were contemplating filing bankruptcy to stop the foreclosure procedure.
They had just graduated from University. Boy were they saddled with high student loans.
They had just entered the initial stages of the foreclosure procedure on their two bedroom home which they purchased two years ago. Now that was a chilled and scary procedure… Don’t you think?
Their lawyer suggested they file for bankruptcy to completely stop the foreclosure procedure. But can filing bankruptcy stop the foreclosure procedure? No, not really! Isn’t it amazing that their lawyer just didn’t know that?
Can Filing Bankruptcy Stop Foreclosure?
July 29, 2008 by Admin
Filed under Bankruptcy, Loan Modification
All right somebody out there is saying “I’m open minded but just so confused I don’t understand what to do?” It’s highly possible that you are reading this because you’ve been forced into these foreclosure procedures and pondering “Can Filling Bankruptcy Stop Foreclosure?” Well let’s get real for a moment. You’re trying to do a bankruptcy to avoid foreclosure.
If filing bankruptcy is the first thing you’re doing to stop your foreclosure then you just may be passing up some very powerful alternative solutions. I just found a great blog post on Bankruptcy Alternatives that I find to be very informative if you’re trying to do a bankruptcy to avoid foreclosure.
