What Should I Do if I Receive a Foreclosure Letter From My Lender?

Let me tell you about John and Lana.  They were two people just like you.  They had the American dream.   Then suddenly there was a knock on the door and someone handed them a foreclosure letter.  Now it seems like their world was falling apart.  They definitely needed help with foreclosures.  What should they do?

• Contact the lender
• Call the lender
• Write a hardship letter
• Try to get a refinance
• Consider selling the home

Well they can do any one of those first.  But who really knows what the results will be. 

If you are like John and Lana, stuck in foreclosure and you’re wondering what to do, you may have already tried these methods listed above before. Most people say they have but they end up getting no response.  So why is that? Simple!  The solution you need does not just entail knowing what to do, but knowing how to do what you need to do.

That’s why I suggest you contact the Loan Negotiator Group and let them help you.  I promise you will lose your house if you simply choose to do nothing.  That’s never the right solution.  And having the right solution in mind without the right strategy, understanding and knowledge to implement it may also result in disaster.

You’re probably wondering what steps to take beyond what everyone else is doing.  That’s exactly where the Loan Negotiator Group comes in.  They offer help with foreclosures and would be prepared to work with you to help you get out of foreclosure. They are equipped with the knowledge and expertise to help you handle the situation from the time you receive the foreclosure letter all the way up until you are able to successfully get a loan modification, sell the house or find another solution.

Indeed dealing with this type of a financial problem is difficult and frustrating and many people find themselves wondering what to do once they receive a foreclosure letter.  Where should you start?

Let me share a bit more about John and Lana’s experience.  Simply put, they had it all.  You know what I mean.  They had two kids, a dog, two jobs, and a nice home.  Then times got tight. Gas prices went up, Lana’s hours at work were cut back to part-time, and some unexpected financial problems hit around the way. Before long they missed a few payments and received a foreclosure letter hand delivered at the front door. Like you, they found themselves wondering what their options were.  Thankfully, they found help and found out that there were several great options available to them.

There are many options available to you, even if you have received a foreclosure letter.  Of course there are a few things you need to look for in these options when trying to find a solution after getting a foreclosure letter. And above all you need to know that knowing how to navigate through the waters of the foreclosure procedure is not as simple as it may seem. 

Let me highlight some of the steps you must take to provide you with some helpful knowledge. But know full well that I encourage you to work alongside the Loan Negotiator Group to get your situation resolved.  It will cost you a whole lot less in the long run and save you a world of heart-ache and head-ache.

First ensure the solution you are seeking is a legal one.  Beware of people and companies trying to scam you.  Look out for the option that will work best for your specific situation.  Don’t simply believe everyone and anyone who is out there promising to offer help with foreclosures. Contact Your Lender.

If you get a foreclosure letter hand delivered at the door or in the mail from your lender, the first thing that you should do is to contact your lender.   Of course the Loan Negotiator Group will do this for you on your behalf. After communicating with you and finding out exactly where you are financially and where you want to go, they will create and have a powerful conversation explaining fully your situation.

Sometimes the conversation with the lender is easy.  At times when you speak with a lender they will have some good options for you to consider in lieu of foreclosure so you can avoid losing your home.  Whatever you do don’t just ignore the foreclosure letter from the lender – make sure you contact them right away.

Call Your Lawyer. Another important thing to do when you receive a foreclosure letter from your lender is to call your lawyer.  Your lawyer can help you to understand more about your legal obligations and options.  Once again the Loan Negotiator Group has an entire legal department that can provide you with all the legal counsel that you need.

Also, they may be able to help you declare bankruptcy if this is something that you desire to do, although I do recommend that this be a last resort.Find out your legal options by talking to a lawyer or communicating with the Loan Negotiator Group as soon as possible.

Write a Hardship Letter. Writing a hardship letter is an excellent option when you receive a foreclosure letter in the mail. While many lenders do have some good programs to help you avoid losing your home, usually you’ll find that they do require that you write a hardship letter outlining the financial difficulties you are going through that have caused you to fall behind on your payments. And yes even here in this step the Loan Negotiator Group is prepared to structure and write an effective hardship letter for you.

Try to Get a Refinance. If you can, try to get a refinance if you suddenly receive a foreclosure letter. Now this is where the Loan Negotiator Group will really shine for you.  Having a team like this on your side to speak for you is really powerful.  Many times if they are unable to get a complete refinance they are able to get a complete Loan Modification, a forebearance or a deed-in-lieu.

Consider Selling Your Home. More than likely selling your home is the last thing that you want to do, but in some cases, it can be your last resort. If you can sell it for full price or more than you owe, this is great and a wonderful way to deal with this problem when you receive a foreclosure letter from your lender. However, in a time when the housing market is down, this can be difficult. In this case, you may need to consider a short sale if your lender will agree to it.

These are just a few of the options that are on the table when you receive a foreclosure letter in the mail from your lender if you are working alone and by yourself. However if you were able to have a powerful team of highly trained and experienced business professionals beside you who are highly trained in the area of loan negotiation then suddenly a whole new world of possibilities and options will open up for you.

That is exactly why I suggest for you the Loan Negotiator Group! All you will need to do in order to get started is fill out a short questionnaire with information about yourself, your house and your situation and one of the trained professionals from the Loan Negotiator team will get back in touch with you promptly. When you do you will get a highly experienced and professional case worker who will consult with you and answer all your questions.  Then they will work with you to get you the kind of loan negotiation you are most likely eligible for.  Isn’t that what you really want anyways? A chance to save your home and safegaurd your equity?

The team of mortgage professionals at the Loan Negotiator Group has worked with hundreds of clients and has established relationships with many of the primary lenders and banks in America. They have the experience, knowledge and expertise to offer numerous solutions that can be negotiated on your behalf.  But you need to have a conversation with them first and let them know exactly what you’re looking for. These solutions include anything from a complete loan modification where your payments get lowered or a deed-in-lieu where you walk away from the house and the debt altogether without ruining your credit. Dealing with foreclosure is difficult, but there are options that can help you to avoid losing your home.   The Loan Negotiator Group is prepared to help with foreclosures no matter what your situation may be.  Look into these available options to find a way that you can avoid foreclosure and stay in the home you have worked so hard for.

The Foreclosure Doctor (Online)

Have I Entered the Foreclosure Process Now that I’ve Received a Foreclosure Letter?

Yes you have!   Let me tell you about Danny and Sofia.  They had received a foreclosure letter but neither of them were lawyers and they had no knowledge of either the banking or mortgage industry.

Now needless to say, they had never been in this situation before.  With the recent rise in foreclosures, thousands of people across America are asking this question…

What do I do now? 

I’ve received a foreclosure letter from the bank and it sounds like a bunch of legal mumble jumble.  What am I supposed to do? 

Well, it is a great question and I am glad you are asking it.  I am going to give you in a nutshell 5 powerful steps you need to take if you receive a forclosure letter from your bank or lender.

The intention of these 5 steps is to help you get as much time as possible and take advantage of any options available so you save your home.

1) You will need to call the bank or lawyer and find out exactly how much money they want in order to stop the foreclosure and how much time you have left before it is just too late.

2) Secure a coach – somebody who has knowledge about the foreclosure procedure to help you navigate these unchartered waters. I am available to be your coach. Simply by entering in your number on this site, you can speak to me directly and I will offer you a free consultation.

3) Make sure you have a good family budget and have identified financial money leaks and areas where you can save

4) Write a hardship letter that details the situation that got you into foreclosure and caused you to be behind on your payments. Also tell what plan or strategy you have for getting caught up on your arrears

5) This should really be first … if you are a believer in God, then pray. Prayer is a powerful action that can actually align your mind in the direction that God can work on your behalf.

Now let me just give you a brief overview of exactly how to do all these five steps.

1) When you call the bank, you have to be direct and forthright. You can’t speak in maybe’s and should be’s and wishes. You have to call with a plan and a detailed question and know what you want to propose to the bank.

In order to accomplish this, I suggest you research and find the right department to speak to. Many people call their bank and get no response, get a run-a-round and get passed from department to department.

If you are in the foreclosure process, and you have received a foreclosure letter, then the person to talk to is not the one answering the phone. Ask to speak directly to the Loss Mitigation Department or sometimes it is called the Debt Workout Dept.

You have to have your mortgage number ready. Refer to your house by the mortgage number. Ask to speak to the individual who is handling your file. Ask the bank to fax you a copy of the arrears statement. That is a document that tells you clearly how many months and how many dollars you are behind. It includes interest and fees.

I cannot stress this any more without sounding overbearing but I want you to know how important this is. Many people call the bank and never get the bank to send them anything.

By getting the bank to send you a copy of the arrears statement, you now have a document that you can work with. You have in writing the amount, timings, and specific calendar dates.

2) Getting a Coach is crucial to navigating any foreclosure process and to finding a solution to stopping it. 

When I say it is crucial, I am not meaning that it is “maybe I need a coach” or “it would be a good idea to get a coach.” I am saying that the foreclosure process is such an intense and taxing process, there are so many innuendoes and diversions and legal issues that must be dealt with, that for you to attempt to go through the foreclosure process by yourself would be equivalent to your saying “OK I want to lose my house.”

Now don’t get me wrong – you may think you have enough knowledge and understanding of the foreclosure process to go through this yourself.  Fine let me assure you the majority of the people who end up losing their homes never sought out and found a qualified and experienced coach to help them navigate through the foreclosure process.

No doubt you are wondering what should I look for in a coach. I suggest you find someone who

Understands you and your situation.
Cares enough to really help and is not going to just take your money.
Understands the foreclosure process and knows how to talk to lenders or coach you into talking to lenders.
Will tell you the truth.

I offer all my clients tremendous insight into the foreclosure process along with a wealth of experience that they could not get elsewhere. How am I able to do that? I have been working for people who are in foreclosure, helping them stop the forclosure process for over 5 years now.

Furthermore, I work with an organization that understands the needs of people who are in foreclosure. I am poised and prepared to help many who are seeking assistance to stopping foreclosure and start building wealth.

3) Now let me share something about the Family Budget. We all go through difficult financial times. If you are in foreclosure, I don’t have to ask – I know you are struggling with a balancing act.

But take heart, you can use the foreclosure process as a springboard to a stronger financial future.  If you received a foreclosure letter, this means that your personal finances have reached a breaking point.

Now, certainly, we can have a great conversation about whose fault it is – the economy is bad, the bank or lender gave you a bad mortgage, the realtor or the broker didn’t do their job. We can blame it on high taxes, President Bush and the Republican government or the Democratic Congress.

However, the only person you have control over is you. Ask yourself, “Am I blaming others when I should be looking at myself?” The best place to start is your very own family budget. How much money are you making? What are you spending it on? What are the bills you have to pay? What are the things you have to buy? How much are you saving? What can you do to save more? What can you do to make more? What can you do to reduce your bills?

There is a lot you can do. Be wiling to do what you have to do. You know there is a lot you can do to solve this problem. Yes, there may have been a lot you should have done to prevent yourself from getting into this situation but my scolding you or you scolding yourself doesn’t help.

What you need to do is begin with the family budget.  Get out a piece of paper right now and write down your monthly expenses, sources of incomes.

Talk with your family – include everyone involved. Make this a time to talk truthfully through about your finances and goals. It won’t take long to get on track. It only takes willingness, determination, and discipline. Make this a team effort.

Don’t’ wait another day, hour or minute. Begin right now! Let this foreclosure letter that you have received and the foreclosure process be a catalyst that causes you to take action and start moving in the right direction.

4) If you want to write a hardship letter to your financial institution, this is certainly a good place to start negotiations with your lender for a loan modification.

This is only possible and meaningful if you are in a situation where a loan modification will help you. If you have no job and no income, forget writing a hardship letter unless you are asking for a few months to find a job but even that approach doesn’t put you in a very powerful position.

If you broke you leg and have been off work for a few weeks but you’re expecting to go back to work in another week or so and you are quite sure you job is secure, then a hardship letter might be the way to go.

Include 3 fundamentals. State what your legitimate hardship.  Mind you telling the bank that we took a trip to Hawaii instead of making a payment to them is not going to cut it.  You have to demonstrate a hardship such as a death in the family, illness, loss of work – show that something was incidental and unforeseen in order for your hardship letter to have meaning and value.

Your hardship letter must be addressed to the right contact person at the bank. Don’t just send it to the bank and expect that they will get it to the right person – that’s a waste of time. In order to find the right person at the bank, you might have to do some research. This is an area where a coach can offer great help. Coaches know the way to contact the right person in the right department.

The hardship letter must include a plan of action – you are making a proposal to the bank. You acknowledge you are behind, you have a legitimate hardship, and now you want to put forward your plan or strategy that you are asking them to accept.

The proposal should indicate that you are able to catch up on your arrears within 3 to 6 months and not more than one year.

5) Now let me say something about prayer. I don’t know about your convictions when it comes to spirituality but I do believe in prayer because I have seen it work.  Many others have also seen and experienced tremendous positive.  Just check out this article in Time Magazine on Prayer

I am not here to push my spiritual beliefs on anybody. If you are not interested in prayer or you do not have a level of spirituality, then believe me you don’t have to read the rest of this. I have given you enough information.

I do say that for those who believe in prayer, that prayer is a powerful solution that helps make all the other actions and steps and plans you do more effective. What prayer does is tune your mind to the frequency of God or, if you wish, the higher power that is in control of all things.

Millions have gone through hardships and can testify that it was not until they prayed with earnestness, conviction and faith that they saw the tables turn in their behalf.

If you are including prayer as part of your solution to help you make it through the foreclosure process, let me suggest a simple formula …

• First, begin your payer with statements of adoration and gratitude to a mighty God.
• Second, continue with confession – if there is anything that is blocking or hindering your spiritual connection, engage in a conversation of confession.
• Third, express thanks – be thankful – not only for what God has already done in your life and for what you do have, but also in advance that God is going to help you solve your financial problems and find a solution to the foreclosure process.
• Fourth, ask frankly for what you want – make it specific. Ask in a positive context. Ask for a solution to help you solve the problem or for wisdom to find the right person at the bank or whatever step you are at. Be specific. And watch for answers – record them if you want.

I have given you a plan of action and some practical strategies. Take it and implement it and you will begin to see results.  Click on the link that says Loan Negotiator Group at the top right of this bog or enter in your phone number and you will be placed in immediate contact with me.

I am more than happy to give you a free consultation. Together we can solve the problem of this financial hardship and survive the foreclosure process.  

The Foreclosure Doctor (Online)

Are You Pulling Your Hair Out Trying to Write a Hardship Letter?

Well John and Cathy had been on my site here reading much of what I’ve been talking about when it comes to How to write a hardship letter. I easily pointed them to some websites and also showed them how not to write a hardship letter.  But they wanted some more information about what an effective hardship letter would look like. 

So I decided to write one for them and for anyone else who is seeking to do this the correct way.

Date (Current Date) Name: (Your Name)

Address: (Your Address) Mortgage Company: (Mortgage. Company.)

Loan Number: (your Loan Number)

I/We, (Your Name), are requesting that you review my financial situation to see if I/We qualify for any workout option.

I/We are having problems making my monthly payments because of financial difficulties created by (circle what applies):

Unemployment

Reduced Income

Divorce

Separation

Medical Bills

Too Much Debt

Death of my Spouse

Death of a family member

Payment Increase

Business Failure

Job Relocation

Illness

Damage to Property

Military Service

Incarceration

Other (Please Specify)

This difficulty or hardship happened on or about this date ??????.   I/We believe that my/our hardship is (circle one) Temporary / Permanent This is a brief account of the situation with some details about how it transpired (explain the situation you encountered… and tell them you feel you can now afford your payments again) I/We, (your name), declare the contents of this letter provided above to be true and accurate to the best of my/our knowledge and understanding.

Borrower’s Signature Date Co-Borrower’s Signature Date

For more information on how to write a hardship letter or what to do after writing a hardship letter please enter your information in the opt-in box on the top right hand side of this blog or click on the Loan Negotiator Group and enter your information there.  I’ll be in touch with you that way soon.

The Foreclosure Doctor (Online)

How Does the Foreclosure Process Impact the Family?

How does the Foreclosure Process Impact the Family? Great question! And there must be only one reason why you are asking. Tell me the truth – you got a hand-delivered letter from the bank, right? You’re in foreclosure. The bank is saying they intend to sell your house. 

What a terrible tragedy! You’re wondering “How in the world can they do that? Can they really sell my house without my permission?” This was Sam’s story.  He lived in a beautiful suburban 3–bedroom house with a 2-car garage and a nice front yard. He and his family had lived there for 15 years. 

But now because of some unforeseen circumstances, they found themselves facing foreclosure. Now that was a dreadful word in his mind.  He wasn’t even sure what foreclosure meant.  He just knew it sounded bad.  He knew he didn’t know much about the foreclosure process and wasn’t sure he wanted to learn.

But there was one thing that concerned him.  It was, “Do I or do not own this house?”  Yeah, I owed money on the house but that is far less than what the house is worth, he thought to himself.  Later that evening he talked it over with his wife.  She didn’t have much more knowledge about the foreclosure process either. 

All she knew was that the house was titled in their name. She was aware that they were behind on their payments but she was thinking the same way Sam was thinking.  Carol thought for sure the foreclosure process was only for those who had no equity at all in their house.  And as far as she could remember, they had at least $200,000 equity on a house that was worth $450,000.

So she was shocked to get this letter too. What both Sam and Carol didn’t realize is that when you have title to a house, that gives you ownership and the right to do what you want on the property but that does not mean that the bank does not have an interest in the house.

All it means is that as long as you continue to make your payments on time, the bank will let you live there. Ownership means you get to direct what happens on the house – paint, renovations, change the colour but you can’t do anything that will in the long term jeopardize the bank’s interest in the property. 

For instance, you can’t pick the house up and move it away.  And then tell the bank I moved the house.  That is not going to go over very well. So Sam and Carol had a rude awakening to the realities of the foreclosure process. They learned that this foreclosure process could be quite impacting on their family.  They decided to get help getting out of foreclosure.

First, by not being aware and not having knowledge how the foreclosure process worked in their state, they felt fear, uncertainty and a sense of helplessness. And then of course, their belief that as long as they owned the house or had title to the property they were safe from the process was false.

As I talked with Sam and Carol, I will never forget the thoughts that crossed my mind. How many other well-meaning families think there is nothing to worry about as long as they have title to the house?

Are there really that many people out there who are thinking the bank is going to leave me alone and I am not going to be affected by the myriads of foreclosures going on because I own my house. I alerted Sam and Carol to the truth. That anybody could fall into the foreclosure process if you fail to satisfy the demands of your mortgage or your loan agreement.

· So the first thing that they needed to know was the foreclosure process in their state. How much time does a bank or lender wait before beginning the foreclosure process and how much time do they have after the foreclosure process begins to save their house?

· The second thing they needed to know was what possible steps could they take to stop the foreclosure process and how do they go about taking those steps. This was really a difficult and challenging conversation for them to have. It forced them start talking about some issues that they had not talked about for the longest while. They had to start talking about money, work, budget, employment, future goals, and savings.

They had to confront certain things about themselves, their family, and their lives. But most of all they realized what they did not want to be involved in the foreclosure process. And they had the power to stop the foreclosure process but they had to start taking action.

In order for foreclosure to stop, they knew what they must do. They had to make changes and now. The alternative to making changes in their lives would be to suffer the indignities of foreclosure. What exactly would that mean? I told them clearly – they needed to

· change their spending,

· plan a budget – a map for their necessities, obligations and wants,

· start saving,

· create a plan to pay off arrears and

· maintain on-time payments on the house loan,

If they didn’t do this the foreclosure process would end up with them suffering the loss of their home. Here’s what that would look like. Most likely, there would be a public notice of foreclosure. The negative impact of shame and embarrassment would be felt.

The neighbours, friends and family would read that the house was being put up for public auction with a sign on the front lawn saying Bank Sale. Their credit would be severely blemished. Their dignity and pride would suffer as they would have to explain to their children that they were moving away from friends and schoolmates.

So the impact of the foreclosure process on the family home is severe and great. When the bank sells your house, most times, they sell it far below market value. In some states, they give you none of your equity which you have worked hard to built up. In other states, you will get just a little piece.

But the saddest story is that many are in the foreclosure process who do not have to be there. There are so many options available and so many solutions possible for so many.

As the Foreclosure Doctor (Online), I am here to tell you that Sam and Carol ended up saving their home. They were willing to change, adapt and take action. They did what was necessary to stop the foreclosure process, to get help getting out of foreclosure, and to avert its impact on their lives and their family.

The same actions they took are available to you today. I am prepared with a wealth of experience, knowledge and understanding to help you as you go through the foreclosure process. I am glad to answer your questions and provide guidance and direction so that you too can avoid the impact of foreclosure on your family home.

Decide today to get help getting out of foreclosure. Don’t think your’s is a lost cause. You do not have to think that there is no hope. For a limited time, you can contact the Foreclosure Doctor (Online) today. I can do the following for you … have a one-on-one interview and consultation to find out where you have been, where you are now, and where you intend to go.

Together we will structure a plan and a strategy for stopping your foreclosure. I will then personally refer your case to the Loan Negotiator Group whom I have partnered with and they will get you a loan modification should that be the pathway and direction we choose. Don’t wait until it is too late and you begin feeling the impact of the foreclosure impact on your family. Contact me today.

The Foreclosure Doctor (Online)

How Can Filing Bankruptcy Stop the Foreclosure Process?

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?

Read more

How Do I Write a Hardship Letter for a Deed In Lieu To Stop the Foreclosure Process?

Okay I’m writing another yet another post three days in a row on how to write a hardship letter because there are still so many questions about this.  I’m sure someone out there is asking a question on “how to write a hardship letter for a deed in lieu to stop the foreclosure process?” James and Shana were feeling stuck in the foreclosure process.  They didn’t know what to do until they found out they could write a hardship letter for a deed in lieu to stop the foreclosure process. 

But how could they write so they can get the attention of the right person? Well I alerted them to three things that they really needed to know which I want to share with you.  

This is extremely valuable information to anyone who actually chooses to do it.  I know you’re facing numerous Foreclosure Stresses that are already sucking up your time and making life difficult right now but believe me you will handel them better if you have the correct knowledge.

1. Understand the Foreclosure Process
2. Know How to Write a Hardship Letter
3. Know what a “Deed In Lieu” is

Now I’m going to load you up with this specialized knowledge and information however I greatly recommend that you get an expert or professional to write a hardship letter for you.  You will get far better results in less time.  

The Foreclosure Doctor Online has partnered with the Loan Negotiator Group to offer this service for all our clients. Just click on the link to the right and you will be granted a free consultation with the Foreclosure Doctor who will arrange an interview with the Loan Negotiator Group to get you the help you seek.

In order to be prepared to write a hardship letter for a deed in lieu to stop the foreclosure process, you must first have a thorough understanding of all three of the terms listed in the bulleted list above.

I’ve met people who are attempting to write a hardship letter to stop the foreclosure process too late for it  to be effective.  Then they wonder why they did not getthe results they need. 

Well you’re definitely not going to get an answer from the bank if your letter arrives at the wrong time such as on the day of the auction.

The power of understanding the foreclosure process will help you to really understand how to write and what you should write.  If you understand the foreclosure process in your state you will most likely write with greater knowledge and of what you are really trying to get the bank or lender to do.

If you are at the eleventh hour of the foreclosure process then it may be to your advantage to contract with a professional who can write this letter for you and deliver it on your behalf.  They will have a far greater ability to get your letter in front of the right person and get results faster. 

If there is any hope of stopping the foreclosure at the eleventh hour it would require someone who has experience getting your letter in front of the bank.

So for the record, if you want to write a hardship letter to stop the foreclosure process you need to send that letter earlier on in the foreclosure process.  Getting the best results from writing a hardship letter begins with you taking the hardship letter seriously. 

View it as a powerful step to solving your problem and stopping the foreclosure process.  Attempting to write a hardship letter without knowing how to write a hardship letter is like trying to drive nail without knowing which end of the hammer to use. 

A hardship letter is a great tool to help you negotiate a deed in lieu for instance, and stop the foreclosure process if it is well written and delivered to the proper department.

Unfortunately there are thousands in foreclosure racking their brains to figure out how to write a hardship letter and somehow they still get it wrong.  The results are, they get no results from that hardship letter and they are still stuck in the foreclosure process.

I just wrote a couple of posts on pointers you need to know in order to write a hardship letter.  Check out these three post called “Wondering How to Write a Hardship Letter?”, “Do You Want 5 Hot Tips On How to Write a Hardship Letter to Stop the Foreclosure Process?” and How to Write a Hardship Letter.

If you have any additional question about how to write a hardship letter just enter in your phone number in the top right hand side of this blog and you will be connected with the Foreclosure Doctor toll free.  

Though I have a very busy schedule I will gladly take a few moments to help you structure the letter you need.  I’ll be glad to offer you a free consultation to get the results you are seeking.

In order for the hardship letter to have the greatest impact you must be specific about what you want.  From the bank’s perspective you’re the one who is behind on your mortgage payments.  So the question is what do you want them to do for you?  Why are you writing this letter?  What is your real purpose and intention?

Bankers and lenders receive numerous hardship letters everyday.  Rarely do they read in these letters what the homeowner wants them to do.  You must write with a clear picture of what you want to accomplish. 

If you want them to negotiate a “Deed In Lieu of Foreclosure” you must state that clearly and proceed to outline the terms you wish to have in place. A Deed In Lieu of Foreclosure is a powerful solution that can solve your foreclosure crisis and allow you the freedom to walk away with dignity. 

However you have to establish for yourself a clear understanding of what you are really going to accomplish by structuring a deed in lieu. A Deed In Lieu of Foreclosure simply means you completely surrender the deed to your house instead of going through the foreclosure process. 

In many instances the mortgage is worth more than the house is worth and so the bank must agree to take a loss.  But if you bought a house for little or nothing down then you are not losing anything anyways.

Getting a new place to live and being prepared to move will be your only concern after securing a deed in lieu.  To be sure, this is a very sophisticated arrangement that you must make sure you structure properly. 

You must ensure you will not be held liable in the future for any amounts of money the bank loses.  You must ensure your credit will not be adversely affected.  You must ensure you are free from any taxes that may be incurred by you structuring a Deed In Lieu of Foreclosure.

Arrange for a free consultation to get help getting out of foreclosure with the Foreclosure Doctor Online today by dialing 1–877–FDO-7001 today. 

I will be more than happy to help you and refer you to the Loan Negotiator Group to get this whole thing structured in a simple and easy fashion. Keep in mind that just because you have had to go through the foreclosure process or negotiate a Deed In Lieu does not mean you will not be able to get financing in the future.

The Foreclosure Doctor Online

Do You Want 5 Hot Tips On How to Write a Hardship Letter to Stop the Foreclosure Process?

Are you tired of getting no response from your bank or lender while facing foreclosure? I know many are pulling their hair out trying to get a response from their lender.  That’s why I’m sharing five additional hot tips for those who are really want to know how to write a hardship letter to stop the foreclosure procedure.  But afterwards I’m going to tell you how to really get your bank or lender in your corner. Read more

How Will Obama’s Tax Plan Help You Lower Your Bills?

Will Barak Obama’s Tax Cut Help Lower Your Bills? Will you like to see for yourself? It is said that Barack Obama’s tax cut will help over 95% of American Families.  Not only will every person facing foreclosure benefit from this but the majority of American families will benefit.  Just click on this ObamaTaxCut link and run the numbers for yourself.

Read more

If Russian Prime Minister Vladimir Putin is Telling the Truth, Then is There a Bankruptcy or Foreclosure on New Ideas in the Whitehouse?

Did you hear today’s shocking and startling news? Russian Prime Vladimir Put has accused the US of provoking the conflict in Georgia, possibly for domestic election purposes.  Well this certainly takes the cake!  Are they actually trying to cook up Barack Obama’s loss by creating an external threat that will precipitate a win for John McCain?

There are so many questions this story generates.  Are the Repulicans really that hard-up for new and invigorating ideas to win? Is it a bankruptcy of honesty and truth or a foreclosure on innovative, creative, strategies and campaign solutions that they face? Or does this mean they have totally given up on “Hope” and “Change”.

Now they’re just desperate and hard-up!  But how are you doing in the midst of all this.  As a citizen of America what do you embrace.

• Hope and Change?
• Bankruptcy or Foreclosure?

Can you imagine what it means if this news is true? It means that while the average American family like the Johnsons down the street or Elliots up the road who is facing the question of “should I just give up and go through bankruptcy or foreclosure” or should I “embrace “Hope” and “Change” and the fight to save my home?”; the leadership of the United States has already given up on the American People and their ability to elect the next president.

Now their simply so jaded and numb that they must resort to devious schemes and covert international wars to cause a concern for security and demonstrate an unnatural threat that could upstage the desire of the American People to truly believe again.

Are they seeking to artificially destroy the desire for “Hope” and “Change”

I believe there are veins of similarity here.  What is most likely to help us win? It doesn’t matter what we do to win in the process we just want to win.  I believe the Republican party and the Whitehouse are going through a severe crisis and weighing similar choices as are the American people?

It’s a choice between “Bankruptcy or foreclosure” or “Hope and Change”!  But instead of being genuine and above board they are choosing underhanded, fear-based, militeristic strategies to adversely sway the will of the voting public.

What an insidious trick!  It sounds so much like a bad mortgage or upsetting their emotional security and putting their teeth on edge.

Well just what else might the purpose of these actions be if not to magnify the people’s uncertainties and injure the peace and security of a “Hope and Change” mindset.

By creating a false foreign threat they stimulate an undue resistance to “Hope and Change”.  In other words they cause the American People to say “That just sounds too risky in these militeristic turbulent and threatening times, I’m voting for McCain.

The same thing is going on in the minds of so many homeowners.  There is an external and foreign threat designed to upstage and destroy the safety, peace and comfort of so many.  It is called foreclosure.

But many see now that in so many ways the stage was set for their failed loans and the loss of their family homes through either a bankruptcy or foreclosure.  Their demise and financial failure seems cooked up and falsely created.

So here’s the ultimate question, “do we face a bankruptcy of new ideas and innovative strategies or is it time to foreclose on Barack Obama’s mortgaged message of “Hope and Change”? What will best help get us out of the Dilemma we face and win in the long run?

Right now that is exactly what many American homeowners are facing.  They are facing the question of “Can filing bankruptcy stop our foreclosure?” or “do we go through foreclosure to avoid filing bankruptcy?”.  And if we choose either “bankruptcy or foreclosure” then we certainly must give up on “hope and change.”

In other words if we choose to give in to foreclosure and just let the house go then we neither have to hope or change.  We can simply stay they same.

I’m not suggesting that there are not times in which one is forced into “foreclosure or bankruptcy” because they clearly have no other options.  What I am suggesting is that choosing “foreclosure or bankruptcy” without first exploring the possibilities of “hope and change” is what is devastating.

I know many find it difficult to embrace Barack Obama’s message of “Hope” and “Change”.  But it is the initial step in building a solid financial future while facing hard times.

One must make the conscious choice to steer clear of unscrupulous quick fixes and easy solutions.  One must determine to conquer fear with knowledge, wisdom and understanding.

I’m inviting you to embrace a new possibility today.  Embrace the possibility of “hope and change” as an alternative to “bankruptcy or foreclosure”.

Whether or not you are a Republican or a Democrat let me assure you “Hope” and “Change” are still two powerful ingredients that need to be a part of everybodies solution to stop their own person financial foreclosure.

Just sign into our opt-in box on the top right of this blog and download our Ultimate Guide to Stopping Foreclosure. I promise you it will provide you with a wealth of knowledge and information on ways you probably never knew existed for stopping foreclosure and starting to build wealth.

The Foreclosure Doctor (Online)

Introducing, Our Own Semi Official “A” Team, Hard At Fighting Foreclosure

Indeed, and they are good to go!. Find out how you can avoid foreclosure

Many people are feeling stuck in foreclosure.  But I say don’t give up.  Determine in your heart that you are willing to fighting foreclosure and win.  Just look at your favorite hero who may or may not even be a member of our “A” team.  

It could be Bill Gates, Yoda, Mr. T, Chuck Norris or anybody else for that matter.  Find somebody who has the winning spirit, spirit and attitude to fighting foreclosure and join with them.  Follow where they go, do what they do, read what they read, and think the way they think. 

Let your mind and heart and passion rise up within you and fight to save your home.

The Foreclosure Doctor

 

 

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