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)
Wondering How to Write a Hardship Letter?
Well Guess what! You’re not alone! In these tough economic times with so many foreclosures popping up everywhere many are wonder the same thing. I’ve heard I needed to write a hardship letter. But I’m no writer. How to write a hardship letter? Where do I begin and what do I say? Before I continue this post let me suggest you click on the Loan Negotiator Link in the side bar of this blog and speak to the Foreclosure Doctor Online to arrange a one-on-one conversation with the Loan Negotiator Group. They can quickly write a powerful and effective hardship letter for you and help you get the loan modification you seek. Well first let me share with you briefly some main points to remember if you’re wondering how to write a hardship letter. Apply these and I promise you will get far more positive results.
Are You Stuck in Foreclosure Due to Mortgage Fraud?
So a couple years ago you got your mortgage. The realtor worked with you in a professional manner and assured you that your house was valued at a certain amount. You didn’t know that you were about to be the next victim of a widespread crime - Mortgage Fraud
Jana and Keith moved into their beautiful new home in Los Angeles, California. They felt certain all was well until the housing market starting slipping. Then Jana lost her job and Keith got laid off. Four months without work left them financially stressed and emotionally exhausted. What do they do now?
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.
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.
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Hope and Change?
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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
Can A Workout Help Get You Through the Foreclosure Process?
The foreclosure process has began and you’re feeling all the emotional trauma of what it means. I just want to take a moment to remind you that during this intense and stressful foreclosure process you need the gym.
I’ll never forget how Jim and Janelle handled their foreclosure problem. After reading and researching and getting some information they chose to get started tackling this financial problem. But they started at the gym.
That’s right. Every morning they would get up together and go to the gym. There they worked out vigorously with focus and determination. They used this time to focus on how to stop the foreclosure process they were involved in.
The foreclosure process tends to cause a tremendous amount of stress. It can become so overwhelming that for many it is easy to skip exercise at the gym.
Some even give up their gym membership because they think that is a good place to cut back in order to save money. But what value is there in saving money and at the same time losing your health during the foreclosure process?
Let me share a few simple befits the gym can bring into your life while you are going through the foreclosure process. I’ll give you just three highlighted points that I believe can help you make it through.
I want you to know how important this aspect of your life can be in helping you find a solution to save your home while going through the foreclosure process.
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Oxygen
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Energy
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Endorphins
You will be amazed how much better you feel when you start oxygenating every cell in your body through good exercise. This will create a cleansing effect within your entire body.
Added energy is the natural result. Many who are going through foreclosure often feel like their energy is sapped. They feel a certain lethargy and sluggishness as result of a lack of oxygen.
But with added oxygen in every cell of the body there will be a powerful surge of vitality. The cells of the body and especially the brain need the extra oxygen that comes with a good workout.
Oxygen gives energy to the body because every cell needs it in order to consume the fuel that the cell is using to live. So by getting yourself into the gym and exercising you actually make every organ function better.
But what is even more powerful than added oxygen and energy being released, are the endorphines that are released through the body during a good workout.
Okay I know you’re wondering how is this going to really help me and my family make it through the foreclosure process? It will help because these endorphines create what is known as feel good moments.
Feel good hormones – what are those? Well those are special hormones that surge through the body and give you a feeling of well being. Feeling good about yourself is so important in order to solve your foreclosure problem
So many times if you sit down and and remain complacent, and inactive there is a tendency to enter into a severe depression. Well do you think depression will help you make it through foreclosure? Not at all.
But finding a way to feel good about yourself and your future inspite of your impending challenge will certainly help you change the way you view your options.
And when you view your options in a more positive light you will certainly get further along in creating or finding a solution.
Finally a good workout will help you through the foreclosure process because it will give you an opportunity to conquer something.
Lifting weights, punching a boxing bag, or jogging allows your mind and your body to experience resistance. After facing resistance and overcoming it you will have the feeling of a winner.
You will feel the thrill of victory. You will know deep down on the inside that if victory and winning is possible for you in the gym then it is also possible in any challenging process, even the foreclosure process. You will be energized to get help getting out of foreclosure.
The Foreclosure Doctor (Online)
How to Write a Hardship Letter?
You’re sitting their wondering about the advice you’ve just been given. Write your lender a “Letter of Hardship.” But you’re thinking to yourself, I’m no writer, I wish someone will tell me, “How to Write a Hardship Letter” so the lender will read it and help you?
Wally and Carrie were devastated. It seems like nobody understood the tremendous crisis they had just come through. Wally lost both his parents in a terrible storm. And Carrie just had a miscarriage after four months of pregnancy.
How Long Do I Have to Stop Foreclosure?
How do you go about stopping foreclosure? This is a great question that all who are facing foreclosure really do need to know the answer to. It is highly possible that many don’t have long at all. Dan and his wife Dana didn’t know how long before it would be too late. Unfortunately they put off taking action until it was too late. Don’t let this happen to you.
If you’ve received a notice that the bank or lender is intending to foreclose on you then you may not have much time. Unfortunately many people wait too long to take necessary action in order to stop foreclosure proceedings. If you’re facing foreclosure I suggest you do the following three things immediately.
Do You Have An Idea to Build Wealth?
No matter what you do when facing tough economic times, if you are really going to thrive and start winning financially, there will come a moment when you say “I don’t want to live like this anymore.” I must find a way to create more money. And so the question arises, “how do I create real wealth to stop foreclosure and really create the life I want?”
Molly had just experienced a year of bad luck. She had lost her husband in a terrible accident. She was coping with the loss but her income was not quite enough to pay all the household bills. Before she knew it she was facing foreclosure. How could she possibly make it through this? She felt so all alone!
I offered her a basic skeleton of a plan:
- Get a unique idea for a small business
- Become passionate and energized about the idea
- Create a plan for creating the business associated with the idea
So the first thing I encouraged her to do was realize that she was not alone. Often times we may feel a certain way which is really not a reflection of reality. But then allow those feelings to control our entire lives and run us into the ground.
Molly discovered that this was not a powerful way of being. She longed for the courage to take control of her feelings and emotions and actually create the type of life she knew she could have.
I told her about my current package which I still offer for free called the Stop Foreclosure and Start Building Wealth. Simply by signing up on this site she will receive a copy of the powerful book “As A Man Thinketh.” by James Allen.
There are many who value this popular and powerful book. You can see references to it on numerous other blogs like the Dough Roller. This little book “As a Man Thinketh” has become popular because it is so incredibly powerful.
I still have it available for anybody who desires to have it. It contains powerful ideas for taking control of one’s thoughts and emotions.
Well there was one good thing for Molly. She had a couple of innovative business ideas that she had put together over the years. She knew they would allow her to make money fast.
And furthermore they were business areas that she felt really passionate about. These were nutritional based business strategies and she was really excited about being involved in that field. But she had one problem. Can you guess what that might?
She had a startup cost that she had no money. How do you get the money to start a business you know will make money if the bank won’t lend it to you? Well not even that line of reasoning worked with the banker. She had to find a better way.
Then she found out about the Ultimate Guide to Raising Capital. She needed capital and this entire program talked about ways she could raise the capital she needed to create her dream business.
She didn’t have a wealthy uncle or father to fund her business idea. So she concluded the best thing to do was to discover how to fund it herself. So though this was a big step for her she decided to take it.
That all happened six months ago. Today she is well on her way. She found out that she can educate herself on any topic as long as she was willing to work on the area of information she needed.
And what this program actually provided for her was a powerful coaching opportunity that challenged her to do things she had never done before.
Over time she discovered that she had discovered that pathway to creating the what she really wanted. She had an idea that she felt powerful and passionate about. And she had a plan to implement that idea.
Most people have ideas cross their minds every day that would make them a millionaire. The problem is they fail to mix passion and energy with those ideas. And so these ideas pass off into the distance and dissolve with their dreams.
But Molly learned a better way. You can too. You can take an idea that is crossing your mind right now. Any idea that you’ve had in the past will work. You can go ahead and mix passion and energy with it. Then create a plan for putting that idea to work.
You’ll be amazed to discover that you have taken the first steps towards something big and powerful. It can literally change your life. Go ahead and download the free package called Stop Foreclosure and Start Building Wealth today.
The Foreclosure Doctor (Online)
