Stop Foreclosure and Stay in Your Home “Payments Free” For Years Even Without Government Help
June 29th, 2010
Most of the homeowners that are facing the possibility of foreclosure have discovered that qualify for Obama’s mortgage modification program was not as easy as they though it would be. To be precise, about 90% of homeowners have been rejected or never considered for the program.
Thousands of those homeowners have already lost their homes to foreclosure while others are in the middle of the foreclosure process. Some of those homeowners have sought helped and have been able to avoid or delay the foreclosure process. How long you can stay in your home after your lender has filed for foreclosure against you will depend on the fight that you put to your bank.
Some homeowners can delay the foreclosure process for years once their foreclosure process has already started while others have lost their homes in just about a few months. This doesn’t have to be this way; there are many techniques and strategies that can be used along the foreclosure process to delay it, even if you don’t have enough income to qualify for any government help.
Most of these techniques don’t require any expenses from your part and usually you could stay in your house for over two years and in most cases without making even one single mortgage monthly payment. Obviously, you need to know how the foreclosure process work, and what to do in every step of the process in order to do this successfully.
The first step of your fight is to answer the foreclosure Summon once you receive the file notification. If done properly, this technique only could delay the foreclosure process for months. At this point there are different tactics you can use to get your lender to stop the foreclosure temporally.
Other techniques include: To negotiate a repayment agreement with your lender in order to receive more time in exchange, the requesting of a court hearing, rejecting the foreclosure notice, among others techniques.
Again, the time that you will stay in your home after foreclosure will depend on the fight that you put against your lender to delay the process and on your ability to use different aspects of the law in your favor to avoid foreclosure.
Foreclosure is a process and there are ways for you to delay that process and stay in your home mortgage-free for a few years even if you do not qualify for The Obama’s Loan Modification Plan or any other Program, even if you have not income at all. Unfortunately, most people don’t know about the many tactics and strategies available for fighting foreclosure.
To stop foreclosure and stay in your home is of up-most importance not only because it can potentially save you thousands of dollars, but because it will ensure that you maintain the ability to qualify for future programs.
For more detailed information and for tips and strategies to avoid foreclosure and stay in your home for over two years without making any monthly mortgage payments, go to: How-To-AvoidForeclosure.info Click Here: How To Stop Foreclosure Remember, you can do this without paying for Lawyers, Agencies or for any service at all. Click here to save your home Stay In Your Home.
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Posted in Foreclosure
Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.