Tag Archive | "lender negotiation"
January’s Top 5
January was a very busy month for us here at Truth in Foreclosure and we had more site visits than any other month in our 3 year history. So we’ve put together the top 5 posts for January so you don’t miss anything.
Continue reading...30 Minute Hardship Letter Video Course
Saturday, October 31, 2009
I just finished making this almost half hour long video course. You can watch over my shoulder as I prepare, outline, and write a hardship letter and give you the tips and tricks I’ve learned over the years. I plan to sell this in the near future, but I need honest testimonials from people like you. So, for a short time, I’m going to put it out here for the world to see and leave feedback on. No sign ups or purchases required (right now)…all I ask is that you leave a comment as a response to this blog post.
Continue reading...Dirty Tricks and How To Avoid Them
Thursday, July 2, 2009
As lenders try to minimize losses in today’s real estate climate, they’re trying to grab every income stream they can. For example, if you’re doing the right thing and trying to sell your home through a short sale, or pursuing a deed in lieu…or even if your home is foreclosed upon, they may still come after you for the debt you owe! Find out how to protect yourself in today's article.
Continue reading...Inside Loss Mitigation – How to Pick Your Workout
Monday, June 15, 2009
Ever wondered how your lender determines what workout to offer you? It seems like black magic sometimes, but there really is rhyme and reason to it. They have standard guidelines they have to follow as they consider your hardship package and decide what workout option to offer you. By knowing what they're looking for and shaping your hardship package in a truthful, yet most beneficial, way, you can stack the odds in your favor.
Continue reading...Your Secret Weapon
Tuesday, December 16, 2008
One of the most important things you can do to insure the success of your efforts has nothing to do with your knowledge, skills, or income. You have complete control over this secret weapon and can use it to snatch victory from the jaws of defeat. So what is your secret weapon?
Continue reading...Writer’s Block Keeping You from Writing a Hardship Letter?
Thursday, October 16, 2008
If you're in or nearing foreclosure, you need to write a hardship letter to explain your situation to your lender. You know that...everyone knows that. Are you stuck trying to decide what you should say or how you should say it? Do you know what your lender expects to see in the letter? If you're looking for info to help you break down your wall of writer's block...good luck finding it on the Internet. It's probably all there, but how do you know if it's correct or not. And do you have the time to devote to finding it and trying to figure out if it's true or not?
Continue reading...What I Forgot to Say
Tuesday, October 14, 2008
Yesterday's post about being proactive and calling your lender BEFORE you miss any payments left one important fact out. I was reminded of this when I tried to call my own lender this morning and got the cold shoulder. Find out why...and what you can do about it.
Continue reading...The Unfortunate Truth
Monday, October 13, 2008
It seems all the focus in the press and on the Internet these days is about homes in foreclosure and what you can do to exit foreclosure. But what if you're not in foreclosure yet? What if you haven't missed any payments? What if you're struggling every month to put food on the table and pay all the bills but so far you've been able to do so? First of all, let me say you're not alone! You have options...unfortunately, though, they're nearly all dependent upon your lender or servicer. Follow this checklist to start the process...be proactive rather than waiting for the inevitable.
Continue reading...Feel Like Quitting?
Wednesday, October 8, 2008
With all the gloom and doom in the news today, it can be tempting to give up on trying to negotiate with your lender. The process is difficult, but all you all have to do is persist. The difficulty has a way of weeding out the weak and those that do not have the financial ability to stay in their home. Not all homes can be saved, but if yours can, I hope this encourages you to keep trying.
Continue reading...Some Houses Shouldn’t Be Saved
Monday, September 15, 2008
This post holds nothing back in the interest of "political correctness" or saving your feelings. The intent is to tell it like it is, not to hurt anyone's feelings. There are too many people out there today telling homeowners in foreclosure what they want to hear instead of what they need to hear.
Continue reading...Thinking Differently…Is Your Home or Your Life More Important?
Saturday, September 13, 2008
It's natural to assume you want to save your home from foreclosure. It's natural to want to protect what we have from danger and uncertainty. But sometimes this emotion gets in the way of doing what is truly best for us. I hope this post helps you break through that emotion. No matter what situation got you into foreclosure. Regardless of what your hardship is and whether it is resolved or not, you need to at least consider that it might be far better for you to leave your house rather than fighting to stay.
Continue reading...See How Easily You Can Be Scammed
Monday, September 8, 2008
In today's real estate environment, you have to be careful about who you trust. These ten steps will ensure you are not scammed by someone trying to 'help' you.
Continue reading...How to Write a Real Estate Hardship Letter
Saturday, September 6, 2008
Many of the sample letters we've seen on the internet have it all wrong! Keep these 5 tips in mind and you'll get your lender on your side trying to help you rather than rolling their eyes in frustration.
Continue reading...Quit Trying to Save Your Home
Tuesday, August 19, 2008
As much as we hate to admit it, not everyone is going to be able to stay in their home. How do you know if you can? It's actually pretty straight forward because your lender looks at the situation from a strictly financial perspective. When you're in the evaluation stage of deciding whether to stay and fight to save your home or not, you too. Start by asking yourself these four questions.
Continue reading...4 Ways to Ensure You’re Scammed
Saturday, August 16, 2008
Since we've decided to stop counseling with homeowners and negotiating with lenders, we've been looking for other companies that we can feel comfortable referring people to. You see, we feel it's our duty to help you weed out the good from the bad...because there are a lot of companies out there and we have a level of knowledge and experience you don't. We don't want to see anyone get scammed, but if you really want to, here's how to do it.
Continue reading...Banks Don’t Want Your Home
Monday, February 4, 2008
It's natural to think that your lender wants your home when they begin contacting you and demanding your past due payments plus additional fees and costs. However, this is rarely the case. Especially in today's market!
Continue reading...Judicial, Non-Judicial, and Why It Matters to You
Tuesday, January 8, 2008
There are two types of foreclosure: Judicial and Non-Judicial. As you can probably tell from the names, Judicial goes through the court system while Non-Judicial doesn't. Judicial foreclosures typically take longer than Non-Judicial foreclosures. You can usually stay in your home until after the foreclosure sale in either type, but there are significant differences and you don't get to choose...the decision was made when you signed your mortgage paperwork.
Continue reading...
- Home Affordable Loan Modifications Begin--Foreclosure Moratorium Ends
- My First Rant -- The Foreclosure Industry
- Make Your Lender Reconsider Your Mod Eligibility
- Hope for Homeowners Equity Sharing
- Create Your Own Hope Rather Than Putting It In Your Servicer
- HAMP Switches Gears…Away from Mods to “Avoiding Foreclosure”
- The 3 Steps Your Lender Must Take for a Home Affordable Modification
- Called on the Carpet for Denied Loan Mods – Is Wells Fargo the First of Many?
- HomeSaver Forbearance from Fannie Mae
- Interviewing a Professional Hardship Letter Writer
- lisamarie: Everybody fight! If they 'lost' all this paper wor...
- lisamarie: If it doesn't work-it should. Bottom line is, thes...
- jim renfrew: yes i used them we had a three way conversion with...
- Todd Temaat: Unfortunately, you don't have much choice except t...
- Todd Temaat: Thanks for your comment. We have no connection to...
Tuesday, February 23, 2010
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