Tag Archive | "negotiation"
Your Secret Weapon
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...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...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...Sample Hardship Letter for Foreclosure
Monday, February 18, 2008
As part of your hardship package, you will be required to submit a hardship letter. This is your opportunity to tell your story to the lender's negotiator. While you want to maintain a professional tone throughout the letter, you need to show your personal side and the struggles that put you in the financial situation you're in and put your home into foreclosure. Use this sample hardship letter to begin the process.
Continue reading...Project Lifeline Gives You 90 More Days…maybe
Tuesday, February 12, 2008
If you're 90 days or more behind on your payments, regardless of whether you've tried to negotiate a workout plan with your lender in the past or not, you may now have an additional 30 days to negotiate...if you're not in bankruptcy or have a foreclosure sale within 30 days, that is. But you have to ask for 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...Discover How to Decide
Wednesday, December 12, 2007
Many homeowners can negotiate their own workout agreement with their lender. It takes persistence and determination. There are pitfalls to be aware of too, though. Find out if you are in the group that has a high likelihood of success or if you could benefit from some extra guidance and hand-holding along the way.
Continue reading...- Todd: The bottom line is that once the home is sold, it'...
- Todd: First of all, just because the bank says you CAN s...
- Todd: I'd recommend going to your state attorney general...
- Jane Stewart: Dear Todd, We got behind on our mortgage and was ...
- D Weaver: I applied for the Home Modification program last m...
Tuesday, December 16, 2008
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