Tag Archive | "workout plan"
Some Houses Shouldn’t Be Saved
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...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...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...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...
Monday, September 15, 2008
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