Don't Stop Foreclosure - Hire an Attorney? Information provided by and is the sole position of Real Estate Agent Test Drive - Know Your Rights - visit any local attorney in your city for a free initial consultation!
The larger your house note, the more money you can make. You can actually live in your home for up to 24 months or longer and never pay another payment. You do the math. The math does not lie. If you tried to work out a reasonable plan with your delusional mortgage company - Stop. Stop stressing and start planning your future. If you have equity or the bank thinks that you have any equity in your property/home, I bet that your mortgage company told you that you had until a certain date to pay your mortgage. All the time they were secretly charging you for Broker Price Opinion (BPOs) and Attorney fees all while having your home evaluated and inspected. Then next, I bet they called just days before you could make your payment to tell you that your home is now in foreclosure and that they will not accept your payment. It happens everyday in this country, so I do not feel sorry for the banks. They are not telling the truth to the media. It's nice to be able to call your attorney and hear the words: "The end of your stall in nowhere in sight!" That's because the banks have their hands full with millions of foreclosures that are not being defended. Defend your home! The federal government is not telling you the truth! It will be years before this mess is cleaned up. Hire a competent attorney and the banks will put your loan on the back burner as it is to difficult to deal with logistically and administratively. It is also estimated that the banks also lose over $50k per foreclosure. If you have an Attorney, they will lose even more. Help them lose more! Know your rights! They will also then attempt to negotiate with you! Some homeowners are reportedly receiving 50% off their current mortgages and fixed rates! This is why homeowners who pay their notes in a timely fashion are furious. They know that some are receiving a much better deal! It's not your fault. It's the system that is in place and it is your right to defend your home. Know Your Rights!. Some homeowners who are not having hard times are are learning of and taking advantage of their rights because that are now losing their jobs! Don't blame homeowners! Blame the U.S. Federal Government! The Entire System is corrupt!
So to further add injury to insult, our government decides to give billions of dollars to those very same banks that are robbing you blind. In fact, the moment you stop placing your family in the "Position of Weakness" frantically begging for assistance and mercy, the mortgage company will want to negotiate with you. Vultures are swarming and you need a strategy to take care of your family and your future. You can actually own a better home or even end up with two or even multiple properties at the end of the process. In fact, do not worry, as long as you save your money, you will be able to buy many homes. Take advantage of this market! Invest in rental properties and hold down the fort even if you have a break even strategy! Invest in anything except for 401ks and mutual funds or stock because you will lose the shirts off your backs - the worse is yet to come!! I know, sounds un-American huh? There really is an astounding opportunity to make money in this market. BTW: never give away your equity to flippers and other "Stop Foreclosure Companies" to just "get rid of the stress - because the banks will still come after you anyway - not them". Their are many traditional attorneys and even real estate firms that now offer short sale and other foreclosure assistance and have short sale/loan modification strategies/programs/plans Do not use any company that offers to buy your home as they are usually not looking out for your best interest! They can see the business end of the business and you cannot. They have an unfair competitive advantage, which stops today! They see your profits in their pockets. Do not "Give Up". "Never Quit" until the fight is over! Call 1-888-231-9441; 24/7 and let us show you how to save your home and/or make money at the same time and remember "Nothing Is For Free".
Short Sales are a Joke (Literally)! Banks are shopping contracts! Banks are not responding to offers leaving American families stressed and in limbo. The process is vicious and ruthless. Some Realtors may be unknowingly helping the banks shop the loans. I believe that real estate agents should stand up for the public. They are now viewed as desperate like rats on a treadmill as they are use to receiving bank hand-outs (peanuts), while the banks and mortgage companies make all of the money! Now I know why real estate brokers wanted into the lending game! It's about greed and they wanted a piece of the pie. They as an industry sold us all up the river. I mean the guys on top sold us out. They took the money and ran. The Real Estate industry fought quietly for you, but should have taken their concerns to the general public. Now everyone is jaded and the market has imploded. Truly - real estate agents are not the problem! Most agents work for brokers and were just trying to make a decent living while following the rules of the game, which they did not create. Blame the Brokers! To have an optimal chance of selling your home, you really, really need to consider using the services of a Realtor! In this market, anything else is a "Lose-Lose" situation for you!
Loss Mitigation - Go Save Your Own Meltdown!
Banks and private mortgage companies are now also in a position to implement loss mitigation strategies, but once had zero desire to do so until they received our bailout money. Now the banks have the bailout money; still own the homes; will control your destiny and make more money implementing loss mitigation strategies, which they see as a new financial revenue stream! Remember when you begged the bank to give you a forbearance and allow you to "Just Start Over"!. Of course, they refused. They knew and have known for years that the market would fail and we would bail them out!. They also knew that in the end they would control loss mitigation. There were many warnings of the pending failure/crash of the industry because of the Subprime game and I mean adjustable rates that were forced upon homebuyers. It was once stated to me that you can have a loan as long as it is a 2/28 Adjustable Rate Mortgage (the dreaded arm). Million of homeowners were told that a fixed rate was not an option and that they had to wait two years before they could modify or move to a fixed rate. They were also told that if they did that they had to pay a pre-payment penalty. So it really was take the deal or lose your home in some cases! Well, guess what happened! Two years later many lives unraveled and two years after that the market began to unravel. Homeowners, could not get that much needed/promised refinance package/assistance! They (Mortgage Companies) mislead homeowners and said that the loan programs were structured as such in order to allow homeowners to take advantage their special Subprime programs; of a growing market and skyrocketing future home values and income. We all now know this to be a complete fabrication. They took the money and ran - better yet are retiring with multi-million dollar bonuses; living in waterfront mansions and driving Jags, Beamers and Porches - Scott Free!
We had no choice! Owning a home was really not the issue. The system was and is the only issue! Now, well off homeowners who bought in expensive exclusive communities have friends short selling and losing homes in those communities. Values have plummeted and now a class of people, who once could not get through their community gates are now living next door to their families and they are terrified. How did this happen? Not only did the financial, ethnic and moral landscape of their communities change, their home values are literally gone. Leaving them completely upside down and forced to become prisoners in their own homes. On top of that in many communities builders have abandoned many projects and even entire communities. In other communities, builders have under cut home owners, who now feel betrayed! The are doing everything that they can to unload their inventory, but for the "Great Depression" arrives in the near future - like next year! Better yet once financially sound homeowners, can now purchase a new home and join the foreclosure club by letting their old home mortgage go, then foreclose all while renting it out and actually making money! Boy you want to talk about a redistribution of wealth.
Finally, Non-Profit agencies are positioning themselves to assist you. Use one and save money plus eliminate potential upfront fees out of your pocket. Beware of Frauds and Thieves! But remember that even Non-Profit agencies receive Federal Grants to assist us for Free (sort of - as ultimately, they are paid by us). You are getting screwed in the process and now the banks have no reason to sell a home before receiving financial guarantees from the government (us) along with control of the loss mitigation process! There really should be a six month forbearance on home foreclosures nationwide! We recommend that you use a HUD backed/funded non-profit loss mitigation company to broker a loan modification with your bank or mortgage company! Real Estate Agent Test Drive, also recommends that you hire a traditional foreclosure legal firm to defend your property although some community agencies are now offering such services! You can also visit your local legal aid office for assistance and more information on identifying loss mitigation scams!
The banks and power real estate brokers win all the way around!
Buyers: Please remember homes are still being bought and sold in your town/city everyday! Buyers now is the time to buy! Ignore the economy! Make money today by harvesting instant short sale equity as the market will eventually turn in years. Implement a break even strategy, then increase your rent as the market rebounds! It always does! This really is an opportunity to get rich or die tryin!
Sellers: There are zero guarantees in this market, but we can help you sale and/or short sale your home if you must, but time is of the essence! Please remember homes are still being bought and sold in your town/city everyday! Why not yours! We can help you change your life and facilite your transition. One last bit of information. If you have been served a Notice of Default (N.O.D.), you have 20 days to respond. Time is of the essence! You must respond!
*DISCLAIMER - We are not attorneys. The information contained on this website is provided for informational purposes only and is not intended to be construed as legal advice.