If you’re in the midst of a foreclosure process or about to be then you may or may not have contacted an attorney for assistance. Or you may not be able to afford an attorney and have to go it alone. Well there are a number of things you can do to prevent foreclosure, delay or even stop foreclosure. Some are well known foreclosure solutions and some are well-kept secrets.
There is one technique that is only recently being used by homeowners who are faced with foreclosure right now. Many attorneys don’t know about this trick and certainly it wouldn’t occur to most homeowners who are not involved in real estate or real estate financing.
Some attorneys get all caught up and spend lots of time trying to save a foreclosed home and hopefully not to just rack up hours but one may often wonder. Homeowners are usually desperate to do something to save their home. It’s good to know that most lenders do not want the home back and would rather help you find some way to keep it. They are already inundated with thousands of homes and foreclosed loans as it is.
Okay I’ll get to the four words. It seems so simple when you think about it but this has already helped prevent foreclosure for thousands of homeowners already.
And here it is. The four words are: “Show Me The Note.” Now you’re asking for the original note and paperwork and believe it or not, most lending institutions have a difficult time finding the original notes and many weeks or even months can go by before they produce it. This may work if you’re in any stage of the foreclosure procedure or process. Because the paperwork is usually hard to find, this delay or stop tactic may be enough to help you buy time to turn the situation around.
In 2007 a federal judge actually threw out 14 foreclosures by a well-known bank because the bank couldn’t come up with the original notes.
Remember the lending institution, bank, or mortgage company really doesn’t want the property back. Discuss this with your attorney if you have one. I have talked to several who had never thought of asking for the original papers you signed with the note. So this may be worth a try and pass this on to others you know who may want to prevent foreclosure or pre foreclosure or stop or delay it if it’s in progress.
For tips and secrets about foreclosures, reverse mortgages or finding the best home loan or home mortgage go to http://www.Real-Estate-Financing-Tips.com for real estate financing tips, trade secrets, help, quotes and resources including refinancing, creative financing and bad credit real estate financing
[tags]real estate,home,mortgage,note,foreclosure,avoid,stop,delay,prevent,how to stop foreclosure[/tags]
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