Save My Home From Foreclosure | DO-IT YOURSELF »
Posted By foreclosureking 1 year, 1 month ago in Business & FinanceDid you know that you can stop foreclosure yourself without the help of expensive lawyers or loss mitigation experts?
Homeowners who need help to stop foreclosure are usually unaware that they can stop foreclosure themselves without having to hire expensive lawyers or expensive foreclosure prevention companies. Anyone can stop foreclosure if you possess the knowledge.
Foreclosure prevention companies are making a fortune off of unsuspecting homeowners who are facing foreclosure. These companies lure you in by offering to negotiate a workout plan that will stop foreclosure or modify your loan but in reality the services that they perform are extremely simple and can be done anyone.
What about attorneys? Sorry but, they aren't much better because they offer to stop foreclosure by having you file bankruptcy. But,filing bankruptcy has additional consequences that need to be explored before doing so. Chapter 13 may temporarily postpone foreclosure but this may be worse than foreclosure in the future.
By filing bankruptcy, you will be be giving up any chance of negotiating a stop foreclosure plan with your lender. Lenders are willing to discuss options that will stop foreclosure before you file bankruptcy but afterwards they have less reason to. Plus, once you file bankruptcy to stop foreclosure the lender can still petition the court for a lift of stay, this means that they could still foreclose. Even if you're successful in having the court grant you foreclosure protection via chapter 13, you better not be miss or be late on a payment because if so, you will lose your foreclosure protection granted by the bankruptcy and your lender will foreclose and they will NOT consider any negotiations.
In addition, if you choose to stop foreclosure by filing chapter 13, you need to know that a bankruptcy remains on your credit file for 10 years and will prevent you from being able to apply for another mortgage for as many as 3 years.
The best way to prevent foreclosure is to stop foreclosure dead in its tracks. You don't have to file bankruptcy or hire a foreclosure prevention firm to stop foreclosure, you can do it yourself!
"The Foreclosure Prevention Guide", written by a former senior foreclosure consultant, the downloadable ebook contains specific information on how to stop foreclosure for individuals who decide not to hire a foreclosure consultant firm or a lawyer.
The book has step-by-step instructions on how to stop foreclosure. It also explains the entire foreclosure process in detail for greater understanding of why it is possible to stop foreclosure in the first place.
This revised version also contains a hardship letter, a state by state redemption chart showing how long a homeowner has to redeem his home before the bank repossesses it for good and a financial info sheet that's required by lenders. The how to stop foreclosure information also comes with a free credit repair book.
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