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Foreclosure Prevention Tips #11 through #15 (Part 3 of a 4 Part Series)

By
Real Estate Agent with Grampp Realty: Real Estate in the Quad-Cities Iowa : # S40848000

Scott County iowa REALTOR Foreclosure Prevention

Foreclosure Prevention Tips #11 through #15 (Part 3 of a 4 Part Series)

Part 3 of a 4-Part Series. 

http://activerain.com/groups/foreclosure 

PLEASE NOTE: Homeowners in mortgage foreclosure are STRONGLY encouraged to retain the help of a competent real estate attorney.

Tip #11) DO hire/retain competent legal counsel! The foreclosure process is a very complicated and difficult one. It is imperative that you retain the help of a real-estate attorney who is familiar with foreclosures, and the methods of delaying them. You should consult with an attorney as soon as you receive the first notice of delinquency from your mortgage lender.

Tip #12) DO seek the help and advice of a competent REALTOR who is familiar with "Mortgage Loan Work-Out Program" alternatives and the "Pre-Foreclosure Short-Sale" process. They will be more than happy to assist you by providing you with the information/advice necessary to make the right decision for your particular situation.

Tip #13) DO take advantage of federally-funded homeowner assistance programs provided through H.U.D. (U.S. Dept of Housing and Urban Development) that can explain your alternatives to foreclosure, and direct you to programs designed to help the financially troubled homeowner avoid foreclosure.

Tip #14) DO contact your mortgage lender immediately when you first face economic difficulties that prevent you from making your monthly mortgage payments. During periods of short-term unemployment or other financial difficulty, most lenders will be willing to work with you---As long as you can get back on track within a period of one year or less.

Tip #15) DO maintain complete and accurate records of all correspondence (mail, phone calls, legal notices, etc) received from your mortgage lender in regards to your loan delinquency and the foreclosure proceedings being conducted against you. It is important that these records are maintained so that your attorney can provide you with a legal defense against the foreclosure process, and delay the sale of your property as long as possible.Grampp REALTY Foreclosure Help and Prevention                                                                                     

Paul David Hiebing, REALTOR®,  "The Quad-Cities Premier First-Time Homebuyer's Specialist"

HUD Approved Foreclosure Counselor. Do Not Lose Your Home to Foreclosure! Call me for the help you need!

"Call Paul" TODAY @ (563) 508-1649 For All Of The Details!!! 

Licensed REALTOR® in the State of Iowa since 2000.

Licensed REALTOR®-Broker in the State of Illinois Since 2001.

Grampp Realty of Bettendorf, Iowa
2500 18th Street
Bettendorf, Iowa 52722

Website: http://activerain.com/pauldavidh0426

Office Phone:(563) 359-4401 Ext # 264
Cell Phone: (563) 508-1649
Office Fax: (563) 359-4405

Homeowners in mortgage foreclosure are STRONGLY encouraged to retain the help of a competent real estate attorney.

Posted by
Paul David Hiebing, REALTOR®

"The Quad-Cities Premier First-Time Homebuyer's Specialist"
 
"Call Paul" @ (563) 508-1649 for all of your real estate needs.

Licensed Real Estate Agent in the State of Iowa 
Licensed Real Estate Broker in the State of Illinois

Grampp Realty of Bettendorf, Iowa
2500 18th Street
Bettendorf, Iowa 52722
Office Phone:(563) 359-4401 Ext # 264
Cell Phone: (563) 508-1649
Office Fax: (563) 359-4405

Comments (5)

Paul David Hiebing
Grampp Realty: Real Estate in the Quad-Cities - Bettendorf, IA
Quad-City REALTOR®, @ Grampp, Realty of The Q.C.
GO TO:  http://activerain.com/groups/foreclosure for all four parts in the series.
Apr 18, 2007 01:22 PM
Paul David Hiebing
Grampp Realty: Real Estate in the Quad-Cities - Bettendorf, IA
Quad-City REALTOR®, @ Grampp, Realty of The Q.C.

For more information on how to avoid foreclosure of FHA Insured Loans, go to the official website of the U.S. Department Of Housing And Urban Development (HUD):

http://www.hud.gov/foreclosure/index.cfm

Apr 22, 2007 04:21 PM
Brian Piper
Jacob Dean Mortgage - Vienna, VA
BestVirginiaHomeLoans.com

Tip #12) DO seek the help and advice of a competent REALTOR who is familiar with "Mortgage Loan Work-Out Program" alternatives and the "Pre-Foreclosure Short-Sale" process. They will be more than happy to assist you by providing you with the information/advice necessary to make the right decision for your particular situation.

 

And how would someone know if a realtor is competent and familiar with work-outs and short sales? If you look at the advertising, they all are. I have not found a loan officer or Realtor who DIDN'T say they specialize in these areas.

Oct 16, 2007 02:53 PM
Debra Kukulski, Broker Associate
RE/MAX Suburban - Cary, IL
SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL

Back again, Paul!  I think it is so VERY important that homeowners facing foreclosure do need to contact both a tax adviser and attorney so they are aware of everything.  Realtors can not give legal o tax advice.

Mar 31, 2009 02:35 AM
Margaret C. Taylor
Century 21 New Millennium MD - Mechanicsville, MD
St Marys/Calvert/Charles MD Real Estate Agent

Thank you again Paul.  Sorry more people don't seem to be appreciating the importance of this information.  Margaret C

Jan 15, 2010 01:58 PM