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According to Ohio congresswoman Marcy Kaptur as interviewed on LouDobb.com on CNN.com, if your lender tries to foreclose on you, hire an attorney and fight back!  Stay in your house, do NOT move out.

In this CNN clip called "Fight Foreclosures: Be a Squatter!", check out the video here:

http://www.cnn.com/video/#/video/us/2009/01/30/griffin.mortgage.squatting.cnn

(I guess I need to learn how to insert the entire video into my blogs, don't I!)

NOW, before you get all riled up and "squat" in your house, BE SURE YOU HAVE AN EXPERIENCED ATTORNEY HELP YOU!  And do it BEFORE the foreclosure sale date -- AT LEAST 2 weeks before.

Yes, there are companies who are knowledgable and have retained top attorneys to assist homeowners like yourself.  I can refer you to one of these top companies which has a proven track record.  Just email me REGINA @ BROWNBIZ.NET (remove the spaces).

The bottom line:  If you can afford to pay your mortgage, pay it.  If you can't afford your loan payment, but your lender is willing to work with you, then cooperate.  But if your lender is not cooperative, do NOT abandon your house.  Especially if you and your family don't have anywhere else to go.

Here is the amazing story of one homeowner fighting back against giant lender Citibank:  http://activerain.com/blogsview/921762/Citi-using-Taxpayer-Bailout-Funds-to-deny-Loan-Mods-and-Foreclose-on-Cooperating-Homeowners

Join my new AR group and post your blog at http://activerain.com/groups/virtualoffice

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"

Text copyright © 2009 R.P. Brown, All Rights Reserved

Regina P. Brown
Broker, Realtor®, e-Pro
California DRE # 00983670
Join & post to my NEW ActiveRain group at http://activerain.com/groups/virtualoffice

www.CalCoastCountry.com

   

www.RealtyProAcademy.com

             

Text copyright © 2011 R.P. Brown, All Rights Reserved

Page copy protected against web site content infringement by Copyscape  

 
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9 Comments on Bank Foreclosing? Don't Move Out! Stay in your Home

FEB
02
2009
118,025 Points 1 Featured Post

Good advice, I thought.

Homeowners are giving up too easy.

 
12:03am • #1
469,487 Points 3 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Here on the east coast I have found in the first few months lenders are threaten foreclosing ;but later are working with doing mortgage loan modifications after 4- 5 months..hope this is helpful
11:57am • #2
427,829 Points 32 Featured Posts Outside Blog

I would certainly agree that having an experienced attorney on this one is a good idea.
12:17pm • #3
228,471 Points 10 Featured Posts Localism Sponsor

Hannah, yes some lenders are cooperating with the borrowers to do loan modifications, but unfortunately most of the new loan payments aren't much more affordable, and the borrowers have been going into default again.
7:29pm • #4

Good advice. Too many are too humiliated and devastated to think of fighting the banks. I don't have much sympathy for the flippers though. That era is gone and good riddance. Now it's back to the genuine flippers who know what they're doing and have for years.
8:37pm • #5
FEB
03
2009
228,471 Points 10 Featured Posts Localism Sponsor

Chris, homeowners need to fight for their homes.  They need to make financial arrangements with their lender, but if their lender doesn't cooperate, they need to stand up and fight!  A home is more than just a place to live, it's where we raise our families.  It's a stable environment for our kids.  It's a good community and neighborhood.
9:40pm • #6
FEB
07
2009

During the Depression, long ago, my Grand Dad often told the story of what happened at many of the Farm Auctions in the Midwest.  The date was set for the auction and all the neighboring Farmers showed up at the auction, with firearms in hand.  The properties never sold.  Makes one wounder what would happen if the bank held a foreclosure sale and no one showed up? Maybe the Realtors should consider banding together tocreate a Moratorium on Foreclosures?
Steve
3:09pm • #7
FEB
16
2009
136,933 Points Localism Sponsor Hit Router

Excellent post on facing foreclosure.  Your blog has great information.
7:29am • #8
228,471 Points 10 Featured Posts Localism Sponsor

I agree this is a hot topic!  Thanks for stopping by.
11:32am • #9

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