Think a Foreclosure Moratorium Will Save Your Home in Spencer County KY?

By
Real Estate Agent with Keller Williams Realty Louisville East (502) 664-7827

Bank of America, GMAC and Chase have recently announced a freeze on foreclosures. Soon thereafter they announced they lifted the freeze and will continue the foreclosures.

There is much confusion in the market.

One thing is sure, however, if the borrower is behind on payments, the lender eventually has the right to foreclose.

The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure.

Please click here for a free report on the Five Steps to Avoid Foreclosure

Posted by

 

 

Dave Halpern, Realtor

The Dave Halpern Real Estate Group

Keller Williams Realty Louisville East

Website David.DavidHalpernRealtor.com

(502) 664-7827

 

 

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Tags:
spencer county ky
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Rainmaker
590,833
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi Dave,

Way to use the news story as a compelling reason to get your information and use you!

Good job

PHil

Nov 07, 2010 04:35 PM #1
Rainmaker
908,388
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Dave, so true, foreclosure freeze is only a delay in time and will not protect a homeowner in default.  Good point, and like your ebook. 

Nov 07, 2010 05:08 PM #2
Ambassador
2,759,162
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Good morning Dave. Good points. I agree with what Pamela and Phil said...

Nov 07, 2010 08:30 PM #3
Rainmaker
986,178
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Great post with great information. Those steps are definitely useful.

Nov 08, 2010 10:31 PM #4
Rainer
36,937
Street Russell
Short Sale Asylum - Louisville, KY

Good day, fellow Louisvillian! You mean the moratorium isn't the absolute end of all foreclosures for the rest of time!!!

Okay, enough of the 3rd grade sarcasm for me. You've been in the business long enough too to understand what the banks are doing and how they run their companies. This isn't the first moratorium we've seen on a wide scale during the foreclosure crisis and I am certain it will not be our last. "The best predictor of future behavior is past behavior!" - Dr. Phil (with a Texas accent).

Nov 09, 2010 12:02 AM #5
Rainmaker
2,920,690
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Dave, The next thing distressed homeowners may begin to believe is that the lenders will not foreclose during the holidays. I certainly would not “bank” on that. Homeowners in financial distress need to take action to avoid foreclosure.

Nov 09, 2010 09:39 AM #6
Ambassador
1,230,548
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Great idea to put this information in writing. You know the media does a job on the common consumer so that they think that they are immune to foreclosure.

Nov 14, 2010 02:27 AM #7
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Dave Halpern

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