The myths that people believe will save their homes from foreclosure are:
- ignoring it
- investors
- listing with a realtor
- filing bankruptcy
- refinancing
Myth 1 Ignoring the problem
Ignoring the problem is definitely not the way to handle the dilemma of foreclosure. Ignoring increases the chance of the homeowner getting thrown out with no place to go. Believe it or not, the foreclosure may keep you from getting other housing, as well. Believel me, there are options. Visit www.freedomforeclosure.com/taylorbrown to discover options.
Myth 2 Investors
Relying on investors to bail the homeowner out is definitely not the answer either because some investors are asking the overburdened homeowner to sign over their deed. With doing this, the homeowner not lost the equity in their home, but this practice may cause the homeowner to be in more debt and in a worser situation than when they started. Please visit www.freedomforeclosure.com/taylorbrown for options. One option that is available through my company is assisting the homeowner with private money investors that will look out for your best interest and help you stay in your home.
Myth 3 Listing with a Realtor
Listing with a realtor does not stop foreclosure. Most realtors do not want to list your home with the threat of foreclosure. Most realtors do not want to list the home because of the cost of advertising a home that may not sell for what you owe. It takes a realtor that is familar with handling this type of situation. It also will take a homeowner who understand that the objective is to get them out from under the mortgage before the bank forecloses. This means that the homeowner must open their mail from the lender, so that the realtor would know how aggressive their marketing plan must be to get the home sold before the foreclosure. The homeowner must also realize that they may not get a profit off of the sale of the home. Profit loss or gain depends on how aggressive the lender is on the foreclosure of the property and this varies from lender to lender and state to state.
Myth 4 Filing Bankruptcy
Filing bankruptcy may not stop foreclosure because the homeowner must make the bankruptcy payment and their mortage payment. If the homeowner does not keep up with their payment their home cn still be foreclosed on. What the lender will do if a payment is missed is file a "Stay of Relief" to continue with the foreclosure. This will cause the total arrearages to be due and the homeowner is still paying the bankruptcy payment if they can afford to. However, the reason for the bankruptcy may have been to save their home but because they missed a scheduled mortgage payment to the lender during the bankruptcy they are still being foreclosed on. If you are 3 to 4 months behind on your mortgage visit www.freedomforeclosure.com/taylorbrown to weigh all your options before filing bankruptcy.
Myth 5 Refinancing
Refinancing may be an options if the homeowner qualifies fo the loan; however, be aware that some loan officers may wait unitl the day before the sheriff's sale to tell the homeowner that they could not refinance their loan. It is important to view all options by visiting www.fredomforeclosure.com/taylorbrown.
The goal of my company is to help you - the homeowner to stay in your home if possible and to stop or avoid the foreclosure. It is important to note that my company has a 98.5% success rate of resolving homeowners problems without the homewoner having to pay th entire deliquence. Please visit www.freedomforeclosure.com/taylorbrown to request a free evaluation. We will assess your situation, and give you the best advise for your situation. Remember you are under no obligation. I look forward to hearing from you. I do hope this information was helpful.
Also visit www.taylorbrownrealestate.com
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