Are you Facing Foreclosure?

Real Estate Broker/Owner with Success Realtors brokered by eXp Realty WI 55262-090

You just may be... and don't even know it!

House in Hands

As a foreclosure intervention specialist in Kenosha, WI; I understand your options when faced with foreclosure. I started my Real Estate career in Kenosha as a mortgage lender. As a loan officer I helped hundreds of people buy homes, but was unaware in the beginning of my career how financially illiterate most home owners are. I found that people from all walks of life ranging from laborers to accounting professionals really had no clue how money really works.

It wasn't until I read Robert Kiyosaki's book,RICH DAD, POOR DAD that I began to realize that I really had a responsibility to practice and teach financial intelligence to any client's that were willing to listen. I also realized that people all too often buy beyond their means, and that the entire real estate industry teaches them it is OK to do so.

The fact is, most home owners are a few paychecks from foreclosure. If one member of a two income household becomes ill, or looses their job, financial distress comes quickly. My eyes were opened, and I realized that bankruptcy and foreclosure weren't just things that happen to "the other guy" or to "deadbeats" but that GOOD people often faced what seems to be insurmountable financial woes.

This realization helped with my decision to get in the the REALTOR(R) end of the real estate industry in Kenosha.

I suddenly became aware of my need to HELP PEOPLE who are facing foreclosure.  Here are a few facts you may not know about FORECLOSURE in WISCONSIN.

#1 Your lender may file a LIS PENDENS and start a foreclosure action when you are as little as 60-90 days past due. Their LOSS MITIGATION department's job is to help the lender, not to help you. If they can get the borrower to make arrangements to get fully re-instated it is in the lender's best interest. Lenders are not in the business of owning real estate. However, there are lenders that know they are going to have to foreclose and will make arrangements with the homeowner that cannot be fully met. The homeowner will often make a large payment, but not be able to keep up with ALL of the reinstatement agreement payments. These agreements are most often verbal and are not binding on the part of the lender. So there is a chance of you paying thousands of dollars and still loosing your home

#2 When served with foreclosure papers, you are most often given 20 DAYS to file a written answer that satisfies the requirements of the court. If you do not provide this answer, or it is an inadequate answer, the lender will move for a DEFAULT JUDGMENT and your opportunity to CONTEST the foreclosure will be FOREVER LOST. Make sure you consult with an attorney IMMEDIATELY if you have any intention of fighting your foreclosure.

#3 Once a judgment is entered, you only have 90 DAYS (180 if homestead) to REDEEM your home from foreclosure by paying your mortgage off in full. Many lenders will not allow reinstatement after this judgment is entered. If they do allow a reinstatement, be very careful and consult with an attorney to make sure the case is RE-OPENED by the lender and dismissed, otherwise you may find yourself in a situation where you lender can have your home sold at sheriff's sale at a later time without refiling a foreclosure action.

Here a few pieces of advice for your if you are in foreclosure

A.  DO NOT INGORE THE PROBLEM - Get help from a competent professional. The longer you wait to take action, the less options you will have.

B.  BEWARE OF SCAMS - There are many "investors" out there who want to buy your home for DIRT CHEAP and take advantage of your situation. NEVER EVER pay an investor a fee to "TAKE OVER" your mortgage. This is a scam known as equity skimming and will leave you withour a home.

 For more information - go to and check out my FORECLOSURE INTERVENTION information.

I am a dedicated professional who can point you in the right direction.

Ralph D. Nudi - Foreclosure Intervention Specialist

Weichert, Realtors - Unum Properties

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Ralph D. Nudi


Success Realtors



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Ralph Nudi

"YOUR success IS our success"
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