Stop Foreclosure. The Foreclosure Prevention Plan

We can help stop foreclosure. Follow our foreclosure prevention plan.

Stop the Sleepless Nights and Stomach Aches!
…this is not a Pepto Bismol commercial
ForeclosureProblemSellNow.info

What’s that? Is your phone ringing? Is it an UNKNOWN caller? Did the hair on the back of your neck just stand up and your stomach just turn? Yes, it the mortgage company calling to let you know your mortgage payment is late… again.

Are you facing foreclosure? Is the bank breathing down your neck? Do you have a pile of bills that you try not to look at? Is time running out?!

I ask these questions because I once was faced with a similar situation and I know what it feels like and I know it sucks! I tell you this because I want you to know that bad thing and hard time can fall on the best of us. What you are facing today does not have to define your life.

In fact if you are faced with loosing your house, it may be your biggest investment but you need to realize that some of the countries biggest financial icons like Donald Trump, Robert Kyosaki, Dave Ramsey, Willie Jollie and myself have been in financial straights as bad and possibly worse than yourself.

Willie Jollie said it best in his book “a setback is a set up for a comeback” and you have the opportunity to change everything in your life in the moment of your decision. The best thing you can do when faced with major hardship is make your decisions wisely at this moment in time.

It is critical that you put this moment in time behind as fast as you possibly can. The biggest mistake I see people make when faced with foreclosure is holding on to the property until the final hour. Many hold out feeling like they may get that offer that will allow them to pull all the equity out of their property and set them selves up for a restart.

Lets discuss a few options for selling your house and/or stopping your foreclosure dead in its tracks. In the event that you have regained your former income you can always bring the loan current. If for some reason you have lost your income or it has been drastically reduced here are a few options:

a.) Work out a forbearance plan- or written agreement with the bank to reduce or
suspend monthly payments for a specified time.

b.) Sell by way of Short Sale- where the lender agrees to discount the loan to a
prospective buyer due to your financial hardship.

c.) Deed in Lieu- Allows a homeowner in default to sign the property back over to
the bank.

d.) Loan Modification- Changing the terms of the loan to be more palatable for you.

e.) Sell to a CASH buyer-
The challenge I see some people face while holding out for leads until the final hour is it’s possible to loose the house because their buyers purchase was contingent upon bank financing. If you are selling your home when faced with foreclosure you must only sell to a cash buyer that can close quickly.

You should be looking for a buyer that can close in 7-21 days and can close with CASH! Once you set a closing date if your buyer needs to extend the closing, give only one short extension of 3-5 days and if your buyer still cannot perform then move on to the next CASH buyer.

If your buyer has trouble closing and begins to ask for multiple extensions it is safe to assume that the buyer may not be using his own cash and you run the risk of being strung along. The longer you wait the deeper your troubles could become.

Selling quickly in this scenario is not a “sell out”; you must look out for you and your family’s best interest. You want to stop the bleeding quickly so that you can begin the rebuilding process sooner. I will tell you from experience that you can rebuild twice as fast if you can do it from a worry free, stress free, creative place. It can be difficult to be creative when the Bank is banging down your door.

Remember this is only a moment in time and “this too shall pass.”

You can read more about stopping foreclosure in my Free Report
“The 5 Fastest Ways to Stop Foreclosure in 48 Hours or Less”

You can get this report at www.foreclosureproblemsellnow.info

David Montelongo