Translate Page To German Tranlate Page To Spanish Translate Page To French Translate Page To Italian Translate Page To Japanese Translate Page To Korean Translate Page To Portuguese Translate Page To Chinese
  Number Times Read : 336    Word Count: 2008  

Arts & Entertainment
Cars and Trucks
Culture and Society
Disease & Illness
Food & Beverage
Health & Fitness
Home & Family
Internet Business
Online Shopping
Pets & Animals
Product Reviews
Recreation & Sports
Reference & Education
Self Improvement
Travel & Leisure
Womens Issues
Writing & Speaking


Stop Foreclosure Without A Lawyer

[Valid RSS feed]  Category Rss Feed -
By : Brian Anthony    99 or more times read
Submitted 0000-00-00 00:00:00
I've been a real estate agent a long time, and most of the clients that call me to try and save their home are under the misconception that you need to hire a lawyer to stop the foreclosure process. When you're on the verge of losing your home, paying a lawyer $1,000's of dollars is usually not an option. While lawyers are an option, they are not your only option. In fact, if you know just a few simple secrets, you can stop foreclosure Without a lawyer. Let me tell you how.

First a Couple of facts About Banks and Foreclosure:

1.) Banks hate foreclosures: It costs them money, it costs them time and they will never recover their losses if your house goes into foreclosure and the banks have to sell it. In addition, the bank will incur attorney fees, real estate agent fees, property maintenance fees and a host of other expenses that make the foreclosure process an absolute last resort for them.

2.) Banks Employ Real, Live People: I understand being reluctant to try and stop foreclosure Without a lawyer on your home. Many people think of their lender or bank as a large, soulless institution. But the truth is, the people at the bank you will talk to our just that: real people. They'll listen to your situation and will try to work out a remedy that can help them and you. Don't be afraid.

How to Stop Foreclosure Without a Lawyer

If you're going through foreclosure and you haven't spoken with your current bank / lender, you're not alone. In fact, most people who go through the foreclosure process never pick up the phone to try to stop foreclosure without a lawyer. It's understandable. The foreclosure process can be confusing and most people think you need a lawyer to help you sort through it.

Hopefully you're a little less afraid to step out of your comfort zone and try to stop foreclosure without a lawyer. Now you need to know what to say and how to approach the bank when you call them to negotiate:

1. Do not wait until the last minute: If possible, call your bank before you go into foreclosure. If you already are in foreclosure, don't wait until the last month of the process - call them now. If you know you're going to start missing payments, call them ahead of time. Trust me, it makes a difference and shows good faith on your part.

2. Be honest with the bank: If you lost your job, tell them. Huge medical bills? Tell them. Many times a hardship can help you renegotiate, avoid foreclosure and start getting back on track with the bank.

3. Don't be afraid to negotiate: Banks hate losing one of their properties to foreclosure. It costs them huge amounts of money both in lost revenue and expenses for lawyers and real estate agents. Use this to your advantage and don't be afraid to ask for a rate reduction, payment deferments, etc.

What if Your Bank Won't Work With You?

While calling your bank can often solve your foreclosure problems, it is still possible that your bank won't work with you to stop foreclosure. Don't give up!

Even if your bank won't try and work things out, there are still many ways to stop foreclosure without a lawyer. In fact, there are several informational systems available online to guide you through the process of saving your home. Most of these systems cost less than $50 and can give you the tips and tricks a lawyer would charge you thousands of dollars to use.

I've spent countless hours reviewing these systems for my clients. Just make sure you research all of the available systems. There are many scams out there, but the good programs to help you stop foreclosure without a lawyer are worth their weight in gold!

Good luck and don't give up!
Author Resource:- As a real estate agent specializing in foreclosures and HUD homes, I've seen too many people watch their homes fall into foreclosure. I've set up this site to help you compare the available systems to help you stop foreclosure.
Article From Articles Promoter Article Directory

HTML Ready Article. Click on the "Copy" button to copy into your clipboard.

Firefox users please select/copy/paste as usual
New Members
Sign up
learn more
Affiliate Sign in
Affiliate Sign In
Nav Menu
Submit Articles
Submission Guidelines
Top Articles
Link Directory
About Us
Contact Us
Privacy Policy
RSS Feeds

Print This Article
Add To Favorites


Free Article Submission

Website Security Test