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Loan modification, foreclosure defense, short sales and other strategies for the burdened homeowner

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What you should keep in mind about mortgage loan modification

One mistake many of you make is to avoid lenders if you are falling behind on mortgage payments. Like we have all known since our childhood, ‘honesty is the best policy’, it really does work in such a situation. When you have something that you fear, face it and you will find a way to… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 7- 30 days to sheriff sale quick action plan

If you have 30 days or less before your house is scheduled to be auctioned off, this constitutes an emergency. You have to do something quick to start a short sale and if necessary you need to also consider and start researching immediately ways to delay the sheriff sale further. Article continues below The first… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 6- Tips for getting hardship package evaluated

Today we’re going to talk about the number one way to have your short sale be tabled by a lender and never be completed. We’re also going to talk about how to make sure that does not happen and how to make sure your home is your lenders top priority. To add register request in… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 5- Filing an answer and continuance

Today we’re going to talk about the best way to file an answer if you live in a judicial foreclosure state. I talked about filing an answer in the delay strategies in the last lesson and I wanted to go into more detail because this is a practical thing you can do that may very… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 4- 15 ways to delay foreclosure

Today we’re going to be talking about ways to extend the time you have in foreclosure. I’ve come up with over 15 different ways to delay foreclosure. If, for some reason, you found one that I haven’t included, fill in the feedback down at the bottom of this page to let me know. I’m going… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 3- How much time do I have?

Today we are going to be talking about how much time you have and how to find out how much time you have. This is a very important question that has probably drilled itself into your mind if you are in foreclosure. Many people at least if their state does judicial foreclosures will get a… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 2- Short sale benefits and drawbacks

Today I want to go over the question: Is a short sale right for you? Today will be a little shorter than yesterday, and I’m not going over so many options. I’m just going to cover pluses and minuses of doing a short sale. The benefits of a short sale are the following: Short sale… Continue Reading

Short Sale E-Course- Segment 19: Follow up on alternative ways of collecting money

Variations on rebate method I promised to go into a further discussion of some of the non-recommended variations of collecting money in a short sale process, there’s a lot of ways to do it. Real estate is complicated and there’s so many ways to make money in real estate. In general you’re slightly more limited… Continue Reading

Introduction To Loss Mitigation Concepts Course- Lesson 1- Options: Selling Your House

Lesson 1 Options: Selling your house   If you have chosen to move you have plenty of options. You may want to use a delay option along with any of the move options to facilitate a sale and to facilitate your move. A note regarding litigation which I mentioned in two of the previous strategies,… Continue Reading

Introduction To Loss Mitigation Concepts Course- Lesson 1- Options: Delaying Foreclosure

Lesson 1 Options: Delaying foreclosure Let’s cover some of the strategies for delaying foreclosure. There are many different ways to delay a foreclosure and I recommend that you combine these strategies along with a stay in your house strategy or a move out of your house strategy that I have. Delaying can be necessary when… Continue Reading