HOW TO BEAT FORECLOSURE

71

By Jeromeo

Stop Worrying ...You Can Help Yourself

The information you are about to read is very simple to understand. It's a strategy to help you keep your home. I am a Para-Legal. The following story is true: After working with a neighbor who was trying to save his home we were able to stop foreclosure of his $343,000 worth of real-estate holdings, using a simple strategy that DACS, formulated to assist him in his dilemma.

He had gone back and forth, with the service company until finally he made the mistake of with-holding three months worth of mortgage payments. When he came to us, he had received a notice of foreclosure sale. In ninety days his financial situation would be bust; he would lose his real estate holdings .

Then with one simple, [Pro SE] legal maneuver the situation was forced into arbitration which, as a result of a firm legal position worked out to our clients favor. This is a strategy that you can use and when properly applied will work for you.

There is a limited need for the services of a Licensed attorney. But by laying the ground work and eliminating the need for $250.00 an hour paper work fees, you save money, and save your home.

This is a strategy you can use to stop foreclosure, of your home in it's tracts. You can also avoid Filing Bankruptcy by employing this method.

Beware of adds ,posted on this Hub, that say that offer free services. At the end of the process you will find an attorney waiting to take your money. BBB, just means they belong to that group, not that you definitely won't be charged down the road.

Simply put my neighbor had negotiated with his mortgage company in good faith and they still refused to modify his loan and proceeded with foreclosure, he filed an injunction and before the judge could help him out they came to the table.

Some judges are sympathetic to the fact that these large mortgage companies are at fault for selling faulty mortgages in the first place; plus the fact that they have taken huge sums of bail out money, and may just give you the reprieve you're looking for; at any rate an injunction will stop the sale date of the foreclosure.

What gives this tactic a high probability of working for you is this: once you stop the initial published sales date the mortgage company needs to start that process all over again. With all of the time constraints that apply.

They are also obligated to heir attorneys, not cheap. So they're forced to expend money that they other wise would not have.

Add to that the high probability of the judge finding in your favor and the mortgage company having to pay for any legal representation you employee and its "cheaper to keep her".

In other words its cheaper to negotiate in good faith, and restructure the loan than to keep bleeding funds.

You can file the injunction yourself but paying a lawyer to provide a [Letter of Intent to Intervene] gives your position validity, and ups the anti for the mortgage company's cash out lay.

At any rate do not for get to prepare and order granting your injunction for the judge to sign, and be sure to approach the Judge's Clerk and request a hearing date to put your injuction in place. 

The injunction is no good with out the Court order. the only way to get the order is to schedule a hearing.

Keep good financial records and as-well-as records of telephone calls and who you talked to.



Comments

HomeBuyerHelp 20 months ago

Thank you for sharing this wonderful information. It really helps a lot.

Jada  18 months ago

You could use a dictionary, you make gross spelling errors and use the wrong syntax often. I am a California Paralegal and the law is paralegals DO NOT OFFER ANY LEGAL ADVICE...not that you have but the intent is there.

Jeromeo profile image

Jeromeo Hub Author 18 months ago

@jada What's your point? the intent is to help people stay in their homes what do you have to offer, beside criticism.

Sister Help 16 months ago

Thanks Jeromeo,

I am in dire straights now and this gives me some hope right now.. Anything tried and a success is worth trying again; And I agree with you regarding Jada...paralegals do more work SOMETIMES than the attorney. And you implied nothing but information. Thanks again.

Jeromeo profile image

Jeromeo Hub Author 15 months ago

Thanks for reading the Hub sister Help and good luck with the jackals.

Eduardo Elliott 14 months ago

I have been not too long ago facing my own horrors associated with loosing my personal home caused by foreclosure. Therefore i have been wanting to research my personal rights, and learn precisely what might be the top things to do. Reading through your article has really provided me so good insight. There are good folks trying to support people within not so great situations!

Dennis 12 months ago

Listen: After fighting in court one year and a half, I managed to file 6 motions,including a motion to preserve

evidence, I had all motions except one heard, the judge

threatened sanctions. I had the final one heard. I went through 5 docket soundings and one trial and I had the case dismissed.

Bottom line is that the pen is mightier than the sword and the bank's lack of paperwork can come back to hang them!!!

Jeromeo profile image

Jeromeo Hub Author 12 months ago

@Dennis,

Way to go Dennis and thanks for posting your success on this Hub so others can see there is hope.

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