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Step 1
Unfortunatley, home forclosures are a reality these days. Many Americans are finding themselves in court pleading for their homes. Some of the reasons are not the homeowners faults. Several banks have been in trouble for loaning money to people who could not afford it in the first place.
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Step 2
These banks can be taken to court through Predatory Lending Laws. You can do this through law offices advertising these services or credit counseling businesses. Another way to approach this before foreclosure is through Chapter 11 bankruptcy. There are now laws that let the judge modify the loan and set a lower payment that the homeowner can afford.
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Step 3
If you find yourself in the unpleasant situation of facing foreclosure, I do have a suggestion. If you need to stall your foreclosure so that you can find a job or raise some money, it is very simple. All you will have to say is three simple words..."Produce my note".
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Step 4
The reason this works is that many times the note gets sold over and over again. It is very hard to produce the original note. In fact, in some cases the original note has actually been lost. You have every right to ask this and the judge should abide by it. Good luck!
Comments
jenng said
on 6/3/2009 Great article on how to stall your foreclosure 5*
gahazeleyes said
on 5/31/2009 Great well needed information. Thanks
guesswhat said
on 4/17/2009 Great article ....keep up the good work...I gave you 5 Stars and RR on 5 of your articles,very informational...ty ...Please return the favor..Al
tundranut said
on 3/10/2009 Great article! Thanks for a timely idea. 5*
goodselfme said
on 3/2/2009 Some good help for those facing foreclosure. Thank you.