Thursday, May 31, 2007

Avoid foreclosure by a single phone call!

What a difference talking to someone makes...

I have 2 clients both with the same Lender and service agency....Client A has not made a mortgage payment since October of 2006, and before that had a few mortgage lates.

Client B, has made his mortgage payment on time everytime, since he got his loan, never late, but was recently layed-off of work, he has only missed 2 mortgage payments, has been depressed but has not taken any calls from his mortgage lender.

Now client A: The mortgage lender HAS NOT filed an NOD(notice of default) on their property. Why? Because Client A has kept in contact with their lender, tried working something out, in process of putting home on the market etc....

Now Client B: Received an NOD(notice of default) on property in May after missing only March, April, and May is now due. Client B avoided calls, has never spoken to his lender, so will start the foreclosure process after just 2 1/2 months.

Client A, has not paid a mortgage in 8 months! This is very important...If you are behind in your mortgage or not sure what to do or who to talk to....explain your situation...sometimes the Customer Service Agents are Rude, but always speak to someone above that person until you get the help you need or are seeking. Most Lenders have a department called "Loss Mitigation" these are the people who will get you started. With foreclosures on the rise more and more Lenders are willing and will help you find a solution and compromise!

If you think that your Lender has done something unlawful or would like to talk to someone about the legalities or your rights in foreclosure call me and we can put you in touch with a Foreclosure Attorney...ask the questions and know what your rights are!

916-746-8790
800-485-8740

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