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Stopping a foreclosure
Posted by Lorraine Ross on June 16, 2008Have you ever wondered how you can Stop foreclosure on your home or even a rental property? Most people have more options available to them, but usually foreclosure is the one that seems to make the most sense. There is hope however, with the help of a trained legal team you may be able to Avoid foreclosure where your situation may appear hopeless.
With the help of lawyer and specialist Timothy G. McFarlin, you may be able to work out a better solution than the one that involves you losing your home! Check out his website, you will be surprised how much free information you will find there to help you with your options. Of course, nothing beats a face to face meeting with an expert, and if your home is at risk, expert advice is certainly the way to go.
Attorney Timothy McFarlin knows all about the different and difficult choices you have to make, and is versed not only in foreclosures, but in everything from short sales to Bankruptcy laws.
Check out his website and put in a call if you find yourself in trouble but don’t want to lose your home. You have so much to gain!
Great advice! I think one of the most common misconceptions, for homeowners facing foreclosure, is that they feel helpless (and likely believe it too). Speaking to an industry professional can’t hurt. I’ve also seen news reports for non-profit organizations dedicated to helping out troubled homeowners, who can aid in negotiating new terms with lenders.
Thanks for the great links to provide as a reference. There is so much confusion out there right now and what’s particularly sad are desperate home owners that have gotten scammed by the opportunist offering something that is too good to be true.
Short Sales are becoming as popular as 100% financing loan programs were before the foreclosure and mortgage crisis hit. I’m glad more people are getting the word out and exploring as many options as possible before facing the foreclosure process.
Hopefully more will become aware of these options before its too late…
Foreclosure can usually be avoided. Having worked for an investment bank that is stuck with a huge amount of 100% financed deals with negative equity I can say first hand that they do not want foreclosure to go ahead. They would rather borrowers pay something rather than reposses the property. Explore your options and foreclosure need not be the only path to take.
I hope “Foreclosure Investor” is representative of the financial institutions out there. Although I can understand the option described gives some hope to home-owners - the prospect for the lender to re-coup some now and over longer term make more money from the outstanding interest. In reality when financial institutions need to raise capital or appease their share-holders they make not be able to take such a long-term view.
It’s great to have professionals, this is a popular topic these days.
We are lucky here not to have as many homes in foreclosure yet. I am starting to see more short sales in the MLS though. Working with an experienced attorney or credit counseling service can help stop or at least minimize the damage foreclosure can cause.
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