Fighting Foreclosure

Fighting foreclosure where does a homeowner start and what works?

We will consider one powerful idea a homeowner can use.

For example how can non-profit counselors help you fight foreclosure?

Today some lender use a credit counseling company to handle the easy upfront qualifying part of the loan modification process. If your loan was approved for a modification it would be the lender that would generally make that decision. There are quite a few non-profit organization that are very good at helping you if you just cannot get anywhere with your lender.

These organizations can meet with you in person with just an appointment. Since 90 percent of home owners in foreclosure show up on their court day without an attorney or prepared to fight for their home. The non-profit organization will show you how to qualify for a loan modification.

Well if for some reason your income or job is not acceptable to your lender to get an approved modification or even forbearance, then they might go another step, which is to file the foreclosure.

Typically, if you miss three monthly mortgage payments, the loan servicer will send you a letter stating the intention to foreclosure.

At this point the credit counseling organization can not help you with the legal part of this. Then you need to add your attorney to the mix.

I have often spoke about looking at the organization pre-paid legal, which is the cheapest way to get legal advice that can help you deal with the lender new attack. This organization will provide hours of communication on how to deal with the court.
Therefore, in this article there are two things I am presenting that can help fight foreclosure.

1. Credit counseling organizations

2. Pre-paid legal insurance