This is a touchy subject. There are many people who just need a little more time to keep their home. And there are others who can't be helped at all.
For those who just need some time, or who are looking for ways to slow and possibly stop a foreclosure, here are three common ideas that bear research:
- There is an organization called Hope Now. This is a good place to start. Their goal is to provide information on programs. Their web pages open with videos, so turn your sound down if you are at work. They can be called at 888-995-4673 and the web site is http://www.995hope.org/. Their web site says they are a 501c3 organization that is HUD approved in the "Who We Are" section. As with all online businesses and information, be cautious, don't accept anything without cross referencing it by Internet search, calling the appropriate local authorities, and/or consulting an attorney. NOTE: the agencies that the Hope Now organization refers you out to, do charge a fee. But, the initial information does not cost anything.
- You may also want to consult a group like the The National Association of Consumer Advocates (NACA). It is "fully committed to promoting justice for consumers" according to their web page. They are Lawyers who can read/review your mortgage documents and see if there are any incorrect or inappropriate clauses or paragraphs. Sometimes, they can identify issues that will either slow a foreclosure or stop it. Their web site is http://naca.net/As with all online businesses and information, be cautious, don't accept anything without cross referencing it by Internet search, calling the appropriate local authorities, and/or consulting your own attorney.
- You can also research the growing "Ask for the note/Show me the note" trend. Some courts have found that the original note can not be located. In that case, there is no proof as to whom may actually foreclose. A search in your favorite search engine will turn up a lot of information. NOTE: there are some extreme perspectives on this topic. Try not to buy into someone elses negativity. Calmly and effectively address your immediate needs first. You can always offer your help once your own issues are resolved. There are many people who are working this out. Find your own solution and then help others with your positive experience.
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / email@example.com
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker