Heath's Blog

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Suggestions For Those Facing Foreclosure

If you haven't heard yet, there are some very helpful things you can do if you are facing real estate foreclosure.  The first is to find out if your state is a Judicial foreclosure state or not.  This will help you know how to proceed further.

Next you should find a lawyer in your state that is talking about causing the forclosing entity to produce the paper that gives them the authority to do so.  Consider hiring one if you are able.  This can be searched for in places like leapfish.com or in blog searches or right here in Active Rain.

If you are able to hire a lawyer or not, get familiar with the procedures in the "prove you own the note" process that you will need to adhere to.  Once you understand it, whether you have a lawyer or not, you will be able to keep up with the process much better.

Start the process to ask for the evidence that your foreclosing entity has the authority to foreclose.  If you need one place to start with your research try the Consumer Warning Network.  They have videos, forms, news footage, and a whole lot more.

There are many people who are successfully applying these remedies to their situation.

Happy listing and selling!

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup  Skype: heath.coker

REindex.com, The Site Engine®
508-274-5613  reindex@reindex.com
See our 2 Minute YouTube www.REindex.com/WhatIsREindex.html
@RealEstateIndex

James Heath Coker | Create Your Badge

Comments

That is great info to pass on.  There are a ton of people out here that could really use this.  Our market in Richmond seams to be about 50% foreclosures.  I wish you the best.

Posted by Nate Rowe, Realtor, Homes in Richmond VA (Oakstone Properties, Homes in Richmond VA ) over 11 years ago

I hope they can use it to their advantage.

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com) over 11 years ago

Participate