Foreclosure Education Professionals

HOMEOWNERS...  Foreclosure Education Delivers Knowledge Which Will Give YOU Power Over Your Situation

"8 Common Mistakes Homeowners In Foreclosure Make... And How To Avoid Them."

Congratulations
on taking a step forward in your education

One of the biggest mistakes that homeowners in Foreclosure make,
is becoming paralyzed with fear and denial.
They keep hoping somehow this situation will fix itself,
but with each passing day,
the situation gets worse

Please read the report below in its entirety,
become familiar with these problems and arm yourself with this valuable  information for protection.

The first thing you need to know are these
“8  Common Mistakes Homeowners in Foreclosure Make...
And How To Avoid Them”

Mistake #1
Thinking It's Too Late...

There’s nothing you can do anyway, and you’re “only one or two payments behind” so you may as well wait and see what happens.

It’s easy to sink into depression and come to a grinding halt when you feel like things are closing in on you. But this is the worst possible mistake you could make.

There is something working against you that no amount of effort can bring back:

"TIME"

The longer you wait to “see if things will work out”, the greater the chance you will be left with Few or No options at all.
Don’t wait until the sheriff is literally pounding on your door to throw you and your family on the street.
Don’t watch a bad situation turn into a public humiliation you (and your family) will never forget.

 Make the decision to take action, and one of our representatives will assist you in building a plan of action for your situation.

Mistake #2
Thinking Your Friends And Family Know What's Best For Your Situation, And Will Give You Sound Advice...

Maybe you’re already thinking that the smartest thing you could do is sell your home, stop the Foreclosure once and for all, and make a fresh start. Getting out from under your debt and restructuring your payments.

But your family and friends are urging you to “hang in there”.

Before you listen to their advice, you need to answer these questions...

1. Are they there with the money you need to stop the madness you’re caught in?

2. Are they ready to step up to the plate and bail you out, no matter what it takes?

3. Can they immediately send enough cash to your lender to bring the Foreclosure machine to a grinding halt?

Chances are, the answer to these questions is “No.”

No matter how well their intent may be, they are simply not equipped to give you the kind of assistance you need right now.

Remember
this is all about you, not them.

Home Foreclosure Solutions LLC urges you to understand your options, and make an educated decision that works best for you and your family.

Mistake #3:
Hoping The Lender Will Work With You...

Forgiving all of the back payments and interest you owe so you can just start paying regular payments and get you out of this mess.

Sometimes the lender offers you what they call a ...
“payment plan”….
It’s called a "forbearance" agreement.

This can possibly be a good and reasonable solution
if you have the money to make
higher monthly payments to start paying the lender back what you owe.

But guess what?

Most people just don’t have the money it takes to do this,
in fact 85 percent of people facing foreclosure
are never able to stay current on the new higher payment
and they end up back in foreclosure.
If paying more money is not an option for you,
you could become another statistic.

The lender must tack on hundreds or even thousands of dollars
More to your monthly payment
making your payment Much Higher
than it is now so they can get paid back.
If you can’t afford your payments now...
how will higher payments “help” you solve your problem?

The lender may also tell you that if you sign a document called a
"Deed In Lieu",
you won’t have a Foreclosure on your record.

This is true, instead your credit report will show,
“Deed In Lieu”.

In other words you give up the title to your home instead of foreclosing.
This really means you Voluntarily foreclosed yourself.

This will Not help your credit report.

 It effectively eliminates the costs for the lender to go
through the entire foreclosure process,

You will still Lose Your Home,
Plus your credit will be scarred.

However, in some situations a deed in lieu may be beneficial to solve your situation, especially if a "NO RECOURSE" default can be negotiated.

A no recourse deed in lieu will not allow the lender to come after you for any money owed on the house regardless of what they sell it for.

If you are considering contacting your lender, please read the section called;

42 questions

Mistake #4:
Listing your home for sale...

Did you know that most Real estate agents
do Not receive any formal training
on how to market and sell a home quickly?

Training and experience is what it really takes to sell a home quickly.

There are some real estate agents who are very good at this
You need to make sure that you really know who you are dealing with.
Ask them questions to make sure they are right for you.

Make sure the sum total of their effort to sell your home won’t just be putting a sign up in your front yard and hoping that it sells.

You have to remember that the house is still in foreclosure,
the lender is not going to stop their foreclosure action just because you listed it.

If you find a buyer on your own
who would be willing to buy the house from you,
you need to make sure that you’re not obligated
to work through your real estate agent,
paying them a hefty commission on a buyer that you found.

 If you’ve lowered the price to get it sold,
you may have to come up with thousands of dollars
 you may not have
just so you can pay the real estate agent their commission!

 This could actually prevent you from selling your house.

If you are considering using a real estate agent,  please read the section called;

42 questions

Mistake #5:
Thinking a Mortgage Broker will refinance your home...

Some Mortgage brokers may approach you with
enticing offers of a “foreclosure rescue”
or a “bailout” loan
or a simple refinance.

There are good mortgage brokers out there that can do good things
but you need to be sure that they are the real deal
and will do what they say.

WARNING!

These offers are very rarely honored.
You may find that you do not qualify for any form of refinance
and if you do, your payment will Increase.

If you are thinking about contacting a mortgage broker, please read the section called;

42 questions

Mistake #6:
Thinking an investor will buy my house
and let me rent it back from them.

The trouble with working with investors is that there are some unethical investors out there who are willing to take advantage of people in a foreclosure situation to make a quick buck.

There are also novice investors out there who are not educated
and are simply experimenting with your home.

Don’t work with someone making huge promises
you are not sure they can keep.

Most investors that are willing to buy your house
and let you stay in it are just not very savvy.
Beware of this option because it may say a lot
about the people who have approached you.

Depending on how the home is purchased,
this option may be against the new "Distressed Property" and
"Mortgage Rescue" Laws,
which may make it against the law for you to stay in the home in any way after the sale.

Home Foreclosure Solutions LLC holds to a "fair" and "Professional" standard of conduct in dealing with people in foreclosure.
Our staff upholds a code of
"professional ethics and standards"
and we have the seal of approval of
 the Illinois Association Of Foreclosure Prevention Professionals

If you decide to work with an investor, please read the section called;

42 questions

Mistake #7:
Thinking your credit is damaged beyond repair...

You think "it doesn't matter...There is nothing I can do about it"

In Illinois, the formal “Foreclosure” takes place at the court hearing where the Judge approves the sale for the lender.
So until the judge approves the sale,
you are considered to be in
"PRE-FORECLOSURE".

This means you are on your way to Foreclosure,

But You Probably Do Not Have It On Your Permanent Record Yet.

At this point, your credit report will show late payments
(which are derogatory) on your mortgage.
It might say something like this…

90 Days Past Due – 2 Times
60 Days Past Due – 3 Times
30 Days Past Due – 4 times

This isn’t good. But is it vastly different than seeing….
"Foreclosure".

With late payments
you can still get credit
and work to build your scores back up much more quickly.

And here’s the good news…

Credit is Never damaged “beyond repair”.
No matter how bad your credit is,
or how low your credit scores are,
you can improve your credit and increase your credit scores.

If you decide to work with someone who claims to be able to repair your credit, please read the section called;

42 questions

Mistake #8:
“Giving up” and letting the house go...

"The Biggest Mistake Of All"

 Giving up and letting the house go to foreclosure because you think it is the easiest and best solution,
because it’s too hard to deal with on your own.

It’s time for you to decide if you truly want to take control of your own destiny...or be at the mercy of somebody else’s decisions for your life.

There simply isn’t any “one size fits all” fix for every Foreclosure.
Some solutions will only stall the "inevitable Foreclosure"
while money disappears from your pocket,
and you’ll still lose your home.
Other solutions may have you staying in the house,
but ultimately cost you more money in one month’s payment than you make in three months.

If you are considering bankruptcy you do need to get legal advice,  please read the section called;

"42 Critical Questions You Must Ask To Avoid Being Taken Advantage Of When You Are In Foreclosure"

Don't Leave This Website Without Taking At Least ONE PRO-ACTIVE STEP To Solving Your Current Situation...