Foreclosure - Avoid Foreclosure - Save Your Home

Foreclosure is a very serious matter. You're now receiving all sorts of letters in the mail from different companies, all telling you that they can help you. They can be very confusing.

Many companies will make big promises. For example, if a company tells you that they can lower your rate to a specific interest rate, lets use 5.25% as an example, chances are they are not being straight with you. Interest rate reductions are a moving target, nothing is set in stone until the mortgage company signs off on it. Another red flag is how a company accepts payment for their fee's. If they only accept payment by Western Union or cashiers check, this means that you have no recourse in getting your money back. Which is exactly the way they want it. Reputable companies accept debit cards as payment for services. By accepting debit cards (not paypal) this means the company has a merchant account and YOU have recourse through your bank. Qualifying for a merchant account requires that a company has been in business for at least two years with a good history. If you want to find out how long a company has been in business, a good way to check is by checking out when the their internet domain name was registered. Many companies put together a impressive website and then when the authorities start coming after them they simply register a website under a different name. You can check a websites creation date by going to www.betterwhois.com. Chances are you will find that they have registered the domain name within the last year or so. Do you want to trust your home to someone with little to no experience?

Just Walk Away
It has come to our attention that some organizations are advising people on the phone and by mailers to home owners, to just walk away and let it go to foreclosure. It appears the organizations behind this campaign may be groups of investors that want to buy your property cheap at auction. This can be devastating for home owners in many states, as the home owner is responsible for the deficiency, which means if you owe $225,000 on your loan, and your home sells for $100,000 at auction, you're on the hook for the $125,000 difference. They can garnish wages to get it. This means the investor gets a great deal and the homeowner gets a huge bill as they are being kicked to the curb.

Private Investors/Lenders:
They will tell you that they will bring your mortgage current and payoff all back fees to save your home, and they will, for a price of coarse.

In order for them to do that you must "Quick Deed" (sign over your home to them in their name). In turn they will lease your home back to you with 15-20% higher payments for 1, 2 or 3 years until they have made their investment back. Then they will agree to sign your home back to you. Sounds good so far, right? But here's the trick.

In the contract that you sign, somewhere in the fine print, it will say if the lessee (you) are 24 hours late with your monthly payment within the duration of your contract, then the lessee (you) must evacuate the premises. Usually within 5 - 7 days. Over 90% of homeowners that fall for this trick end up losing their homes. These investors all know that you've had payment problems in the past. That's why they prey on homeowners in your situation. Next thing you know your family is out on the street with no home or hope and the investor just tricked you out of your $150,000 home that cost them only $4,000 to $5,000. So PLEASE BEWARE. Don't do it.

New Loan:
You take out another loan. It sounds good on the surface but you'll pay much, much more in the long run. You have to start a new loan from the beginning. You eventually lose all of your equity. All of your past payments are just wasted. You gain nothing. Don't fall for it.

If you truly would like to save your home and have your case handled correctly, call the professionals. We will evaluate your case for free and inform you of your rights as a homeowner. We will introduce you to the many options that are available to save your home. To get your free evaluation either fill out a short questionnaire by clicking here or call now, 888-209-1424

NEWS ALERT!!!
If you are in foreclosure, this article is a MUST READ!!!

For information about the new goverment bail out program click here.

Guarantee.

In the event Foreclosure Expert fails to develop a solution to help Homeowners stop or avoid their current foreclosure and save their home, Foreclosure Expert shall pay a rebate to the eligible Homeowner for the retainer paid by Homeowner.

Homeowner must provide accurate and truthful information and must be motivated to save their home and willing to take the steps required by the Foreclosure Expert in order to help the homeowner save their home. If the homeowner changes their mind and decides not to save their home or seeks other alternatives, or is non responsive homeowner is not eligible for a rebate.

Any rebate claim must be submitted together with all support documentation within 21 days of the closing of the Homeowners' file by Foreclosure Expert or termination of this contract by Homeowners.

Eligibility: Even though Foreclosure Expert always applies its maximum expertise and best professional effort to each of its customers, the guarantee stated above does not apply in the following situations:

A. If Homeowners have sought a voluntary dismissal of a Ch. 13 bankruptcy case in response to the mortgage lender's motion to lift the automatic stay; or

B. Homeowners' mortgage lender has been named in two or more Ch. 13 bankruptcy cases in the past 18 months where Homeowners and/or any co-owner have been a petitioner;

C. Homeowners have filed a Ch. 13 which was converted to a Ch. 7 during the last six months; [Even if Homeowners' situation creates one of the above exceptions, we are very often successful at working out a viable plan regardless of whether or not an exception to the guarantee exists.]

D. Homeowners have violated this agreement in any way. In the event Homeowners cancel this agreement prior to complete performance by Foreclosure Expert hereunder, the maximum rebate, if any, available to Homeowners shall be determined solely by Foreclosure Expert and shall not exceed in any event.

E. To any processing fee paid to or work performed by an outside contractor that may be employed to process such information.

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