How to Beat Foreclosure:
Helping People Keep Their Homes

One of the most devastating things that can happen to you is to lose your home. In many cases, there are techniques that help.
If you (or someone you know) has lost their job, has less work (e.g. in construction or housing) than before, you may not be able to make full payments, and could go into foreclosure.

I'm Jim Krage. You can read more about me at www.Jimk.tk. I've been providing FREE Info since 2001 at WaMuFraud.com, StopBankFraud.com, ZeroOutDebts.com, and AmericanLoanAudits.com.

Techniques that are commonly known:

• Get a loan workout agreement, forebearance or loan modification
• do a short sale (get someone to offer to buy it, then negotiate with the lender),
• get refinancing (best help at www.StopMySaleFast.com)
• sell before it's too late,
• bankruptcy, if all else fails (make sure you get a certificate first)
• offer a deed-in-lieu of foreclosure (give the property to the lender without foreclosure on your record).

Advanced Techniques

• audit the loan documents to see if the lender violated laws, like TILA, HOEPA, or state laws www.AmericanLoanAudits.com
• Get free info at StopMySaleFast.com to Stop the Sale and get a new 5% Loan with principal reduced to 80% of Current Value by uncovering their Fraud with a Securitization Audit.
• Sue the Lender and the Securitization Trust with a Lawyer that accepts reduced fees with group lawsuits, often called Mass Joinders
• After filing Bankruptcy, file a Complaint in BK court, called an Adversary Proceeding to stop them.

Special Forbearance or Loan Workout.

Borrowers can try to get a new payment structure if they can show a hardship, like lower income, loan balance greater than home value, increases in expenses (car repairs, disaster, accidents, added medical expenses, college tuition,etc) or other problems. This payment restructuring may help the homeowner repay the lender in a different time frame. Often, the lender may lower the interest, with lower payments, but they usually refuse to lower principal. Second mortgages usually either disappear or are negotiated to 5% to 10% of their original balance, especially in cases where the loan balance is greater than the home value. Anybody can try to negotiate a loan modification, but most can't force the lender to accept it.

www.StopMySaleFast.com specializes in Stopping Foreclosure Sales and giving the homeowner a new 5% Loan at 80% of current value. Nobody else seems to lower principal like they do. They use Securitization Audits to prove the pools that the loan went into were paid off, then fight to give the homeowner a 5% interest loan at 80% of current value.

Short Sale

Often, someone can contract to buy it from you and negotiate with the bank, so the foreclosure auction doesn't ruin your credit further, and the bank can't do anything more to you. This is a called a negotiated Short Sale.

Refinancing

Sometimes, you can get another loan before it's too late. If your credit isn't ruined, you can try for a conventional loan. Otherwise, even a hard-money loan may save your house.

www.StopMySaleFast.com specializes in Stopping Foreclosure Sales and giving the homeowner a new 5% Loan at 80% of current value. Nobody else seems to lower priciple like they do.

Lower the Amount of the Loan
Lower the Interest

Experts can negotiate with the Banks and Mortgage Companies to lower the interest, but very few can lower the total amount of the loan. They do this with a Loan Modification Proposal after a Forensic Loan Audit. In the Forensic Loan Audit, they document laws broken in the documents provided by the lender. Then, they show that bank that you have a temporary hardship, that the value of your property has gone down in the current market, and that we want to help you save your house. With the results of the audit, the legal department for the lender is eager to accept the loan modification, instead of going to court. The lenders won't budge if you call them, but some experts can prepare a complete proposal for loan modification with the results of a Forensic Loan Audit that they can't refuse. If the audit finds laws violated, they talk directly to the lender's Legal Department to get fast results. 85% of current loans are found to have violated laws. For the other 15% that haven't violated laws, they usually talk directly to the Loss Mitigation Department, whereas most other companies try to deal with a more obstinant Loan Modification department. Loss Mitigation has a greater desire not to acquire another property.

www.StopMySaleFast.com specializes in Stopping Foreclosure Sales and giving the homeowner a new 5% Loan at 80% of current value. Nobody else seems to lower priciple like they do. They use Securitization Audits to prove the pools that the loan went into were paid off, then fight to give the homeowner a 5% interest loan at 80% of current value.

After Foreclosure, You May Still Owe

If your home is sold in foreclosure, some states allow a deficiency judgment: you still owe the bank money after foreclosure, if the sale price is less than the mortgage amount. In those states, if market values have dropped, the owner may have to pay thousands of dollars after foreclosure.

Most Lenders Don't Want to Foreclose

Most banks and other Lenders don't really want to foreclose. If they foreclose, it's usually to try to recover the money they loaned and mitigate their losses. It's a real hassle, and most lenders want avoid it, if possible. There are many ways we can help you. Most lenders will be glad to hear that the borrower wants to work at keeping their home instead of waiting for foreclosure.

Housing Counseling Agencies: HUD, The US Department of Housing and Urban Development has a list of HUD-approved counseling agencies. Call (800) 569-4287 to get an agency that's close.

FHA-Insurance fund. FHA borrowers might qualify for HUD to make a one-time payment on their mortgage. Visit www.hud.gov/foreclosure for the requirements.

This article was written by Jim Krage of Beat Foreclosure Fast .com, Zero Out Debts .com, Salvo Casas .com, Stop Bank Fraud .com, WaMu Fraud .com.