subject: Strategies to Fight Foreclosure - Revealed [print this page] Finally the recent government admit that their Mortgage Modification Program did not work to help homeowners fight foreclosure and this will not going to work unless there will be major changes implemented to thus useless plan.
There is already a major reform plan by the Obama administration regarding their plan. In the meantime, while this plan is currently undertaking, many homeowners are still losing their home every day. One of the main reasons why the rate is continuously increasing is because there are still many homeowners who are not well informed about their options.
Huge numbers of homeowners could stay within their home for years, if they only knew strategies on how to use the law in favor of them. Homeowners can legally delay foreclosure for years without even paying for a single monthly payment.
Sadly, huge numbers of people are not aware on how they can fight foreclosure. This is the main reason why most homeowner loses their home. In this article, you will learn more about ways and proven strategies on how you can delay foreclosure and stay inside your home for years without paying any cents.
* Formatted Hardship Letter - by writing correctly formatted hardship letter can definitely work wonder in delaying the foreclosure procedure. Hardship letter is a simple, but effective way that you can use to explain yoyo current financial condition to your lender. All you need to do is to is to explain the reason for your delayed payments and you are unable to keep up to your monthly payments because if this financial hardship. Your letter should be convincing enough to grab the attention of your lender.
* Court Hearing - if you are a homeowner currently facing foreclosure, you have all the right to file for a court hearing to your Local Circuit Court. This strategy is extremely effective and useful in delaying foreclosure proceeding indefinitely. By just simply pursuing this case, you keep the process going for a year or for several years. There is a need for you to research on how to do this strategy properly, but you do not have to hire any professional lawyer to this strategy successfully.
* Locate for Errors in your Housing Contract - this is also one powerful method that can stop foreclosure and can turn the situation on your side. Majority of housing contract made from last two to five years has been known to have lots of errors. All you need to do is to carefully revise your contract to locate even little mistakes and use this mistake against your lender. You can now control your lender and even make them pay for this mistake. This strategy is powerful and has been helping a lot of homeowners to stay in their home for years.
Knowing these strategies given above, you will no longer have to go through losing your home because of foreclosure. This is your chance to make a life changing move that can change the life of your entire family. These strategies will surely help you cling unto your home forever.
