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How to Stop The Forclosure Process

   
Author: Joe Loiacano
 

HERE ARE SOME KEY QUESTIONS TO ASK YOURSELF

You may think its too late to do something about it, but I assure you if you seriously think about your options before making any decisions you may find yourself in a whole lot better situation.

?Are you trying to stop foreclosure for a property that is going to be foreclosed soon?

? How far in arrears are the payments?

? Is there a foreclosure sale date scheduled?

? When is the foreclosure sale date?

? Have you considered refinancing and negotiating with your lender?

? Have you searched online for information on how to Stop foreclosure"?

? Have you visited any websites that specialize in helping you to Stop Foreclosure, like: http://www.soldin2days.com/

? How much time do you have to sell the house before foreclosure?

? If you have a lot of time, have you considered selling it using a realtor?

? If you dont have much time left, have you contacted any investors like: http://www.soldin2days.com/

? If you already contacted investors have you asked them to make an offer on your property? If not get to it now.

? If they have cash and they can buy it quickly, but you wont receive all of your equity, are you still open for discussion?

? Do you even care about having a foreclosure on your record for the next ten years?

? Have any investors spoke with you about taking over your payments, and if so is this an option?

? If you dont have much equity, are you open to Lease/Optioning the property to an investor?

? Are hard money, private lenders, an option? If so have you contacted any?

? Do you realize you will be paying higher rates for private money?

? Have you tried to negotiate your payment options with your lender, to stop foreclosure?

? At this point you may need more time to sell the property. If this is the case have you asked your lender for more time? If so, was your lender cooperative?

? If the house is listed with a realtor did you inform your lender?

? Is your lender interested in working with you on this, or are they more interested in foreclosing?

Feel free to talk over these questions and any others you may have with investors and ask them if they have any solutions for you. Be sure to ask them if they willing to buy the property. You never know you just may have a quicker solution than you expected.

And dont forget, you must move quickly in the foreclosure process. If you wait too long, you will have fewer options available and it may be too late to stop foreclosure. Dont wait, do something NOW.

 
 
 

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