Most People Facing Foreclosure Lack Adequate Representation
It never ceases to amaze me.
Here we are in the second year of this foreclosure crisis. We have heard these horror stories of how people who are facing foreclosure have been taken advantage of by their mortgage companies. They have filed applications for loan modifications. Their mortgage companies take forever to review them. The companies lose paperwork over and over again. The only way some get their mortgage companies to act is by letting the public know what has happened. They have had to let the public know how they have been victimized by their mortgage companies before these companies act. Then they agree to modify their loans at the last minute right before the auction of the property is to take place.
Yet most people persist in trying to work with their mortgage company themselves. They deal with them directly. They submit their applications on their own. Then they follow up. For some reason they think that they will be treated differently. Their mortgage company will take care of them.
There Is No Reason for Them to Believe This
It is just false hope.
Some may believe that they are not worthy of being helped. They feel that they have screwed up and there is no reason they should be allowed to keep their homes.
That is Pure Hogwash
Everyone facing foreclosure is entitled to help to save their homes. Since they are not experts in the foreclosure process and do not know the best way to get a loan modification, they need help from people who know the process. They need help from people who know what they are doing. That is either a lawyer or an expert in loan modifications.
I have seen and heard of far too many cases where people wait too long to get this help.
If you are facing foreclosure, please, let me say that again, please don’t represent yourself. Your family deserves better. Find a lawyer or an expert in loan modification to help you. Check with your local county Bar Association for the names of lawyers who specialize in foreclosures. To find an expert in loan modifications click on this link, http://www.hud.gov/offices/hsg/sfh/hcc/fc/. That will take you to the HUD website and you can find an agency and a counselor in your area.
If you want more information on the process and what you can do to avoid foreclosure, check out my EBook at Stop Foreclosure.
Much Success,
Mark Elkins
