Sarasota homes for sale avoid foreclosure as homeowners stand up to debt owners, allowing homeowners (at the least) to buy more time to consider all options…and perhaps even save their home from foreclosure.
Sarasota homeowners facing foreclosure MUST take action to delay or avoid foreclosure! source: WSJonline.com
Tina M. of Orlando (FL) needed my help avoiding foreclosure.
Admittedly, she contacted me late in the process, months after not being able to make a house payment.
Tina needed surgery on her hands and couldn’t work.
Her husband John sold vacation timeshares, until people, reacting to $4.00 gas & $5.00 milk, began tightening their belts.
Worse, Tina and her husband’s family was in turmoil. John’s “once good” salary disappeared, leaving them living off money they had put aside for retirement. Suddenly, John and Tina were in trouble.
Their savings dried up. Tina could only find part-time work and John’s new sales position barely paid what he once had earned.
At the time, their bank (debt owner) refused to work with them. This was 2007, before any bank stepped forward to help mitigate further LOSS for debt owners.
Click Read More now for Tina’s attempt to save their home from foreclosure…and why you MUST take action quickly if you or someone you know faces foreclosure.
DELAY FORECLOSURE DEMANDS ACTION
For months, Tina and her husband ignored the bank’s calls and letters. Understandably, Tina and her husband couldn’t face reality.
By the time I responded to Tina’s request for help, it was too late. Among Tima’s and her husband’s mistakes they:
- NEVER faced reality by responding to the bank.
- NEVER talked with an attorney or accountant.
- NEVER responded to the Complaint delivered by the process server months earlier.
What hope to avoid foreclosure or even buy more time do you think you will have if you don’t talk to the bank or even respond to the foreclosure filing?
Tina and her husband believed every day they’d return home to an eviction notice. Before I showed up to (try to) help, they knew nothing about the process.
For months, they held their breath, fearing every knock at the door, phone call & mail delivery.
As a result, Tina & her husband never got a chance to respond to the Complaint, which included a Count 2 indicating the debt owner had lost, misplaced or had stolen the original paperwork.
Demanding the debt owner PROVE (it) owns the debt usually buys a home owner many ADDITIONAL months…allowing the home owner to save their home or possibly short sell (if in their best interests) & avoid foreclosure.
From Sarasota attorney Phil Agnes, click the link below to listen to the interview I conducted with Attorney Phil.
Click the link below to review and download the exact paperwork used to RESPOND to the Complaint:
- Download “legal-request-template“
- Download “letter-to-lender-template“
- Download “motion-to-compel-template“
Sarasota Homes For Sale Stop Foreclosure
NOTE: It’s recommended you consult a legal expert about your unique situation before you go it alone to avoid foreclosure or save your home.
Avoid foreclosure Sarasota demands troubled homeowners immediately develop a strategy. Do you want to save your home? Do you want to delay foreclosure as you buy time and short sell? Call me now if you have questions about foreclosure or want to buy or sell in or around Sarasota. In the meantime, please scroll down & leave me a comment. If you have advice or a specific strategy for homeowners in trouble, please comment. I will respond to all comments.
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{ 3 comments… read them below or add one }
COMMUNICATE with your lender. They will work with you 95% of the time. Foreclosuse is an expensive, money losing waste of resources for lenders. They will work with you (withing reason) to avoid it. Don’t bury your head in the sand. It ain’t going away.
- Travis
Travis,
On the surface, you’re right about communicating with the lender or lenders. The reality, however, is that people are jerked from one person to the next; from one department to the next; and so on. One person tells them to pay “x” amount; another person tells them to pay “y” amount; a third person tells them not to pay at all until “abc” takes place. I hear and experience this reality all the time.
I understand people’s frustrations. YES, people trying to save their homes actually have lost their homes to foreclosures…even while trying to save them. It happens.
No doubt, foreclosure is expensive but do NOT expect banks to do what’s “best” (read: less expensive) for them. Of course, I NEVER expect a bank to try to do what’s right for a homeowner. I’ve handed banks short sale offers from strong buyers for $1,000s more than the bank eventually takes after wasting $1,000s more by rejecting the offers and foreclosing.
Banks reject good offers; properties continue rotting away in the meantime; months later, banks repossess them & finally get certificate of title; throw them onto the market, netting THOUSANDS less. How is that wise stewardship of investors’ money (for the banks, that is)?
At the end, you make another good point: “It ain’t going away.”
True-True
Its a scary time for a lot of people at the moment. I agree with the article though – you can’t just stick your head in the sand, you need to be open with everyone you deal with about eveything you can, otherwise you are missing an opportunity to be helped out.
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