Sarasota foreclosure tragedies prompt advocates and/or federal government to recommend 3 powerful foreclosure prevention strategies.
Three powerful strategies help homeowners stall or avoid foreclosure.
In this short video, you will discover the 3 strategies helping homeowners facing foreclosure avoid foreclosure:
The worst mistake you can make when facing foreclosure is denying this is happening to you. You must get informed…find the right people…& take ACTION.
If you are trying to save your home
Strategy #1– Surround yourself with “specialists” who will provide proven counsel:
- Real Estate Agent – you need a proven, experienced foreclosure prevention specialist.
- Real Estate Attorney – you need legal counsel to detect & avoid banks’ sneaky tricks.
- Tax Professional – you need to confirm possible tax consequences.
Strategy #2— Contact HOPE NOW immediately to see if you or someone you know qualifies for help: 888.995.HOPE.
Hope Now, a coalition of lenders, have come together to work out mortgages & keep families in their homes. This is smart for debt owners as well, who KNOW a foreclosure costs a debt owner 30% more than a short sale.
Strategy #3 — Demand the “original note” paperwork. If you are served foreclosure papers, chances are the Complaint will include one count of “lost, stolen or misplaced” original note paperwork. If you choose to defend yourself without an attorney–not my recommendation by the way–one real estate attorney has provided you with the necessary paperwork at the link below:
Sarasota Foreclosures | Sarasota Refinance Mortgage
Warning: Neither I nor this website warrants the resources you find. It’s not mine and I’m not an attorney. Please do not proceed without talking with an informed foreclosure prevention attorney.
This strategy alone is delaying foreclosure for months longer than normal 8-15 months in judicial foreclosure states such as Florida.
These 3 strategies give you or someone you know a starting point for getting help avoiding foreclosure.
If you and your qualified counsel determine short selling your house is in your best interest, call me now for help in Sarasota, North Port, Bradenton, Palmetto, Tampa & Orlando. I will help you (try to) walk away from this nightmare…at no cost to you.
Sarasota foreclosures are not just empty houses…rotting away in your nice neighborhoods & pulling down your property value. If foreclosure only affected houses, foreclosures wouldn’t be as tragic as they are. Foreclosure is destroying families…this is the REAL tragedy!
{ 9 comments… read them below or add one }
Good questions Mike.
I live in Pasco County. Tax Deed Sales are advertised in a small hard to find local paper, as are Sarasota Tax Deed Sales where you live. However most Florida Counties post them on their websites. The trick is to find them quickly.
In Pasco for an up-and-coming Tax Deed Sale there are 5 properties of land I am interested in (sometimes they have structures on them, and even homes!). I am front-running them. Most of these can be picked up for under $1,000 at a tax deed sale.
Here is a list of a few. Address, Property Value, Taxes Owed (starting bid with a few add-on fees).
Sumner Alley, Dade City, FL $7,620 206.67
Wilson St, Dade City, FL $6,152 96.67
Midvale Ave, Port Richey, FL $3,504 59.73
Lorell St, Port Richey, FL $7,007 119.45
5135 Southtowne Loop, Port Richey, Fl $9,454 285.38
If you or your readers want to investigate them go ahead, as, like I said, I am front-running them anyway.
An investor, of course, must do their due diligence to avoid a title dispute. I have, and this is why this list is small (also Pasco had a short list for sale this month).
“…how “easy” is it for the average bear to accomplish plan B following your system?”
Easy as “Find Em, Bid on Em, then Own Em”. Bad grammar, I know, but it seemed appropriate.
The system is as streamlined as possible. I took out all the information overload one gets with other systems and focused on the essential steps.
Not trying to be ‘selly’ here, but you did ask.
Peace
Harry
“These people want/need to try to save their homes or avoid foreclosure. Period. Their idea of a Plan B is not to invest in tax deed sales. When they stop paying, it’s not by choice (mostly). They stop paying because they can’t afford to pay.”
I have lost a home in the 90′s and it hurt, I can tell you!
Absolutely, they are desperate to save their homes, and you are doing them a great service helping them prevent the foreclosure. However, your experience will tell you that no matter what effort you make, the banks (with the help of their lawyers) will eventually take the majority of the homes. Those you save, especially if you start helping them early enough, are no doubt grateful, as would I be if you helped me save my home.
Yet, if the inevitable is going to happen, and you can see the writing on the wall, plan “B” would be good advice. And, the sooner it is enacted the better. Better to live on a piece of land you own, than in something you don’t. Standards of living are coming down no mater what we think. ‘Less is more’ in this age of avarice and debt.
“By the way, where do you find your tax deed deals…or is that the secret sauce?”
For Florida investors I have a password protected Connect Direct page that conveniently direct links them to all the individual county tax deed sales (this info can be found online also), plus more insider info. The course teaches them how to prospect, select and invest in tax Deed Sales.
For the general USA market I provide state by state links in their individual courses. I also provide Title Search Tips on how to avoid a title with a ‘cloud’ on it.
Great dialogue. Hope this info helps somehow.
Harry
You’re right, Harry. At the end of the day banks win, we lose. It’s the golden rule: that is, he with the gold makes the rules.
Renting or Plan B?
Strategically, I agree with you on many points:
1. Standard of living for many (many, many) people is dropping and will continue dropping.
2. When should a homeowner pull the plug on sending money to the banks?
3. Everyone needs to clear the head (though tough to do) and develop a plan B.
Pick a County near you and me, and give us an idea of how many and what type of tax deed sales are (currently) available?
If someone chugging through this thread thinks you’re on to something, what types of properties are you seeing…and at what cost?
Depending on your response to the above question, how “easy” is it for the average bear to accomplish plan B following your system?
Thanks Mike. Actually I am passionate about this. In particular the plight of the homeless.
Viewing my website, which I am sure you have, on the surface it seems like all I am interested in is making money. However, if readers would look deeper and read about the GeoMod Project they would see the true motivation. Making money through this means of acquiring tax defaulted properties is to do exactly that – acquire them and set up projects for the homeless. To get out of debt, you have to think smart. To help others, you have to think wisely.
“How are tax deed sales beneficial to the typical property owner face foreclosure? ”
They are not. Not to those facing it, unless they are proactive and see the writing on the wall, and decide to implement plan “B”. Unfortunately most people don’t have a plan ‘B” or even know of one – they are lost, hopelessly facing a disaster of homelessness.
Read about it here http://ezinearticles.com/?Facing-Foreclosure?-Consider-Plan-B&id=4186442
Hey, thanks Mike for engaging in this conversation. I have found most people are afraid to do so.
Peace!
Harry
Harry, I appreciate the exchange. For any investors following my blog, they might be inclined to check out tax deed sales.
Mostly, my websites attract people looking to buy or sell in or around Sarasota. Many are sellers, distressed and searching for a realtor who can help them avoid foreclosure.
These people want/need to try to save their homes or avoid foreclosure. Period.
Their idea of a Plan B is not to invest in tax deed sales. When they stop paying, it’s not by choice (mostly). They stop paying because they can’t afford to pay.
In your Plan B (see partial list below), you seem to think strategic defaulters are looking for an investment vehicle:
# You stop paying any more of your “good money” to the banks.
# You form an LLC – a Limited Liability Corporation.
# This smart move will protect your assets – the new assets you will soon acquire.
# You start saving your good money and put it under your LLC.
# You learn how to invest in tax deeds.
# You start to buy land for under $1000, or houses for under $5000 – through tax deed sales.
# You buy more!
By the way, where do you find your tax deed deals…or is that the secret sauce?
Mike
“How are tax deed sales foreclosure prevention strategies, Harry?”
Simple. If you don’t owe the banks anything they can’t foreclose. Correct?
So far foreclosure prevention strategies have made little impact on the rate of foreclosures. Those destined to go through it will. So, how do they recover? Through investing in a tax deed sale.
To read how I really feel about banks, and to discern my true intent go to http://ezinearticles.com/?Banks—Are-They-Really-Your-Friend?&id=2742210 .
And yes, is is my intent to show people an alternative, that is if you would allow it on your blog. Thanks for doing so so far, and for having replied to my comment. It shows courage to start a dialogue on the other hidden foreclosures that are going on.
I’m listening, Harry.
You’re right, foreclosure prevention strategies are costly, unpredictable & having little impact.
Agreed!
How are tax deed sales beneficial to the typical property owner face foreclosure?
Earlier, you mentioned investing in “dirt.” That by itself is a different investing strategy. In fact, just last week I interviewed the country’s foremost expect on flipping raw land – Jack Bosch!
I’m open minded if struggling homeowners have a chance.
Mike
Banks will suck you dry, and throw you out – literally! Just look at all the foreclosures. Think outside the box – “jail of debt” – think – but no debt to a lender at Tax Deed Sales. Get down and get dirty – invest in dirt – through tax deed sales – no middle man!
Banks “will suck you dry, and throw you out” but then in the next breath you promote tax deed sales. How are tax deed sales foreclosure prevention strategies, Harry? Or is it your intent to toss out a keyword url and solicit some clicks?
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