What Should I Do if I Receive a Foreclosure Letter From My Lender?

Let me tell you about John and Lana.  They were two people just like you.  They had the American dream.   Then suddenly there was a knock on the door and someone handed them a foreclosure letter.  Now it seems like their world was falling apart.  They definitely needed help with foreclosures.  What should they do?

• Contact the lender
• Call the lender
• Write a hardship letter
• Try to get a refinance
• Consider selling the home

Well they can do any one of those first.  But who really knows what the results will be. 

If you are like John and Lana, stuck in foreclosure and you’re wondering what to do, you may have already tried these methods listed above before. Most people say they have but they end up getting no response.  So why is that? Simple!  The solution you need does not just entail knowing what to do, but knowing how to do what you need to do.

That’s why I suggest you contact the Loan Negotiator Group and let them help you.  I promise you will lose your house if you simply choose to do nothing.  That’s never the right solution.  And having the right solution in mind without the right strategy, understanding and knowledge to implement it may also result in disaster.

You’re probably wondering what steps to take beyond what everyone else is doing.  That’s exactly where the Loan Negotiator Group comes in.  They offer help with foreclosures and would be prepared to work with you to help you get out of foreclosure. They are equipped with the knowledge and expertise to help you handle the situation from the time you receive the foreclosure letter all the way up until you are able to successfully get a loan modification, sell the house or find another solution.

Indeed dealing with this type of a financial problem is difficult and frustrating and many people find themselves wondering what to do once they receive a foreclosure letter.  Where should you start?

Let me share a bit more about John and Lana’s experience.  Simply put, they had it all.  You know what I mean.  They had two kids, a dog, two jobs, and a nice home.  Then times got tight. Gas prices went up, Lana’s hours at work were cut back to part-time, and some unexpected financial problems hit around the way. Before long they missed a few payments and received a foreclosure letter hand delivered at the front door. Like you, they found themselves wondering what their options were.  Thankfully, they found help and found out that there were several great options available to them.

There are many options available to you, even if you have received a foreclosure letter.  Of course there are a few things you need to look for in these options when trying to find a solution after getting a foreclosure letter. And above all you need to know that knowing how to navigate through the waters of the foreclosure procedure is not as simple as it may seem. 

Let me highlight some of the steps you must take to provide you with some helpful knowledge. But know full well that I encourage you to work alongside the Loan Negotiator Group to get your situation resolved.  It will cost you a whole lot less in the long run and save you a world of heart-ache and head-ache.

First ensure the solution you are seeking is a legal one.  Beware of people and companies trying to scam you.  Look out for the option that will work best for your specific situation.  Don’t simply believe everyone and anyone who is out there promising to offer help with foreclosures. Contact Your Lender.

If you get a foreclosure letter hand delivered at the door or in the mail from your lender, the first thing that you should do is to contact your lender.   Of course the Loan Negotiator Group will do this for you on your behalf. After communicating with you and finding out exactly where you are financially and where you want to go, they will create and have a powerful conversation explaining fully your situation.

Sometimes the conversation with the lender is easy.  At times when you speak with a lender they will have some good options for you to consider in lieu of foreclosure so you can avoid losing your home.  Whatever you do don’t just ignore the foreclosure letter from the lender - make sure you contact them right away.

Call Your Lawyer. Another important thing to do when you receive a foreclosure letter from your lender is to call your lawyer.  Your lawyer can help you to understand more about your legal obligations and options.  Once again the Loan Negotiator Group has an entire legal department that can provide you with all the legal counsel that you need.

Also, they may be able to help you declare bankruptcy if this is something that you desire to do, although I do recommend that this be a last resort.Find out your legal options by talking to a lawyer or communicating with the Loan Negotiator Group as soon as possible.

Write a Hardship Letter. Writing a hardship letter is an excellent option when you receive a foreclosure letter in the mail. While many lenders do have some good programs to help you avoid losing your home, usually you’ll find that they do require that you write a hardship letter outlining the financial difficulties you are going through that have caused you to fall behind on your payments. And yes even here in this step the Loan Negotiator Group is prepared to structure and write an effective hardship letter for you.

Try to Get a Refinance. If you can, try to get a refinance if you suddenly receive a foreclosure letter. Now this is where the Loan Negotiator Group will really shine for you.  Having a team like this on your side to speak for you is really powerful.  Many times if they are unable to get a complete refinance they are able to get a complete Loan Modification, a forebearance or a deed-in-lieu.

Consider Selling Your Home. More than likely selling your home is the last thing that you want to do, but in some cases, it can be your last resort. If you can sell it for full price or more than you owe, this is great and a wonderful way to deal with this problem when you receive a foreclosure letter from your lender. However, in a time when the housing market is down, this can be difficult. In this case, you may need to consider a short sale if your lender will agree to it.

These are just a few of the options that are on the table when you receive a foreclosure letter in the mail from your lender if you are working alone and by yourself. However if you were able to have a powerful team of highly trained and experienced business professionals beside you who are highly trained in the area of loan negotiation then suddenly a whole new world of possibilities and options will open up for you.

That is exactly why I suggest for you the Loan Negotiator Group! All you will need to do in order to get started is fill out a short questionnaire with information about yourself, your house and your situation and one of the trained professionals from the Loan Negotiator team will get back in touch with you promptly. When you do you will get a highly experienced and professional case worker who will consult with you and answer all your questions.  Then they will work with you to get you the kind of loan negotiation you are most likely eligible for.  Isn’t that what you really want anyways? A chance to save your home and safegaurd your equity?

The team of mortgage professionals at the Loan Negotiator Group has worked with hundreds of clients and has established relationships with many of the primary lenders and banks in America. They have the experience, knowledge and expertise to offer numerous solutions that can be negotiated on your behalf.  But you need to have a conversation with them first and let them know exactly what you’re looking for. These solutions include anything from a complete loan modification where your payments get lowered or a deed-in-lieu where you walk away from the house and the debt altogether without ruining your credit. Dealing with foreclosure is difficult, but there are options that can help you to avoid losing your home.   The Loan Negotiator Group is prepared to help with foreclosures no matter what your situation may be.  Look into these available options to find a way that you can avoid foreclosure and stay in the home you have worked so hard for.

The Foreclosure Doctor (Online)

Are You Waiting on a Government Bailout From the Foreclosure Procedure?

Jane and John were waiting on that seemingly inevitable and promised bailout from the government before taking action to save their family home from the foreclosure procedure.  Are you feeling stuck in the foreclosure procedure but you’re just sitting around waiting on the government to do something? Well here’s why you can get off the couch, stop waiting and start finding your own bailout today.  You can’t run next door and say like the government is saying, Brother Can You Spare $700 Billion Dollars! So you may be sitting there waiting for someone to offer you help with foreclosures.  The reality in a nutshell is, there’s nobody coming to your rescue! Nobody will lend you the money you need!  You must TAKE ACTION NOW to get a LOAN NEGOTIATION! Here’s a list of why they’re not coming!

• They have their own house troubles to see about
• The world doesn’t really care
• It’s none of their business
• Keeping a roof over your head is your responsibility
• You really don’t want anyone to rescue you if you don’t help yourself
• You have all the power in the world at your disposal
• You simply need to get off the couch, turn off the TV and go to work

No I’m not crying on your parade.  I’m simply telling you the truth and attempting to get that last bit of false hope out of the way.  If you are waiting for someone to come along who offers the best help with foreclosures, I’ve got bad news for you. There are many people on the internet making false promises and offering you a world of false hope.  

But the truth is that there’s nobody coming to help until you seek help yourself. I say it is false hope because it doesn’t offer you the homeowner any actions or steps to take on your behalf.  They promise to save you and all you have to do is just sit back and relax.  What makes you think that would work? Trust me when I tell you it won’t.  In fact it will speed up your homelessness.  Yeah that’s right! The best way to get eaten alive during the foreclosure procedure is to do nothing and wait around for others to help you! You might as well just find your cardboard box now and reserve a bridge to go live under now. Waiting on the powers that be to act on your behalf and put together a plan to save you from foreclosure is plain old downright foolish.  And if that’s your strategy for surviving the foreclosure procedure then you deserve to lose your home. What else do you expect if you refuse to take the right necessary actions yourself? Since when did you get a promise that Uncle Sam’s coming to your rescue?

I have some very very bad news for you if you believe there is a rescue mission heading in your direction! There’s nobody coming to your rescue! That’s right nobody’s coming to save you from the financial mess you’re in! Nobody’s coming to help you! 

That is until you first HELP YOURSELF! You see I’m not here to make you feel good about your financial situation or feel good about yourself.  I’m here to tell you the truth! You can help yourself by becoming knowledgeable about the foreclosure procedure and taking powerful action. Don’t wait around for government or anybody else who makes big promises.  Don’t wait for the heavens to open up and help to come pouring out of the sky. And don’t wait for the bank or mortgage lender to simply forget you are behind on your payments or lose your entire file and hope that the whole problem goes away. STOP WAITING!!!! If you wait you just might end up homeless and on the street pushing a shopping cart. 

But if you become knowledgeable about the foreclosure procedure today and take action now then you’re moving in the right direction. So let’s see for a moment, what will happen if you first take steps to help yourself? You will find that all forces available suddenly start moving in your direction to help you. Furthermore you will discover that your situation is probably not as bad as you think it is.  But you have to get off the couch, get out of bed, or wherever you are hiding, turn off the TV and go to work. It will be great if the government does come through with a bail-out for troubled homeowners but it will be greater if you yourself commit to driving your own economic future.

The Foreclosure Doctor Online has partnered with the Loan Negotiator Group to offer those who TAKE ACTION NOW the best possible knowledge, advice and negotiation to stop the foreclosure procedure and get your life back on track.  Really this is the kind of help with foreclosures that you need. Simply by clicking on the link that says Loan Negotiator Group at the top right-hand corner of this blog post and filling out the short form of information required you will begin the process right now.

The Loan Negotiator Group consists of a team of highly trained experts in the field of mortgages and foreclosure.  They have a relationship with most of the lenders and banks and furthermore they know how to negotiate and what to negotiate to get you what you really need to save your family home.

Not everybody is going to need the same thing from the Loan Negotiator Group.  That is simply because not everybody is faced with the same situation. But no matter what the circumstances are that you’re facing in the foreclosure procedure the Loan Negotiator Group can help you by providing the right counsel, helping you make the right decisions, and wherever possible negotiating your loan with your bank or mortgage broker. Instead of waiting on a Government bailout or any other promise from any other group why not start the process with the Loan Negotiator Group today.

The Foreclosure Doctor (Online)

Have I Entered the Foreclosure Process Now that I’ve Received a Foreclosure Letter?

Yes you have!   Let me tell you about Danny and Sofia.  They had received a foreclosure letter but neither of them were lawyers and they had no knowledge of either the banking or mortgage industry.

Now needless to say, they had never been in this situation before.  With the recent rise in foreclosures, thousands of people across America are asking this question…

What do I do now? 

I’ve received a foreclosure letter from the bank and it sounds like a bunch of legal mumble jumble.  What am I supposed to do? 

Well, it is a great question and I am glad you are asking it.  I am going to give you in a nutshell 5 powerful steps you need to take if you receive a forclosure letter from your bank or lender.

The intention of these 5 steps is to help you get as much time as possible and take advantage of any options available so you save your home.

1) You will need to call the bank or lawyer and find out exactly how much money they want in order to stop the foreclosure and how much time you have left before it is just too late.

2) Secure a coach – somebody who has knowledge about the foreclosure procedure to help you navigate these unchartered waters. I am available to be your coach. Simply by entering in your number on this site, you can speak to me directly and I will offer you a free consultation.

3) Make sure you have a good family budget and have identified financial money leaks and areas where you can save

4) Write a hardship letter that details the situation that got you into foreclosure and caused you to be behind on your payments. Also tell what plan or strategy you have for getting caught up on your arrears

5) This should really be first … if you are a believer in God, then pray. Prayer is a powerful action that can actually align your mind in the direction that God can work on your behalf.

Now let me just give you a brief overview of exactly how to do all these five steps.

1) When you call the bank, you have to be direct and forthright. You can’t speak in maybe’s and should be’s and wishes. You have to call with a plan and a detailed question and know what you want to propose to the bank.

In order to accomplish this, I suggest you research and find the right department to speak to. Many people call their bank and get no response, get a run-a-round and get passed from department to department.

If you are in the foreclosure process, and you have received a foreclosure letter, then the person to talk to is not the one answering the phone. Ask to speak directly to the Loss Mitigation Department or sometimes it is called the Debt Workout Dept.

You have to have your mortgage number ready. Refer to your house by the mortgage number. Ask to speak to the individual who is handling your file. Ask the bank to fax you a copy of the arrears statement. That is a document that tells you clearly how many months and how many dollars you are behind. It includes interest and fees.

I cannot stress this any more without sounding overbearing but I want you to know how important this is. Many people call the bank and never get the bank to send them anything.

By getting the bank to send you a copy of the arrears statement, you now have a document that you can work with. You have in writing the amount, timings, and specific calendar dates.

2) Getting a Coach is crucial to navigating any foreclosure process and to finding a solution to stopping it. 

When I say it is crucial, I am not meaning that it is “maybe I need a coach” or “it would be a good idea to get a coach.” I am saying that the foreclosure process is such an intense and taxing process, there are so many innuendoes and diversions and legal issues that must be dealt with, that for you to attempt to go through the foreclosure process by yourself would be equivalent to your saying “OK I want to lose my house.”

Now don’t get me wrong – you may think you have enough knowledge and understanding of the foreclosure process to go through this yourself.  Fine let me assure you the majority of the people who end up losing their homes never sought out and found a qualified and experienced coach to help them navigate through the foreclosure process.

No doubt you are wondering what should I look for in a coach. I suggest you find someone who

Understands you and your situation.
Cares enough to really help and is not going to just take your money.
Understands the foreclosure process and knows how to talk to lenders or coach you into talking to lenders.
Will tell you the truth.

I offer all my clients tremendous insight into the foreclosure process along with a wealth of experience that they could not get elsewhere. How am I able to do that? I have been working for people who are in foreclosure, helping them stop the forclosure process for over 5 years now.

Furthermore, I work with an organization that understands the needs of people who are in foreclosure. I am poised and prepared to help many who are seeking assistance to stopping foreclosure and start building wealth.

3) Now let me share something about the Family Budget. We all go through difficult financial times. If you are in foreclosure, I don’t have to ask – I know you are struggling with a balancing act.

But take heart, you can use the foreclosure process as a springboard to a stronger financial future.  If you received a foreclosure letter, this means that your personal finances have reached a breaking point.

Now, certainly, we can have a great conversation about whose fault it is - the economy is bad, the bank or lender gave you a bad mortgage, the realtor or the broker didn’t do their job. We can blame it on high taxes, President Bush and the Republican government or the Democratic Congress.

However, the only person you have control over is you. Ask yourself, “Am I blaming others when I should be looking at myself?” The best place to start is your very own family budget. How much money are you making? What are you spending it on? What are the bills you have to pay? What are the things you have to buy? How much are you saving? What can you do to save more? What can you do to make more? What can you do to reduce your bills?

There is a lot you can do. Be wiling to do what you have to do. You know there is a lot you can do to solve this problem. Yes, there may have been a lot you should have done to prevent yourself from getting into this situation but my scolding you or you scolding yourself doesn’t help.

What you need to do is begin with the family budget.  Get out a piece of paper right now and write down your monthly expenses, sources of incomes.

Talk with your family – include everyone involved. Make this a time to talk truthfully through about your finances and goals. It won’t take long to get on track. It only takes willingness, determination, and discipline. Make this a team effort.

Don’t’ wait another day, hour or minute. Begin right now! Let this foreclosure letter that you have received and the foreclosure process be a catalyst that causes you to take action and start moving in the right direction.

4) If you want to write a hardship letter to your financial institution, this is certainly a good place to start negotiations with your lender for a loan modification.

This is only possible and meaningful if you are in a situation where a loan modification will help you. If you have no job and no income, forget writing a hardship letter unless you are asking for a few months to find a job but even that approach doesn’t put you in a very powerful position.

If you broke you leg and have been off work for a few weeks but you’re expecting to go back to work in another week or so and you are quite sure you job is secure, then a hardship letter might be the way to go.

Include 3 fundamentals. State what your legitimate hardship.  Mind you telling the bank that we took a trip to Hawaii instead of making a payment to them is not going to cut it.  You have to demonstrate a hardship such as a death in the family, illness, loss of work – show that something was incidental and unforeseen in order for your hardship letter to have meaning and value.

Your hardship letter must be addressed to the right contact person at the bank. Don’t just send it to the bank and expect that they will get it to the right person – that’s a waste of time. In order to find the right person at the bank, you might have to do some research. This is an area where a coach can offer great help. Coaches know the way to contact the right person in the right department.

The hardship letter must include a plan of action – you are making a proposal to the bank. You acknowledge you are behind, you have a legitimate hardship, and now you want to put forward your plan or strategy that you are asking them to accept.

The proposal should indicate that you are able to catch up on your arrears within 3 to 6 months and not more than one year.

5) Now let me say something about prayer. I don’t know about your convictions when it comes to spirituality but I do believe in prayer because I have seen it work.  Many others have also seen and experienced tremendous positive.  Just check out this article in Time Magazine on Prayer

I am not here to push my spiritual beliefs on anybody. If you are not interested in prayer or you do not have a level of spirituality, then believe me you don’t have to read the rest of this. I have given you enough information.

I do say that for those who believe in prayer, that prayer is a powerful solution that helps make all the other actions and steps and plans you do more effective. What prayer does is tune your mind to the frequency of God or, if you wish, the higher power that is in control of all things.

Millions have gone through hardships and can testify that it was not until they prayed with earnestness, conviction and faith that they saw the tables turn in their behalf.

If you are including prayer as part of your solution to help you make it through the foreclosure process, let me suggest a simple formula …

• First, begin your payer with statements of adoration and gratitude to a mighty God.
• Second, continue with confession – if there is anything that is blocking or hindering your spiritual connection, engage in a conversation of confession.
• Third, express thanks – be thankful – not only for what God has already done in your life and for what you do have, but also in advance that God is going to help you solve your financial problems and find a solution to the foreclosure process.
• Fourth, ask frankly for what you want – make it specific. Ask in a positive context. Ask for a solution to help you solve the problem or for wisdom to find the right person at the bank or whatever step you are at. Be specific. And watch for answers – record them if you want.

I have given you a plan of action and some practical strategies. Take it and implement it and you will begin to see results.  Click on the link that says Loan Negotiator Group at the top right of this bog or enter in your phone number and you will be placed in immediate contact with me.

I am more than happy to give you a free consultation. Together we can solve the problem of this financial hardship and survive the foreclosure process.  

The Foreclosure Doctor (Online)

Are You Pulling Your Hair Out Trying to Write a Hardship Letter?

Well John and Cathy had been on my site here reading much of what I’ve been talking about when it comes to How to write a hardship letter. I easily pointed them to some websites and also showed them how not to write a hardship letter.  But they wanted some more information about what an effective hardship letter would look like. 

So I decided to write one for them and for anyone else who is seeking to do this the correct way.

Date (Current Date) Name: (Your Name)

Address: (Your Address) Mortgage Company: (Mortgage. Company.)

Loan Number: (your Loan Number)

I/We, (Your Name), are requesting that you review my financial situation to see if I/We qualify for any workout option.

I/We are having problems making my monthly payments because of financial difficulties created by (circle what applies):

Unemployment

Reduced Income

Divorce

Separation

Medical Bills

Too Much Debt

Death of my Spouse

Death of a family member

Payment Increase

Business Failure

Job Relocation

Illness

Damage to Property

Military Service

Incarceration

Other (Please Specify)

This difficulty or hardship happened on or about this date ??????.   I/We believe that my/our hardship is (circle one) Temporary / Permanent This is a brief account of the situation with some details about how it transpired (explain the situation you encountered… and tell them you feel you can now afford your payments again) I/We, (your name), declare the contents of this letter provided above to be true and accurate to the best of my/our knowledge and understanding.

Borrower’s Signature Date Co-Borrower’s Signature Date

For more information on how to write a hardship letter or what to do after writing a hardship letter please enter your information in the opt-in box on the top right hand side of this blog or click on the Loan Negotiator Group and enter your information there.  I’ll be in touch with you that way soon.

The Foreclosure Doctor (Online)

The semi official stop foreclosure cheer

These clever images were borrowed from tom.

also, check out what eddie murphy has to say about foreclosures!

Will obama stop foreclosure?

Is Foreclosure Ruining Your Life?

Were you as shocked as I today by the Northern Illinois University campus shooting rampage yesterday evening? And while the nation and the world recoils in horror wondering what could have caused this madness, we learn that the shooter Steven P. Kazmierczak of Champaign, Illinois was a most  unlikely culprit.  Teachers claim he was a role model student who showed up to class on time, did his homework faithfully and made viable contributions to his community.

He was a man of tremendous promise who will forever be remembered as the Northern Illinois University Gunman.  Everybody is asking the number one question.  Why?  Why would somebody who appears normal and well adjusted and happy in life do this? Clearly, for Steven P. Kazmierczak, something hidden and desperate was brewing underneath all the apparent promise he  showed.  How does this relate to one’s potential foreclosure situation you ask? Well frankly is the foreclosure procedures brewing at the bottom of your financial life that may be driving you to the edge?

Surely, there are some interesting parallels to be considered if you are facing foreclosure. In the end what kind of student the gunman was didn’t matter.  In the end the fact that he showed no signs of emotional disturbance didn’t matter.  What mattered most is that there was something brewing underneath.  Something that could have possibly been dealt with if only it were known.  Is there something brewing beneath the surface of your financial matters? Are you facing certain challenges such as not knowing foreclosure procedures that are unknowingly driving you to the edge? In this man’s life there was an unknown terror and fear lurking beneath the surface.  That terror and fear emerged and struck death and destruction in the life and heart of this University.

What is clear and easily gleaned from an initial pondering of this event is that in the life of every human being there runs a risk. And even sometimes when things don’t appear wrong there may be a risk that something unknown and unrecognized lies beneath and threatens to destroy the peace, beauty and harmony of life.  That something that lurks may seem benign and unobtrusive at the moment but it is clearly dangerous and destructive.

This event can open us up to many questions if we let it.  Where is my weak spot? As a man, as a citizen and as a human being, what is my weakest link? For sure the gunman Steven P. Kazmierczak was hiding something destructive and deadly underneath the surface.  We don’t believe most people reading this are prone to go out and commit some heinous act of terror or destruction.  We harbor every hope that whatever is lurking is not so dangerous that it will cause death or loss of life.   But still we must ask, is there something like that hiding  in the dark recesses of my financial affairs?

Apparently for Steven P. Kazmierczak there was much about his life that was undisclosed to others and known only to himself.  Someone like him cannot be considered transparent and honest.  But ask yourself the question, am I open and honest and transparent about my life, about my finances? Or is there something within me that I am hiding and protecting that may suddenly drive me to the financial edge? That shouldn’t happen if you become knowledgeable about foreclosure procedues.

For many people facing foreclosure there is a natural discomfort in talking about the situation that often times results in silence.  Few wish to openly expose themselves to the scrutiny and examination of others who may be able to advise, support and help.  Many may see the signs of financial failure and destruction in their own lives but they refuse to share those signs with others.  They choose rather to hide behind pretentious smiles and plastic cover-ups and then suddenly something happens and what they’ve been hiding, protecting and keeping to themselves all along emerges and shocks their world, destroying the peace, safety and comfort of families and friends.

Good news – You don’t have to stay in hiding any longer.  If you are facing foreclosure and you’ve chosen to stay in hiding and pretend that all is well, I challenge you to come out of hiding today. You don’t have to suffer in silence and alone.  In this modern era there is a world of support and help available about foreclosure procedures.  Right now I can refer you to our Free Foreclosure Report and our Financial Freedom Info Pack.  We hope these sites can provide you with information that will help you deal with your most pressing financial issues and keep you from going over the edge.

Thanks for spending your time reading this post.  Keep visiting the new Foreclosure Doctor Online for new information about foreclosure procedures.  We have a wealth of fresh information online to help you Stop Foreclosure and Start Building Wealth.  You will find everything from How to Write a Hardship Letter? to How to Refinance Your Home.  I greatly welcome your comments and ideas on how I can better serve you.

All the best

The Foreclosure Doctor (Online)

Stop An Inevitable Foreclosure Process?

Yes it is true.  The US Navy will attempt to shoot down a failed spy satellite this week. Isn’t this a measure of last resorts? Didn’t this satellite cost a huge sum of money to begin with? Of course it did.  But NASA refused to take steps months ago when it could have conceivably sent a shuttle up to repair the machine and so now they are left with absolutely no options.

Read more