Government Help to Stop Foreclosure? If You Think You Will Get Help, Think Again
Many homeowners facing foreclosure are seeking Government help to stop foreclosure, but will any of these available programs really help the people who need help the most? This is a question that many of my subscribers have been asking me lately.
We found out last week that we are officially in a recession. I wondered who really needed to hear that to now that we have been in a recession for a very long time. Job loses keep coming by the millions; on the other hand, over 78,000 people lost their home to foreclosure last month (source: RealtyTrac).
This numbers are unbelievable. To me, it is just outrageous. And it is likely to get even worst than that, as more people loose their job, usually their mortgage payments become unaffordable as well. And there is not really a Government help to stop foreclosure program that really works for the people who are really in trouble
There are some programs out there like the new Fannie Mead and Freddie Mac that would adjust a new mortgage payment to 31% of your income, unfortunately, there are so many requirements that the program is just currently helping less that 1% of the home owners facing foreclosure today.
Same thing happens with the New Housing Rescue law Program. This program has so many requirements and so many strings attached, that it looks like a very bad joke. If this is what they call a Government help to stop foreclosure program, we are doomed.
But we will probably see some very good news coming in or way. President elected Barack Obama, in his campaign promised a program that includes three month moratorium for homeowners in foreclosure. This means, for three months the banks will not even be able to contact homeowners for payments.
Then, he said, he would implement a Government help to stop foreclosure program that really help the many families that are struggling to save their homes.
That will give home owners in foreclosure sometime to get back on their feet. Unfortunately, there are thousands of people losing their home at this very moment. This Government help to stop foreclosure will get a little late for those homeowners. Do not let that happen to you. You have options, no matter in which face of the process you are, there are many things you can do to stop a foreclosure process now.
Many times, home owners get paralyzed when they get the foreclosure notice and they realize that the prospect of losing their homes is not just a possibility, but a reality that just hit us like a thunder. It is hard to understand the feeling of loosing a house if you have never lived through that.
The fear of losing a home It is one of the worst things that can ever happen to a family. I know because I have been there too. And believe me I try to get help through all the Government help to stop foreclosure programs available at the time but I was rejected every single time.
After spending thousands of dollars in lawyers and counseling agencies, I end up concluding that in fact, I did not need to spend any money in any service, and I did not need the help of any counseling agency to successfully stop a foreclosure and stay in my house indefinitely. I could do it all by myself, and that is exactly what I have done for the last 20 months.
The best news is that in fact I did not need to spend any money at all. Yes, I learned how to avoid foreclosure every way I could. I learned a lot from lawyers and counseling agencies, and some seminars I went to, but at the end, I ended it up doing everything on my own. And anybody can do it as well, if they just know what to do and how to do it.
You do not have to lose your home in just a few months. Now that I understand how things work, I find absolutely ridiculous to see home owners losing their homes in just a few months after they receive their foreclosure notice for the first time. It does not have to be that way. It is not that hard to save you home when you know how to do it.
That is the reason why I became an advocated against foreclosure, and dedicated myself completely to help homeowners to avoid foreclosure and stay in their homes for over eighteen months, in fact you can stay in your house even for over two years if you know how to do it. And best of all; without making any mortgage payments ever.
And remember, in the near future we may finally get a good Government help to stop foreclosure program, but if lose your home before that; is over.
Sometimes home owners let their homes go to foreclosure because they can not longer afford their mortgage payments or because they lost their job, etc... This is unfortunate, because I know you can stay in your home even if you have not income or are just plain broke, and remember this; you do not have to pay for any kind of service at all. You only need to be told how to do it, period.
Sant, A. (2008, October 27). Government Help to Stop Foreclosure? If You Think You Will Get Help, Think Again. Retrieved December 26, 2008, from http://ezinearticles.com/?Government-
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