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Three Words That Can Stop Foreclosure
If you find yourself in the midst of a foreclosure on your home, there is a clever way to beat the system, as proposed by The Consumer Warning Network. The three simple words that can stop a foreclosure on your house are "produce the note." This makes certain the institution suing you actually owns the note, and forces them to prove it. How to avoid foreclosure hell and get your life back. Part of the reason this method is successful is that during the lending boom, the majority of mortgages on property were flipped and sold to other lenders routinely, often at a break-neck pace. At times they were in such a hurry they did not get the proper paperwork to show they actually now owned the note. Sometimes the original note has been lost or destroyed, and this can buy you valuable time, sometimes years, in which you can regain control of your finances.
In this incredibly stressful economic time, many homeowners are in the position of finding themselves involved in foreclosure proceedings with nowhere to turn. So when you find yourself talking to the court, challenge the lender to prove who owns the note. If you don't, the court will allow the foreclosure to proceed. So, use the three words to fight foreclosure in court, and demand the lender "produce the note."
How will the current home mortgage crisis affect you? |
Planning to sell your home? You could make $10,000, $20,000 or more from the sale of your home if you sell it yourself! Planning to sell your home by owner? The You Can Sell Your House kit provides the information and forms you need. You could easily make $10,000, $20,000 or more from the sale of your home if you sell it yourself! |
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