Of course, it's not new if you didn't qualify for Obama's Mortgage plan. It is not just you; most property owners didn't qualify either. With all the other requirements, it really is impossible for the plan to work and even the Government just admired that the Plan didn't work the way that was expected.
Luckily, you don't really need to be qualified right now in order to keep your home. You can fight foreclosure all by yourself. With a little know-how and some not so well known strategies, you can keep your house for the next 2 or 3 years even without having to pay mortgage.
It's not that most people don't want to pay their mortgages, it's more of the fact that the economy is just too hard on most people. Fortunately, there are many ways that will let you keep your house until you're ready to apply for a new Loan Modification plan.
Most homeowners have claimed that when they applied for loan modification, it was not approved the first time so they try to apply again. There are chances that you may again be denied on your second application but there are effective strategies to avoid that.
Some homeowners were even told that they have to apply for a different loan modification program. This is mostly true and it can be really hard on the part of the homeowners. You can avoid all the hassle and get your second or third application approved if you know how to proceed.
First, make sure you stay in your house before you apply for it; once you abandon your property is already too late? One effective way to do this is by carefully looking at your contract and trying to find errors or mistakes.
Usually, contracts that are of 3 to 7 years old have errors in them and these errors can be used to fight your lender. Even the littlest of errors can be powerful enough to defend yourself and let you keep your property for a long time.
That's just one of the strategies. Writing a hardship letter and requesting a court hearing are some other strategies that you could use. If you take the time to learn the legalities of foreclosure, then the law could be on your side and you can keep your home for many years even if you can't make your monthly mortgage payments.
Lawyers and Loan agencies know these kinds of secrets but they would not dare tell you. For one, they would not be able to make money if they tell you the secret. After all, defending your case is one thing they make money from.
Fortunately, you don't really need a lawyer. The process is so simple if you know how to explain your side of the story well. As long as you understand the norms and rules of these legal documents, you can keep your home for a very long time.
Foreclosure is a process and there are ways for you to DELAY that process and stay in your home MORTGAGE-FREE for a few years regardless your financial situation, even if you have not income at all. To learn how, go to how-to-avoidforeclosure.info How To Stop Foreclosure
For tips, strategies and detailed step by step instructions on what to do to avoid foreclosure and DO-IT-YOURSELF without paying Attorneys, Brokers or Agencies how-to-avoidforeclosure.info CLICK HERE
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