TAG | Stop foreclosure
There are plenty of website and articles that offer tips on how to delay your foreclosure. Here is one tactic to delay the default status of your loan for at least seven months without paying one cent. This process is used in many judicial states. A judicial states is one where they have to take you to court to foreclose on your home. In the state of Pennsylvania, which I am going to be using in my example, there are certain guidelines that lenders must follow before they can default on your loan. Let’s start from the beginning. You are behind on your mortgage and you have tried to get your bank to re-modify but they won’t budge. If you are more than 2 months behind on your mortgage and your lender tries to default on your loan, the lender must send you a Act 6 or Act 91 notice. These Acts allow, if you qualify, for the State Housing Authority to pay up to two years of your mortgage or up to $60,000. You still have to pay back this amount, but at a very low interest rate. With these acts you have 30 days to respond, and if you do not, they can default on you. You can go online and look for the Credit Counseling Service that processes these applications. Your goal is to get the application completed and submitted within those last few days of the 30 days that they allow you to respond – this buys you the most time. The agency will try to get you in immediately to complete the application, but you can tell them that you are very busy and that the only time you can meet is that last week, and they will accommodate you. While you submit this application, the mortgage company cannot default on you nor can they foreclosure on you. If you get the State Housing Authority to pay your mortgage, then you will be in the clear and you can catch up and start over again. If they don’t approve your application, then it takes around three to four months for them to respond and inform you of this denial due to the fact that they receive an over abundance of applications and they do not have enough people to review all the applications. Furthermore, they have to do a title search and a credit check on you which causes them even more delays, buying you even more time while your foreclosure is halted. If they deny you, they then give you the option to appeal. You can then request to do a face-to-face conference with them or a phone conference. This gives you another 30 to 60 days. For more detailed information about this subject and for tips and strategies to avoid foreclosure and stay in your home without making any monthly mortgage payments:click here
In the First week in July I recieved paper work from the Plaintiff lawyers that was a copy of the Motion for Substituted Service. I kind of new what it was but I had to double check. Basically I go to my States Rules of Civil Procedure and look up rules of serving a complaint which in there terms is “SERVICE OF ORIGIANL PROCESS” and you have to read all the sections and you will then see they can file a motion to serve you without bascailly geting served. From what I read and understood, all the sheriff had to do is, tape it to our door or leave it on our door step. So starting in July, Every day I would check the door step like 5 times a day since I was home all day working out of my house. Also this puts a damper on having people over or having your neighbors see whats going on. To us we did not want anyone to know what was going on. So on July 24, 2009, while my wife was getting picked up for a weekend trip with her girlfriends, the sheriff came into our drive way. From what my wife told me, as soon as she saw him drive up, since she was packing up the car with two of her girlfriends, she basically ran over to him and stopped him from walking up to the group. He apologized for what was happening and gave her a sob story how he knows how tough it is out there and he also had to pick up a second job and he hated this part of his job. My wife was devastaed by this. Since it was the start of the weekend and she was going away for the first time since we had our daughter it really started her weekend off badly. She told her friends it was a law suit from our old store and there as nothing to worry about and she went in and handed me the papers. She was upset since her friends where there and I was ok with it, I finally knew it was the start and that I did not have to worry about it happening anymore. For more detailed information about this subject and for tips and strategies to avoid foreclosure and stay in your home without making any monthly mortgage payments, Please go to www.Fightmyforeclosure.com and watch someone use these tactics and see what happens during a actual. Foreclosure. . Remember, You don’t have to go to law school to fight back.
