How to Stop Foreclosure

Right now, Indy Mac, Wells Fargo, Bank of America, Chase, GMAC, Wachovia and Ocwen have the most uncooperative, incompliant and difficult loss mitigation departments to deal with. As a home owner, it is very difficult to get them to work with you. They don't return phone calls. They require you send and re-send them applications.

There is a specific reason that you have to submit and re-submit your loan modification application documents to them over and over again. They come up with every excuse in the book as to why to have to send them again. Does this sound familiar?, "we lost your documents" - "they've expired" - "you sent then to the wrong location" - "you forgot a signature" - or "we didn't receive them". Even if you have conformation that they did receive the package, they still claim that they don't have them.

 The reason they come up with all of these excuses is to get you to re-submit them. This is done because every time you to send the same documents, they process them as a "new application". And every time they process a "new application"; they get paid by the government.  So the fact that you have to do it over and over again is no accident, this is done by design. All the while you're incurring more and more late fees. The reason they can give you the run-around and ultimately deny you a permanent modification is because they know you are not an underwriter; you don't know how to exactly submit those "application packets". When your file has been transferred to a different department and then that department has no idea what has transpired or what is going on with your file, this is also done by design, it is, shockingly enough, to get you to send them the same documents again! All the while, you're that much closer to foreclosure because your loan is already in default and they wont except payments!

We have personal relationships with the staff in the Loss Mitigation department with these lenders. More importantly, we know how their game works.

When we submit your case file, it is formatted in a way that is indicative of a program that you're pre-approved for. If the lender does not take timely and cooperative action, they assume liability.

We understand that good people sometimes are in need of help with dealing with their lender. Sometimes foreclosures are a result of an unexpected life event, such as:

• Unemployment
• Separation
• Business failure
• Family Emergency
• Market Fluctuation
• Damage to property
• Job relocation
• Military service
• Divorce
• Too much debt
• Payment increase
• Incarceration
• Personal Injury
• Adjustable Rate
• Changed Jobs or Loss of a Job or Income
• Difficult and Costly Divorce
• Unexpected Death in the Family
• Health Difficulties resulting in expensive Medical Bills