What To Do If You Do Not Qualify For A Mortgage Modification Plan

Delaying foreclosure is one way that you can keep your home, live in it and not pay your mortgage until you sort out your financial matters and are ready to apply for mortgage modification. Creeping through the loop holes of the law is what you need to do when it comes to saving your home from foreclosure. There are several owners who have followed these methods by delaying proceedings and gaining the benefit of living in their homes for several years without paying a cent.

Be armed with proof of the reason you got into the financial crisis and why you had no option but to fall back on your payments. In this process the best method that usually works with a judge is a hardship letter. Make sure that you are one step ahead of your lender and when you know you are really in a soup and your home will be foreclosed, send out the hardship letter to your lender. You will probably get warning letters prior to that or endless phone calls so it's up to you to plan ahead to buy time. Explain in detail all the financial problems that you are having and ask for time to sort out matters. If done carefully and methodically, you will be able to live in your home for at least 2 years when the lender files action for foreclosure.

Years Mortgage FREE!

Always make sure to keep copies of all documents that you send to your lender. When you fall into the foreclosure crisis and are not able to go in for loan modification, then delaying things on purpose helps you in a big way. If you succeed, then during this period you can get ready to apply for a mortgage modification if you get all the documents that the lender needs. For this you need to give the lender what they want. This is extremely important.

If you give up and are a lethargic person then you will be putting your family at risk. Great risk. You should never give up when it comes to your home because it could cause serious problems within the family when you are all thrown out of your home. Never ignore a legal summon. Always make sure you go for the hearing and come up with the biggest sob story ever! Remember this is survival.

Foreclosure summons need to be signed by a real person. When the summons is issued you could be without signing and have yourself admitted to emergency room of a hospital and maybe fake a chest pain. This means that your signature cannot be taken for the document and will have to be delivered at a later date. You need to try every single trick under the sun to save your home from foreclosure. Remember it is your nest. Using your instincts and the best part of y our brain is the trick here. Delays are always to your benefit. It could mean that you may be able to live in your home for years without paying mortgage payments.

To prepare these critical documents you can use the Complete Loan Modification Kit which provides you with all the forms, document templates and an extensive how-to guide.

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