The Plan
We found the information we
needed to make informed and educated decisions about our situation at
IllinoisAssociationOfForeclosurePreventionProfessionals.ORG
www.IAFPP.com
Then we got the Help we
needed
To Avoid Loosing In Foreclosure
You need a plan!
We can't emphasize
this enough!
YOU NEED A PLAN!
Without a plan you
have no direction or described goal.
By understanding the foreclosure process,
learning about the options and solutions,
you will be able to make a suitable plan
for your unique situation.
The foreclosure process
itself is methodical.
However, the people
involved
make it complicated and
complex
either by their own lack of
knowledge
or by their own
personality.
Foreclosure is
a JOB
for many people;
-
the lawyers
-
the realtors
-
and the bank personnel
Like any job,
you have many kinds of
personalities in the work place,
some workers are good at what
they do,
and some are bad and should
be removed.
Some people are out to save
the world
and have genuine
compassion,
while some are just putting
in their time
waiting for the day to end
and go home.
Now That You Know Your Options
What's Next?
-
Analyzing your options against your personal
situation
-
Figuring out where you are now and
where you want to be
-
Creating a personal
plan
-
Finding the right people to help
you implement your plan
-
Implementing your plan
-
Repairing damaged
credit
It is important now to
analyze your options
against your personal
situation.
In analyzing your options
against your personal situation you want to consider where you are now
and where you want to be in
the short and long term.
Your decisions will be based on your personal situation.
You may have just received a
notice of default
and know that a foreclosure
is forthcoming.
You may have just been thru a
divorce
and have some time on your
hands
but have realized that you
need to move quickly
or things could turn for the
worse.
Once you have analyzed your
options against your personal situation you must now create a personal plan.
Your personal plan should provide you a road map to avoiding a foreclosure and achieving your short
and long-term goals.
Your personal plan
should also outline the
options available to you,
ranked from first to
worst.
While you might have an
option
that sounds great to you
(i.e., refinance),
it is not always going to be
available to you,
and you will need a Plan
B,
Plan C and probably even a
Plan D.
Having a plan is critical
to successfully dealing with
your problem,
yet most people never get
around to doing much,
if any, planning first.
Once you have created your plan
you will need to find the
right people
to help you implement your
plan.
Throughout the foreclosure
process,
from the first notice of
non-payment,
all the way to receiving that
dreaded letter
from the lender's law
firm,
it is important to get
professional help.
You may need;
-
An Attorney to review the
foreclosure filing or help you file for bankruptcy if you choose this
route.
-
A Mortgage Lender to assist you with refinancing and who
is familiar with alternative and creative financing options.
-
A Realtor to list your house for sale or assist you in
finding a new home or rental upon the sale of your current home.
-
An Investor to purchase your home from you quickly or
help you in a “Short Sale” with your bank.
-
A professional who can help you with a “Short Sale” or
foreclosure reinstatement plan.
Be aware of who is helping you
when facing a foreclosure
and be sure to choose the right people
who are knowledgeable with your local
area
and the foreclosure process.
One of the benefits to the IAFPP
is that we can educate you
with ANY of the possible solutions.
Understand the intentions of the individual who is trying to help
you;
-
the mortgage broker who says,
“refinance”
-
the bankruptcy attorney who
screams, “File for chapter 13”
-
the realtor who begs, “list with
me”
-
or the investor who shouts “cash
for your house”
We have compiled a list of questions to ask people and companies that offer to
help you
See Questions to Ask
It is much better to work with a team of individuals
who can help you objectively
analyze your options,
and determine which is best
for your unique situation.
Do not forget
that when working with an
individual
who can only offer his or her
solution to you
(mortgage broker, realtor,
bankruptcy attorney, etc.)
they probably have their own
personal agenda in mind,
along with a solution for
you,
and may not tell you other
solutions available to you,
or the cons of the solution
that they suggest.
Once you have a plan
and have found the right
people to help you,
it is time to implement your
personal plan.
As you have probably learned
by now
the most important thing you
can do today
is to educate yourself on
your options
and then set a realistic plan
in motion
to avoiding a
foreclosure.
And you have also learned that without the right people
helping you implement your
plan
to stop your
foreclosure
you are likely to meet
failure.
Homeowners today facing
foreclosure
no longer have to face this
problem alone.
Today there are teams of
individuals who help people facing foreclosure, stop their foreclosure and move on with their
lives.
IAFPP is the Education website and the beginning step to finding the help you need.
The independent Foreclosure Prevention Professionals are the right people in your local area who
can help you today.
Go To Resources to find
qualified people to help with your situation.
If you decide to proceed on your own,
here are some words of advice
to use as guideance.
YOU
hire the attorney, realtor, and/or consultant,
make sure they are going to
do
what you want them to do for
you;
-
don't be intimidated
-
remember they work for
you.
-
Lay out
YOUR plan and have THEM accomplish
it.
-
Don't allow yourself to be pushed
somewhere you don't want to go!
-
Be polite and straight forward.
Remember that YOU hired them to accomplish your plan, and for
their advice and expertise on how to get it done.
As for the bank personnel you
deal with,
you won't get to choose
them,
you get whom ever is assigned
by the bank.
When speaking with
them:
-
speak clearly
-
decisively
-
politely
Remember your plan and goal!!
If you do, you will
loose!
Stay In
Control
You’ve Stopped the Foreclosure
But You Aren’t Done Yet . . .
Put yourself back on track to financial freedom!
Do you know what bad credit
can do to your monthly living expenses?
Poor credit can affect how much an individual
pays
for automotive financing,
home mortgages and credit card
financing.
We feel that it is important
to not only educate consumers
in avoiding foreclosure,
but to also educate them
in avoiding any potential foreclosures
in the future
putting them on the road to a better
financial future.
When creating your plan of action,
you may wish to include a credit repair
service
as one of your final steps.
Legal Information Is Not The Same as Legal
Advice.
This site provides information about foreclosure
law
designed to help users safely cope with their own
legal needs.
But legal information is not the same as legal
advice.
The application of law varies
with an individual's specific
circumstances.
Although we go to great lengths
to make sure our information is accurate and
useful,
we recommend you consult a lawyer
if you want professional assurance
that our information,
and your interpretation of it,
is appropriate to your particular
situation.
Mortgage Foreclosure is a complex process.
You are encouraged to become informed
about your options in foreclosure
before entering into any agreements
with anyone in connection with the foreclosure of
your home.
Do not sign any important legal contract without
first consulting with an attorney in your area.
Many states have consumer protection laws that regulate foreclosure
advisors and/or consultants.
For more information on these laws you should
contact a lawyer or the State Attorney General
www.IllinoisAttorneyGeneral.gov
Mortgage Rescue Fraud Act
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