May 30 2009
Mortgage Foreclosures Rise Again
Another fiscal quarter, another jump in foreclosures. With the Federal Government attempting to manage the foreclosure crisis, the banks are trying to get as many foreclosure judgments entered as soon as possible. In the coming months, there will be a push for more mediation, higher filing fees, and loan principal reduction through the court. The lenders want to avoid these issues so they are pushing the foreclosures through the system as fast as they are allowed by law. Don’t believe the lender when they tell you they are working on a modification and will notify you shortly. Don’t think that the foreclosure process will be stopped at all before a judgment is entered against you. Loan modifications will only become a possibility after you stall the legal process and make a little noise so that the lender pays attention. Don’t let yourself get pushed through the system and miss out on the bailout that is coming for any homeowners behind on their mortgage payments. You need to fight the foreclosure and stall the legal process for as long as it takes to get a better deal. Learn how to fight the process at www.ForeclosureDefenseSecrets.com.
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