Dec 24 2008
Tis The Season
With Christmas upon us, many banks have been feeling the giving spirit and putting files on hold as to protect themselves from damaging publicity and to buy some more time to complete loss mitigation at a time when they are short handed due to a mass number of employees taking holiday vacations. This time has quickly come to an end.
If you have missed a mortgage payment and are thinking that the banks have forgotten about you or that they are willing to put the file on hold for as long as it takes to complete loss mitigation, you are sorely mistaken. Come February, all of these files will be coming off of hold and the banks will soon be giving my firm the orders to speed up the process and complete the foreclosure as quickly as possible.
Experts in the field have already predicted more foreclosures in the first half of 2009 than we saw in the first half of 2008. We are not at the beginning of the end of the mortgage crisis, we are merely at the end of the beginning. There are plenty more foreclosures to come, and you or someone you know will surely be affected by this foreclosure epidemic.
The only way to prevent becoming a victim of the spreading plague of foreclosures is by defending yourself and the best way to defend yourself is with knowledge of the system. Educate yourself at www.ForeclosureDefenseSecrets.com.
