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Saved from the Icy Depths!

Saved from the Icy Depths!

I was walking one February afternoon with my dogs along the lake. One of the dogs walked out a dock and was sniffing around. This didn’t concern me too much until suddenly, splash, she had jumped off the dock onto the ice and crashed through the ice. In a blink of the eye, she was flailing around in the ice cold water. She managed to pull her front end up onto the ice, but could not pull her back end out of the water. Fortunately, I could walk out the dock, reach under her stomach and pull her up onto the ice. Read more…

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Mind Games Lenders Play

Mind Games Lenders Play

My mind keeps playing tricks on me. Little things keep happening that I don’t remember doing. For example, I went to walk the dogs yesterday and couldn’t find 1 dog’s collar. Then I found 2 collars on the other dog. I don’t remember putting both collars on her. This morning we returned from our walk and were locked out of the house! I don’t remember locking the door behind me and no one else was in the house. I am sure I am responsible for these silly little events as I get so lost in my own thoughts that I unconsciously do things without thinking.

I am sure that if you are part of a family who is struggling with a hardship and facing a Michigan foreclosure, you may feel like your lender is playing mind games with you. You can call one day and be told to submit certain information and call back a few days later and they either did not receive it or need you to submit something entirely different. Or you call and are told one thing is going to happen and call back again another day and get told something totally different.

The good news is that you probably are not losing your mind. It can be very frustrating dealing with a lender, especially when you don’t know who to call, what to ask and what to expect. I’m not telling you not to try. I just want to suggest that you should have someone who has experience dealing with the lenders call for you. Someone who has phone numbers that work, and knows what to ask and how to respond to information; someone who has time to sit on hold for 30+ minutes and call back daily, or several times a day if necessary.

That someone is us! We have been working with lenders on behalf of sellers since 2005. In addition to having phone numbers and scripts and procedures, we also have a network of other people like us that we can turn to for help if we get stuck. They often have a phone number or a contact that can help us. Give us a call and unload the burden of dealing with the bank onto our capable shoulders. We will not charge you a fee and we keep everything confidential. We will keep you updated on our progress and move your situation along without you having to sit on hold. Let us go to work for you so you can get back to better times.

Ann

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Three Key Components to Surviving Michigan Foreclosure

Three Key Components to Surviving Michigan Foreclosure

Some sellers think that if they just give the keys to the lender, they can walk away and start fresh. Just a reminder that you did sign a binding contract for your mortgage and it is big bucks. Your lender can wait until you are in better times and may make efforts to collect that debt. It’s a tough fact to face but you can protect your financial future. So how do you survive a Michigan foreclosure? Here are some key components:

Don’t make rash decisions based on fear and panic. This is one of the biggest mistakes that people make and can be the most damaging. Take a piece of paper and write down the issues and weigh everything out. Is it inevitable that you will need to move? Then you must accept and move towards that goal.

Don’t do nothing! The ol’ “Head in the Sand” plan is not the right move . On the contrary. Keep your eyes and ears very keen and sharp and learn all you can about foreclosure options. One will fit your situation. If you make some money, you might be able to do a loan modification but the odds are unfortunately low (less than 6% was the last statistic that I saw). If you have lost most of your money, you need to get a plan together to move on and find out about alleviating the debt. That will lead you to a short sale which is also the most popular solution when a loan modification doesn’t succeed.

Pursue a solution. Above all else, don’t be shy to ask questions from experts in the field. We offer our services to hundreds of sellers, at no charge, because we know there is a lot of misinformation out there. Grab a pad of paper and call. We will help you decide what solution is best for you and your family to lead to a better future and make the pain go away.

Jeannie

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Tough Times Ahead, Exit Now!

Tough Times Ahead, Exit Now!

Yesterday I was cruising north on I-131 and just as I got to Grand Rapids, the traffic began to slow down for no apparent reason. Soon, we were barely going over 35 mph. I never did see what caused the slow down and fortunately, in a couple miles I was cruising at 70 mph again. However, on the way home, I saw the northbound traffic completely stopped this time because of an accident. As I headed south and saw all the unaware northbound drivers heading toward the tie up, I wanted to hold up a sign saying “Get off at the exit, avoid the congestion ahead!”

Of course, since I am always thinking about how we can help more sellers facing a Michigan foreclosure, this reminded me of many sellers’ situation. Many people are cruising through life minding their own business when they hit a slowdown in income. Usually the reason is obvious such as hours being cut at work, business failing or a divorce, disability or a death. All leaving them with less income than they need to make ends meet. In these situations, sellers often crawl along making ends meet and hoping things will improve soon. Sometimes they do improve and the they can comfortably make the house payments again. However, many times, the seller ends up stuck and wondering what to do when their reserves run out or the income totally stops.

While we cannot forewarn you of these upcoming income obstacles, we can help you navigate through them. We have helped hundreds of sellers who can no longer afford the house payment and just want out from under the burden of the mortgage payment. We know who to contact at their lender, what to send them and what to say and do to get the lender to agree to let the house sell for less than what is owed. We are successful about 85% of the time in helping a homeowner get on a clear road to a better future. Give us a call and discuss your situation with us. We will charge you nothing and keep all your information confidential. We can tell you what pitfalls are ahead, how to avoid them and best of all, help you get moving toward better days.

Ann

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