In Florida, 1-4 homeowners are behind on their mortgage, and almost 50% of homes are underwater. CNN Money reports that only 6% of homeowners who qualify for a loan modification actually receive one.
With all this discouraging news, can a homeowner force their lender to give them a modification? No, but your lawyer can strongly influence them that this is in their best interest. Homeowners armed with aforensic auditof their loan, and a foreclosure defense attorney are able to take the control away from the lender and go on the offensive.
The Tampa Tribune ran a front page story about “foreclosure mill” law firms that have streamlined the process of separating homeowners from their homes both in lowering the cost and in the amount time it takes to remove non paying homeowners. These foreclosure mills can only work if there is no opposition and no one holding them accountable. If a homeowner is armed with their own attorney it can take years for a high volume “foreclosure mill” to remove a homeowner from their home. Now OneCaboodle is educating homeowners to their rights and experienced OneCaboodle network foreclosure defense attorneys are making it affordable for all homeowners to have legal representation against their lenders.
Yesterday I talked with a process server who delivers foreclosure notices to homeowners on a daily basis. She told me of the scores of people who are shocked when they receive their foreclosure notices, because they are actively working with their lender for a loan modification. One lady last week showed the server a letter from Bank of America directing her to not make any payments until she received her “new” payment coupons.
Everyone should have an attorney represent them to ensure they have a fair shot with their lender. An attorney will make the lenders play by the rules, of which there are many.
That is why I founded OneCaboodle. OneCaboodle levels the playing field, making it affordable for homeowners in distress to have legal representation in pursuing a loan modification, defending a foreclosure, or buying as much time as they can in their home while reorganizing their finances.
The Lakeland Ledger reported today that the state of Florida has over 450,000 pending foreclosure cases. In Hillsborough County alone 11 circuit judges have 2,000 cases each. By simply defending the foreclosure a homeowner uses the massive volume of foreclosure cases to their benefit.
No matter what a homeowners goals may be, a short sale, loan modification, or to buy up to two years or more in their home mortgage payment free while they restructure and reorganize, an experienced attorney can help.
Attorneys are expensive, but OneCaboodle network members have discounted access to some of the best foreclosure attorneys for as low as $175.
So, for less than the cost of 1 mortgage payment why would anyone move from their home, if they could stay in their home mortgage payment free for up to 2 years or more while they put their live back on track?
While I was in the financial struggle of my life, the only source of positive cash flow I had was from rental income I had on my personal home which I chose to lease out, as well as rental properties I had which were all in foreclosure.
Many people don’t use the best resource they have to get back on their feet financially, their home. I read about aCarl Person a Harvard educated lawyer who claimed every home had at least $42,000 worth of hidden equity no matter how much was owed. His claim was the use of the home for two years or more or the rental of the home was hidden equity.
All I know is the two and a half years my OneCaboodle network attorney bought me in my home, for less than the cost of one mortgage payment and the positive cash flow I was able to generate made all the difference in the world to taking my life back.
With only 6% of the 4 million people who qualified for the Obama plan actually getting a modification , wouldn’t it be nice to have some assurance and even a plan “B” if and when you are denied your loan modification? Homeowners who are armed with a forensic audit and an attorney fair much better when they go up against their lender for a loan modification. Homeowners who are denied a loan modification can still gain up to two years or more in their home while their attorney defends the foreclosure action.
For less than the cost of one mortgage payment you can have an attorney, a forensic audit, and most of all, the peace of mind knowing you have the time you need to reorganize your life.
How do I know? A OneCaboodle network attorney gave me two and a half years mortgage payment free and the chance to have my life back.
WATCH THIS QUICK VIDEO OF A BUSY FORECLOSURE DEFENSE ATTORNEY
While my home was in foreclosure, I was able to stay in my home with no worries about being kicked out on short notice for over two years. So if it worked for me, will it work for everyone in Florida facing foreclosure?
Many people gain much more time than a couple of years. The average time I see people gain is between 18-30 months in Florida. The absolute quickest I have seen someone get foreclosed on with competent legal representation in Florida is 6 months, and that was by a small credit union that had all their ducks in a row.
Hear What a OneCaboodle Network Attorney Has to Say:
Many banks have chosen to put their foreclosure efforts on hold for the holidays. For many homeowners this is a wonderful gift, even if it is only temporary.
To find out how I and others like me have legally stayed in our homes mortgage payment free, sometimes for two years or more, while we reorganized and restructured our lives, go to: www.onecaboodle.com
If you are served foreclosure papers from your banks attorney, the last thing you should do is move out of your house. Sadly this is what most Americans do. Studies show only 2-3 % of Americans facing foreclosure ever seek legal representation They figure they can’t pay the mortgage, they must move. Wrong!
If you have an experienced attorney defending your foreclosure it can take years before you have to move, if at all. During valuable this time you can, recharge emotionally, become stronger financially, and help the bank at the same time.
Make the most of the time you have mortgage payment free to build up your cash reserves or pay for critical things like transportation repairs or medical expenses.
By remaining in your home instead of abandoning it, your home value and the homes in your neighborhood will benefit. It is widely known that once a bank becomes responsible for a foreclosed home the value drops immediately 20-50 % or more.
Find out how I lived mortgage payment free for over two years, and got my life back on track at onecaboodle.com
It seems everyone I talk to lately is “trying to get their mortgage loan modified”. It is encouraging to see distressed homeowners take a proactive approach seeking relief from mortgage payments they can no longer afford. Instead of a person who’s just been given a new lease on life more often than not the homeowners I talk to sound more like a cancer patient who was told their cancer was in remission, only to find out the disease is back and there is nothing that can be done.
In a battle against cancer at least you have a fighting chance with specialized doctors, medicines and treatments available. Sadly folks are merely wishing and keeping their fingers crossed that the giant beuracratic lender machine they are dealing with will give them their wish of new life in their home by lowering their payments
CNN reports that only 6% of the 4 million eligible homeowners have gotten help modifying their loans -- most just get the run around from their lenders. Only 26% of the loans modified resulted in a lower payment, and 70% of modified loans re-default in 6-12 months. Studies show that only 2-3% of homeowners being sued in foreclosure ever have legal representation.
Most homeowners have no idea about weapons they have at their disposal. A homeowner armed with a forensic loan audit and a skilled foreclosure attorney has a far better chance of winning a substantial loan modification from their lender. Mortgage lenders have hundreds of Federal and State laws and regulations they must adhere to when writing a mortgage. If there are errors in the mortgage the homeowner has a much stronger position with their lender, even up to the point of total rescission of their loan.
If a loan does fall into foreclosure, a homeowner who hires an attorney to defend the action can gain valuable time in their home, many times even multiple years, while the lender and their attorney(s) attempt to gather all the required paperwork, if they can even find it at all.
Even for homeowners who know about these powerful weapons , cost keeps most of them from employing them in their attack. A quality forensic loan audit can cost thousands of dollars, and attorneys with experience in defending foreclosures are hard to find. Cost for a defense attorney can easily range from $2,500-$7,500 or more.
Now there is a game changer. The playing field has been leveled with the creation of OneCaboodle. OneCaboodle is a network dedicated to educating and empowering homeowners. In the OneCaboodle network homeowners have access to experienced foreclosure attorneys at seriously reduced rates as low as $175. Everyone who accesses the network receives a free forensic loan audit of their mortgage from an industry leading audit firm. With these weapons and other tools and resources available at onecaboodle.com homeowners seeking to change their lives for good can now achieve victory!
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