A few months ago, all I could think about was "how to stop my foreclosure". Our mortgage adjusted, payments doubled and I was a stressed out lunatic.
I had to calm down, because I didn’t want to end up with a foreclosure on my credit record and a divorce to boot. My wife sensed I was very stressed out and cut me some slack.
We called our lender time and time again, but nothing worked. I was a contractor and work was slowing down to a crawl. Finally, it became quite apparent to me that I was going to lose my house and I started to look for rentals to move to.
One day, a friend told me to look up a company online. He said they helped out his neighbor. I really had nothing to lose, so I checked it out. It was a stop foreclosure service, but it was different.
An attorney challenges your loan in many ways and this immediately freezes your mortgage until the case is settled. This meant I would not have to pay my mortgage for 4 months to even years if it was tied up long enough.
There are no credit ramifications to this and no interest or late fees can build up either. It sounded pretty good, but what does this accomplish?
Well, after speaking with them, I learned that for a small fee they could perform this service for me. The major benefit is that you get to save up your money for months or years and then decide the best course of action. You also get to stay in your home much longer. When they challenge your loan, they also look for inconsistencies and misrepresentations made by your lender or its employees. If these are found, you may be due financial relief. Also, it could make your lender much more likely to renegotiate your mortgage payments to something more affordable when the case is settled.
There is a money back guarantee and they have a 100% success rate so far, so Im going for it. No longer will I wonder how to stop my foreclosure.