Are you ready to rumble? Fight foreclosure - By: Billy Alverado

Ok, come out of your corner get ready to fight, no low blows, nothing below the waist. Let the best man win!
It seems now-a-days that that is what is required in order for you to survive homeownership. You must be prepared to fight the bank and face foreclosure. Make no bones about it; you are definitely fighting against one of the toughest and most powerful opponents in the world. Unfortunately they do not always fight fair, so you have to be ready for a down and dirty brawl. Because your opponent may not be fighting fair at all.
If you are facing foreclosure then you are indeed entered in an unfair fight. In order to win this battle you will need to be armed and know your opponent. The first thing you must do is know if you are indeed fighting a fair fight, is your mortgage legal and exactly what you thought it was? Does your loan have legal violations?
90 and a five year fixed period that applied to the payment and not the rate.
The court found for the borrower, supporting these allegations and the loan was rescinded.

This is just one example of the courts throwing out a mortgage based on undisclosed information in the mortgage document. There are numerous situations where this same thing has occurred. Unfortunately no one is going to tell you about this little secret weapon. Chances are the so called help organizations such as HOPE NOW and 995-HOPE won't tell you about this useful defense. These organizations are funded by the lenders and certainly do not want you to know about this.

So arm yourself with this sucker punch by being sure to have your mortgage documents examined by a negotiation expert. If your lending institution knows you have been trained to use this fighting technique they will not want to see you in foreclosure court and so they will be more than happy to help you reach mortgage modifications that are comfortable with your financial situation.

About the Author

Discover how you can ethically modify your home mortgage loan and save as much as 47% off your current mortgage payment in as little as 60 days without refinancing? For your FREE CD, FREE e-book, and FREE coaching call with Mortgage Modification Expe

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